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It would seem to me that CDs and iBonds are fixed income products because they represent a series of future cash flows and therefore carry interest rate risk. A series of cash flows doesn't have to be marketable to be valued.
Being very practical, though, I can see why someone might want to classify them as cash for the sake of an AA model. (espcially CDs)
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Money's just something you need in case you don't die tomorrow.
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