Self-hosted TNEW template issue & cache question

Question for TNEW developers or anyone who knows: With a self-hosted template, doesn't TNEW cache the template, both for performance as well as in case of momentary service interruptions? That is, say TNEW can't reach the server hosting the template for a moment, wouldn't it load the last known good template from its cache? Our www site (where our template lives) has 99% or better up-time, but TNEW keeps loading without any template (base styles, no branding, none of our custom javascript, etc.). Unless our www site was experiencing frequent or lengthy outages, I can't imagine why this would happen -- unless TNEW doesn't load the last template code from its cache. In which case, IMO it should do that.
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