Aug
03
Wall Street Banks Join Hedge Funds in Boosting Treasury Holdings
By
Wall Street’s biggest bond dealers are joining hedge funds in loading up on Treasuries as the outlook for inflation tumbles.
JPMorgan Chase & Co., Citigroup Inc. and the 20 other companies that trade with the Federal Reserve increased their holdings to a net $42 billion in data reported last week, the highest level in four months. Large speculators including hedge funds boosted their positions in Treasury 10-year futures to a net 65,642 contracts, the most in two years…
Wall Street Banks Join Hedge Funds in Boosting Treasury Holdings
