Wall Street's Pile of Unwanted Treasuries Exposes Market Cracks

  • Firms' holdings in February reached highest since 2013
  • Ripple effects seen in repos, futures, harder-to-trade debt

Wall Street Is Stuck With Unwanted Treasuries

The world’s biggest bond dealers are getting saddled with Treasuries they can’t seem to easily get rid of, adding to evidence of cracks in the $13.3 trillion market for U.S. government debt.

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