Banks Are Hoarding $2.4 Trillion of Bonds

Updated on
  • Government debt holdings soar as deposits outpace loan demand
  • Tighter standards, lackluster U.S. economy damp lending

Bonds on Track for Worst Month Since 2013

If the world’s biggest economy is really on the upswing, then why are America’s banks stockpiling a record amount of ultrasafe bonds?

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