Dealer Treasury Holdings Jump to a Record After Market Shakeup
- Aggregate holdings rose to $361 billion in week to Aug. 7
- Elevated repo rates suggest balance sheets are getting full
This article is for subscribers only.
Primary dealers hold the most Treasury securities on record, an indication that balance sheets are filling up after a global selloff in risk assets last week sent investors flying into haven assets.
Aggregate holdings of Treasuries — which are comprised of coupon bonds, T-bills, floating rate notes and TIPS — by primary dealers rose to a record $361 billion in the week through Aug. 7, compared to $323 billion the week prior, Federal Reserve Bank of New York data show.