Sep
17
Wall Street Bond Stake Balloons in Time to Profit From Fed Rally
By-
Primary dealer holdings of bonds rise to highest in 21 months
-
Global central bank debt sales bloated holdings, Nomura says
Wall Street banks that trade directly with the Federal Reserve loaded up on bonds before the central bank meeting this week that sent the market surging. Countries that are trimming their Treasury holdings provided the supply.
Goldman Sachs Group Inc., Morgan Stanley and the 20 other primary dealers boosted their positions in U.S. debt to $91.8 billion, the most in 21 months. They bought ahead of the Fed’s decision Thursday not to raise interest rates, which sparked the biggest rally in two-year Treasuries since 2009…
Wall Street Bond Stake Balloons in Time to Profit From Fed Rally
