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Banks Can’t Get Enough Double-A-Plus Rated Debt

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Banks own more Treasuries now than basically ever before, as it seems Standard & Poor’s didn’t consider that Dodd-Frank was basically just a scam to force banks to buy up the stuff even though it makes no economic or business sense whatsoever.

The most likely catalyst is the need to begin complying with a new type of bank liquidity rules. This will require the biggest U.S. banks to hold a portfolio of assets that could be easily sold to make up for cash outflows in a stress period that lasted 30 days.

Banks Drink Deep From Uncle Sam’s Debt Fountain [WSJ]



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