Friday, April 30, 2010
Banks Buying Treasuries Instead of Lending
Economics item by
Offsite
Banks remain cautious about lending in the wake of the financial crisis and are instead using their newly beefed-up capital to buy Treasuries.
In March, banks reportedly absorbed $5.7 billion of the total $34 billion in auctions of 10-year Treasury notes and 30-year Treasury bonds. Full Piece
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