Wall Street’s biggest bond dealers are joining hedge funds in loading up on Treasuries as the outlook for inflation tumbles.
JPMorgan Chase & Co., Citigroup Inc. and the 20 other companies that trade with the Federal Reserve increased their holdings to a net $42 billion in data reported last week, the highest level in four months. Large speculators including hedge funds boosted their positions in Treasury 10-year futures to a net 65,642 contracts, the most in two years.
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