Treasury holdings at Wall Street's biggest banks hit 2-year record

Singapore

WALL Street's biggest banks boosted their Treasury holdings to the highest level in more than two years, and one of them says that's a warning sign for the market.

The 22 primary dealers including Goldman Sachs Group Inc and Citigroup Inc that underwrite the US debt and make a market in the securities held US$113.5 billion of Treasuries in the week ended Feb 10, based on the most recent central bank data. The amount is the most since October 2013.