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Pile of unwanted Treasuries shows cracks in market

Primary dealers' stash of Treasuries reaches US$121 billion in February, the most since October 2013

The world's biggest bond dealers - including Bank of America Corp - are struggling to get rid of the burgeoning pile of debt.

New York

THE world's biggest bond dealers are getting saddled with Treasuries that they cannot seem to easily get rid of, adding to evidence of cracks in the US$13.3 trillion market for US government debt.

The 22 primary dealers held more Treasuries last month than any time in the...

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