bank-dealers of core sovereign

bank-dealers of core sovereign

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Major bank-dealers of core sovereign bond markets have expanded their government bond holdings, but not in proportion to the growth in the size of outstanding bonds. For example, in the United Kingdom, gilts grew twice as fast as UK bank-dealer balance sheets, as we showed in the October 2023 Global Financial Stability Report. The stock of US Treasury securities grew nearly fourfold in the 15 years through 2023, while US bank-dealer balance sheets expanded by just 1.5 times. As a result, US Treasury securities account for almost 70 percent of primary dealers’ securities inventories, the highest share in over a decade, while about three-quarters of their securities financing is also collateralized by Treasuries. The challenge is that dealers’ internal limits สล็อต เว็บตรง