BofA grows securities book, but shuns US Treasuries

The bank adds $78.7bn in Q2, mostly in the held-to-maturity book

Bank of America grew its debt securities book 9.2% to $935.7 billion in the second quarter, piling into mortgage-backed securities (MBSs) but refraining from yet more purchases of US Treasuries.

The bank’s held-to-maturity (HTM) book – virtually all MBSs guaranteed by US agencies – grew 13.1% to $651.4 billion over the three months to June 30, marking the seventh consecutive quarterly rise.

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