BofA slashed AFS Treasuries holdings by 36% in Q1

Partial sale of securities portfolio crystallises $200 million of paper losses

Bank of America slashed $58 billion of US Treasuries held in its available-for-sale (AFS) portfolio in the first quarter, among top US dealers’ biggest bid yet to cauterise mark-to-market losses on bond holdings.

Holdings of Treasuries, when measured at amortised cost, fell 36% from end-December to $102.9 billion. The overall AFS book shrank 26% to $166.3 billion.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t]

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here