Wall Street dealers boost Treasury holdings to highest level since 2007

wall street dealers have pushed their treasury holdings to the highest level since 2007, according to new data. the trump administration's push to cut regulations is prompting big banks to facilitate more trading in government debt. the holdings increase comes as dealers take on more inventory to support client trading. the previous peak in 2007 preceded the financial crisis, when dealer balance sheets were much larger relative to the market. the regulatory rollback is a key factor — banks now have more capacity to hold bonds on their books without the same capital constraints.