Banks Are Hoarding $2.4 Trillion of Bonds

If the world's biggest economy is really on the upswing, then why are America's banks stockpiling a record amount of ultrasafe bonds?

After all, jobs are back, the Federal Reserve is close to raising interest rates again and growth has perked up after a sluggish first half. But instead of ramping up lending to keep up with deposits, banks are plowing into U.S. government and related debt at the fastest clip since 2014.

Read more... http://www.bloomberg.com/news/articles/2016-10-30/banks-amass-2-4-trillion-hoard-of-bonds-as-bofa-leads-stampede