Fear Isn’t the Only Driver of the Treasury Rally: Banks Need to Hedge Their Mortgages

Wall Street Journal, Mar. 6, 2020–Julia-Ambra Verlaine (subscription)
Banks need to buy around $1.2 trillion of 10-year Treasurys to offset risks on mortgages and bank deposits.
https://www.wsj.com/articles/fear-isnt-the-only-driver-of-the-treasury-rally-banks-need-to-hedge-their-mortgages-11583470802