Merrill Lynch's 'US Bank Chart Of The Week' Shows US Banks Buying TSY's 1-5YR Range Not 5-10YR Range

Chart Here

"According to FDIC data, banks have increased its holdings of US Treasury securities by $306bn, or 300% since the end of 2009. That said, the lion’s share of bank buying (we use the big four banks as the proxy) has been in 1-5year maturities, with only 7% of Treasury purchases occurring in the 5-10year range."