Flush with cash BofA has since 2020 loaded with mortgage bonds chasing whatever yield it can. JPMorgan by contrast has

Flush with cash BofA has since 2020 loaded with mortgage bonds chasing whatever yield it can. JPMorgan by contrast has not increased its portfolio. Balance sheet constraints? Different view of interest rate? Hedging? This by @rbrtrmstrng is interesting!
ft.com/content/41a105… https://t.co/D9JdqtSkf7

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