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US Companies Begin To Reduce Bond Holdings After Tax Overhaul
FYI: US companies’ pile of bond investments is shrinking as they prepare to radically change the way they spend their excess cash. The biggest 30 corporate stockpiles of securities shrank 10 per cent, or $61bn, in the first quarter to $524bn, according to an FT analysis of public filings. Regards, Ted https://www.ft.com/content/e4bf84b6-56a3-11e8-b8b2-d6ceb45fa9d0
