Bloomberg -- Morgan Stanley is expanding the types of debt it buys as deposits increase with the purchase of its brokerage venture and interest rates remain near record lows.

Morgan Stanley added $677 million of collateralized debt obligations to its available-for-sale portfolio in the first quarter and increased its corporate bond holdings to $3.53 billion, according to a regulatory filing yesterday. The portfolio was invested solely in government and agency debt and U.S.-backed student loans at the end of 2011.

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