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MessagePosté le: Mar 20 Juin - 02:01 (2017)    Sujet du message: The Treasury Bill Auction And The When-Issued Market: Some Répondre en citant


The Treasury Bill Auction and the When-Issued Market: Some Evidence (Classic Reprint)
by Sushil Bikhchandani



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Excerpt from The Treasury Bill Auction and the When-Issued Market: Some Evidence

At the same time these violations reveal how little is known about the market for Treasury securities.

This is in part because data are not readily available to researchers as these markets are over-the counter. Although some auction data is announced by the Department of Treasury, information on forward contracts for Treasury securities is difficult to obtain. We have gathered data on forward contract prices by calling a dealer over a three year period. We use this data to examine the link between the forward market and the auction for Treasury bills.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.







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