The microstructure of the u.s. treasury market
By: by Bruce Mizrach and Christopher J. Neely
Contributors: Neely, Christopher J.; Federal Reserve Bank of St. Louis
Series: Working paper -- 2007-052A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2007-052A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2007
Place of publication: St. Louis, Mo.]
Language: eng
Format: [electronic resource] /
Description: "This article discusses the microstructure of the U.S.  Treasury securities market.  Treasury securities are nominally riskless debt instruments issued by the U.S.  government.  Microstructural analysis is a field of economics/finance that examines the roles played by heterogenous agents, institutional detail, and asymmetric information in the trading process.  The article describes types of Treasury issues; stages of the Treasury market; the major players, including the role of the Federal Reserve Bank of New York and the interdealer brokers; the structure of both the spot and futures markets; the findings of the seasonality/announcement and order book literature; and research on price discovery.  We conclude by discussing possible future avenues of research"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 12/17/2007.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.