10. The excerpt below is from the November 6, 2013, letter to the U.S. Secretary of the...
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10. The excerpt below is from the November 6, 2013, letter to the U.S.
Secretary of the Treasury from the Treasury Borrowing Advisory Committee. Explain what this excerpt means.
As the electronic trading volume of on-the-run Treasury securities increases, it could enhance their liquidity and reduce future Treasury borrowing costs, especially if volumes of electronically traded off-the-run securities increase over time as well.
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Related Book For
Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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