Investigation of inconsistency between active and non-active US-industry security quote

• Main Authors: Jiang, Xiao Zhong, Sun, Ji Chun
• Other Authors: Guo, Chen
• Format: Theses and Dissertations
• Language: English
• Published: 2008
• Subjects: DRNTU::Business::Finance::Fixed income::Bonds
• Online Access: http://hdl.handle.net/10356/7362
• Institution: Nanyang Technological University

The US treasury bills, notes, and bonds are auctioned regularly. The newly auctioned treasury securities are actively traded, their prices being used as benchmarks. These securities gradually become less active, as new securities are auctioned. Thus majorities of treasury securities are not actively...