(Bloomberg) -- Shortages of U.S. Treasuries have
become less common in the $5 trillion market for borrowing and
lending the securities since Treasury Department officials
warned Wall Street firms to end manipulative trading practices.
Failures to receive or deliver securities, an indication of
scarcity, have averaged $102.1 billion a week this year, less
than a third of their 2005 average and the fewest since 2000,
according to Federal Reserve Bank of New York data. Lending of
all debt securities by the 21 firms that trade directly with the
Fed averaged $2.5 trillion a day that year, according to the
Securities Industry and Financial Markets Association.
Read more at Bloomberg Bonds News
become less common in the $5 trillion market for borrowing and
lending the securities since Treasury Department officials
warned Wall Street firms to end manipulative trading practices.
Failures to receive or deliver securities, an indication of
scarcity, have averaged $102.1 billion a week this year, less
than a third of their 2005 average and the fewest since 2000,
according to Federal Reserve Bank of New York data. Lending of
all debt securities by the 21 firms that trade directly with the
Fed averaged $2.5 trillion a day that year, according to the
Securities Industry and Financial Markets Association.
Read more at Bloomberg Bonds News
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