Bahamin, Payam; Cebula, Richard; Foley, Maggie; Houmes, … - Volkswirtschaftliche Fakultät, … - 2011
This study empirically analyzes the demand for Treasury securities at auctions over the period October 1998 through July 2010 from the perspective of bid composition and the influence of demand at auction on the secondary market. The results show that the demand at auction, measured by bid...