Fischer Francis Trees and Watts in New York fixed-income investment management firm. Portfolio manager to purchase $ 375 million of 5-year bonds at the auction of the Treasury. Unlike previous auctions, but this is the first time the Treasury will auction mentioned in the same price "Dutch" auction. Provides an opportunity for students to study the primary and secondary market for government securities, auction theory, and financial market structure. "Hide
by Erik Sirri Source: Harvard Business School 16 pages. Publication Date: November 23, 1992. Prod. #: 293056-PDF-ENG
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