Add to ORKGThis 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 dispersion, is positively related to the bid-to-cover ratio but is negatively associated with the percentage of accepted competitive bids as well as the percentage of noncompetitive bids. Post-auction returns are positively related to demand at auction. The findings suggest the existence of arbitrage opportunities resulting from the price discrepancy between the auction and the secondary market when the demand for Treasury securities at auction is high
The article discusses methods used in auctioning Treasury securities in Poland. Treasury auctions ar...
We use empirical properties of market bid functions in Treasury bill auctions to analyze the Treasur...
The paper examines the bidders behaviour in the Colombian government bond auctions during 2007 for t...
This study empirically analyzes the demand for Treasury securities at auctions over the period Octob...
Auctions, as selling mechanisms, have existed for well over two thousand years. Today, one of the mo...
The U.S. Treasury Department now releases fuller information about its auctions than in the past, in...
Most discussions of treasury auction design focus on the choice between two methods for issuing secu...
Empirical study of market demand functions in treasury bill auctions This empirical study analyzes ...
In this study we examine the secondary-market response of U.S. Treasury interest rates to the releas...
Treasury debt and other divisible securities are traditionally sold in either a pay-your-bid(discrim...
We show that Treasury security prices in the secondary market decrease significantly before auctions...
We analyze bidding data from uniform price auctions of US Treasury bills and notes between July 2009...
We empirically examine the link between the when-issued market and the auction for Treasury bills. W...
In this study we examine the secondary-market response of U.S. Treasury interest rates to both the r...
This paper examines the Italian primary market of Treasury bonds by considering the uniform-price au...
The article discusses methods used in auctioning Treasury securities in Poland. Treasury auctions ar...
We use empirical properties of market bid functions in Treasury bill auctions to analyze the Treasur...
The paper examines the bidders behaviour in the Colombian government bond auctions during 2007 for t...
This study empirically analyzes the demand for Treasury securities at auctions over the period Octob...
Auctions, as selling mechanisms, have existed for well over two thousand years. Today, one of the mo...
The U.S. Treasury Department now releases fuller information about its auctions than in the past, in...
Most discussions of treasury auction design focus on the choice between two methods for issuing secu...
Empirical study of market demand functions in treasury bill auctions This empirical study analyzes ...
In this study we examine the secondary-market response of U.S. Treasury interest rates to the releas...
Treasury debt and other divisible securities are traditionally sold in either a pay-your-bid(discrim...
We show that Treasury security prices in the secondary market decrease significantly before auctions...
We analyze bidding data from uniform price auctions of US Treasury bills and notes between July 2009...
We empirically examine the link between the when-issued market and the auction for Treasury bills. W...
In this study we examine the secondary-market response of U.S. Treasury interest rates to both the r...
This paper examines the Italian primary market of Treasury bonds by considering the uniform-price au...
The article discusses methods used in auctioning Treasury securities in Poland. Treasury auctions ar...
We use empirical properties of market bid functions in Treasury bill auctions to analyze the Treasur...
The paper examines the bidders behaviour in the Colombian government bond auctions during 2007 for t...