Federal Reserve and Treasury on Fails
January 5th, 2009 3:27 pm | by John Jansen |The Treasury and the Fed have just released updated proposals on the mechanics handling the fail problem in the Treasury market. I have not had a chance to read them and will not until later this evening. I will leave the three links below for those who wish to peruse the material and I will try to comment tomorrow.
http://www.ny.frb.org/tmpg/pr090105c.pdf
