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Birth of a MarketThe U.S. Treasury Securities Market from the Great War to the Great Depression$
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Kenneth D. Garbade

Print publication date: 2012

Print ISBN-13: 9780262016377

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262016377.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 July 2021

Revival of the Over-the-Counter Market

Revival of the Over-the-Counter Market

(p.184) (p.185) 13 Revival of the Over-the-Counter Market
Birth of a Market

Kenneth D. Garbade

The MIT Press

This chapter describes the evolution of the secondary market for Treasury securities during the 1920s. The first part examines the development of an over-the-counter market for certificates of indebtedness. The second part explains the return of trading in Treasury bonds to the over-the-counter market.

Keywords:   Treasury securities, secondary market, Treasury bonds, certificates of indebtedness

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