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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: 19 January 2021

Revival of the Over-the-Counter Market

Revival of the Over-the-Counter Market

Chapter:
(p.184) (p.185) 13 Revival of the Over-the-Counter Market
Source:
Birth of a Market
Author(s):

Kenneth D. Garbade

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262016377.003.0013

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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