Treasury Investigation Clears Staff in Leak
The U.S. Treasury’s inspector general cleared department officials of wrongdoing in the premature release of the government’s decision to stop issuing 30-year bonds, according to an internal report.
“This investigation did not develop any evidence of unauthorized disclosure of market-sensitive information by Treasury employees,” said the report, dated Jan. 2.
It was obtained through a Freedom of Information Act request to Treasury Inspector General Jeffrey Rush.
Rush’s inquiry is part of a wider investigation into Treasury’s surprise announcement Oct. 31 that it will stop issuing the 30-year bond.
The Securities and Exchange Commission is investigating whether any laws were violated after the long bond had its biggest rally in 14 years in the minutes before the announcement.
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