Bond News Leak Worse Than Thought
Reuters
An internal review has found the Treasury Department’s accidental leak of its market-sensitive announcement on the 30-year bond last fall was worse than initially disclosed.
According to a Treasury inspector general’s report, the news release regarding the suspension of issuance of the 30-year bond appeared on a Treasury Web site at 9:43 a.m. EST on Oct 31.
The 17-minute gap between the Web posting and the slated 10 a.m. embargo time was larger than previously disclosed.
In any case the news had leaked out even before Treasury’s Web foul-up. A member of the Treasury’s debt advisory panel and a principal at a New Jersey analysis firm had said they had heard about the news before the official release.
