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The Treasury issues around 15bn GBP (~18bn USD) of bonds every month. There are multimillion pound "opportunities" to leak information about which bonds will be
by vegabook 4y ago
The Treasury issues around 15bn GBP (~18bn USD) of bonds every month. There are multimillion pound "opportunities" to leak information about which bonds will be issued (because that'll cause that curve sector temporarily to cheapen up). Paying the paltry sum of 55k for someone who can reasonably be expected to have access to this information, is a signal that they don't take seriously the risk of being fleeced for 2 or more orders of magnitude more than that every month.