How Do Principal Trading Firms and Dealers Trade around FOMC Statement Releases?
Abstract: This FEDS Note examines how different types of market participants transact in the Treasury market in the periods immediately following statement releases at the conclusion of Federal Open Market Committee (FOMC) meetings. We compare intermediation patterns following scheduled statement releases with those following an unscheduled statement release.
Part of Series: FEDS Notes
Publication Date: 2020-12-31