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Harry Sit recently published a good article regarding purchasing Treasuries on the secondary market. Buyers should probably purchase new-issue Treasuries in most cases. However, certain scenarios can make buying on the secondary market necessary. Link
Thank you. The article helps to better understand the mechanics of trading on secondary market with different brokerages. Smaller lots cost a bit more in terms of bid prices and lower yields. Liquidity of treasury market is huge and thus it makes trading readily.
Comments
Thanks for that tid bit of info.