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Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression

Kenneth D. Garbade

Published in print:
2012
Published Online:
August 2013
ISBN:
9780262016377
eISBN:
9780262298674
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016377.001.0001
Subject:
Economics and Finance, Econometrics

The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned $8.2 trillion of new securities, ranging from four-day bills to thirty-year bonds, in 283 ... More


Treasury Debt Management during the New Deal

Kenneth D. Garbade

in Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression

Published in print:
2012
Published Online:
August 2013
ISBN:
9780262016377
eISBN:
9780262298674
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016377.003.0019
Subject:
Economics and Finance, Econometrics

This chapter examines Treasury debt management during the New Deal, from the spring of 1933 to mid-1939. Treasury Secretary Morgenthau accomplished two debt management objectives that were most ... More


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