Monday, June 8, 2015

Justice Department probes banks for rigging Treasuries market

The Department of Justice is looking into possible manipulation of the $12.5 trillion Treasuries market, The Post has learned.

Justice lawyers, believed to be in the early stages of a probe, have reached out in recent months to at least three of the 22 banks that act as primary government debt dealers and requested information regarding auctions of Treasury debt, said one person close to one of the banks that received the request.

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