Early September 2001: Unusually High Volume Trade of US Treasury Note Purchases After 9/11, both the SEC and the Secret Service announce probes into an unusually high volume trade of five-year US Treasury note purchases around this time. These transactions include a single $5 billion trade. The Wall Street Journal explains: “Five-year Treasury notes are among the best investments in the event of a world crisis, especially one that hits the US. The notes are prized for their safety and their backing by the US government, and usually rally when investors flee riskier investments, such as stocks.” The value of these notes has risen sharply since the events of September 11. The article also points out that with these notes, “tracks would be hard to spot.” [WALL STREET JOURNAL, 10/2/2001]
Posted on: Wed, 11 Sep 2013 15:44:08 +0000
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