Federal Reserve launches leak inquiry “various workers at Congress and at trade bodies. A whole day early” – ( Corruption ? )

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There must be some seriously red faces at the Federal Reserve today, after its minutes were accidentally punted to various workers at Congress and at trade bodies. A whole day early.

US Treasury bonds have weakened in value slightly today, pushing up the yield on its 10-year debt by around 3 basis points (to 1.779%). Not a big move — but, heck, any market move means profits or losses for someone.

The Fed has said that its Inspector General has been asked to investigate the early release of minutes, and that it does not know if any insider trading rules have been breached….

The mistake has caused much excitement in the markets.

 

See the Fed minutes

You can download the minutes of the Federal Reserve’s last meeting – rushed out five hours early after that leak – by clicking here (pdf).



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