Goldman said one of firms in focus in Treasury market probe

Dog Detective

Washington’s probe into the alleged rigging of the $13tril US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The New York Post says.

The newspaper reports that in addition, European authorities have opened up their own investigation into possible Treasurys bid-rigging, sources said.

Investigators in the fraud division of the Justice Department have obtained chats and e-mails from Goldman that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.

Those chats and e-mails are being analyzed to determine if traders at other banks could be involved with any possible bid-rigging of US government debt, those two people said.

The identities of any traders in investigators’ cross-hairs couldn’t be learned.

To access the complete New York Post article hit the link below:

Sachs probed in alleged Treasury rig: sources

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