Goldman Sachs probed in alleged rigging of Treasury market (Market Watch - March 21, 2016) [View all]

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Goldman Sachs probed in alleged rigging of Treasury market

Published: Mar 21, 2016 11:32 a.m. ET

Investigators obtain chats and emails that appear to implicate Goldman in manipulating Treasury note prices

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

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 GS, -0.70% 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...

Read more:
http://www.marketwatch.com/story/goldman-sachs-probed-in-alleged-rigging-of-treasury-market-2016-03-21