The Organization and Performance of Fixed-Income Markets

Chester S. Spatt, Mellon Bank Professor of Finance; former Chief Economist, SEC Business Readings

Organization and Performance of Fixed-Income Markets" in Vienna on December 16, 2004. I gratefully acknowledge stimulating conversations with Amy Edwards, Bruno Biais, Jerry Lumer, Mike Piwowar and especially, Jonathan Sokobin, as well as comments from conference participants. The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This presentation expresses the author's views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.

Chester Spatt
Mellon Professor of Finance and director of the Center for Financial Markets
Former Chief Economist and Director, Office of Economic Analysis
U.S. Securities and Exchange Commission
Vienna
December 16, 2004

Presented at the Second MTS Conference on Financial Markets
http://www.sec.gov/news/speech/spch121604cs.htm