Michael J. Fleming

• Anomalous bidding in short-term treasury bill auctions
• Are larger treasury issues more liquid?
• Financial market implications of the federal debt paydown
• Heat waves, meteor showers, and trading volume
• Measuring treasury market liquidity
• Preserving firm value through exit
• Price formation and liquidity in the U.S. treasuries market
• Price formation and liquidity in the U.S. Treasury market
• The term structure of announcement effects
• What moves the bond market?