Publications
Publications
- November 1992 (Revised July 1993)
- HBS Case Collection
Fischer Francis Trees & Watts
By: Erik R. Sirri
Abstract
Fisher Francis Trees & Watts is a New York fixed-income investment management firm. A portfolio manager needs to purchase $375 million of 5-year notes at the Treasury auction. Unlike previous auctions, however, this is the first time the Treasury will auction the notes in a single-price "Dutch" auction. Provides the opportunity for students to study the primary and secondary market for government securities, auction theory, and financial market structure.
Keywords
Citation
Sirri, Erik R. "Fischer Francis Trees & Watts." Harvard Business School Case 293-056, November 1992. (Revised July 1993.)