US Government Securities – Operations Performance Index

NEWS

us-gov-sec

Weekly variability in operational performance, the difference between the highs and lows, during April was better (2 bps) than during the comparable October/November 2006 period (8 bps). For the past year, the Index average has generally been trending down off previous period highs, indicating a continuing improvement in the operation of this market. The shaded area on the graph shows the one-year rolling average.

Bob Fawls, Basis Point Group

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