N.Y. Banking Regulator Joins Probe of U.S. Treasuries Trading

  • Inquiry comes amid federal probe of $12.8 trillion market
  • State agency has jurisdiction over nine of 22 primary dealers

A New York regulator has joined a federal probe of banks that serve as primary dealers in the $12.8 trillion U.S. Treasuries market in an effort to determine whether traders colluded.

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