How much auction information is too much?

Some people aren’t terribly happy with the way government debt is sold in the US and UK. Some even say using auction data and game theory that full pre-auction informatoin sharing between dealers and investors would raise $4.8bn more revenue for the US…

Some people aren't terribly happy with the way government debt is sold in the US and UK. Some even say using auction data and game theory that full pre-auction informatoin sharing between dealers and investors would raise $4.8bn more revenue for the US Treasury each year than a fully closed bidding mechanism where no information is shared.

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