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Posted by Rich Carreiro on November 16, 2007, 8:28 pm
Fidelity has for a long time charged no concessions on Treasuries
bought at original auction, but this month they eliminated concessions
on secondary market Treasuries trades as well.
Of course, for the secondary market stuff they can (and will) be
making money on the spread and markups/markdowns, I imagine. Whether
they will increase markups/markdowns to make up for eliminated
concession, who knows. Apply the level of cynicism you deem proper :)
--
Rich Carreiro rlc-news@rlcarr.com
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