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GOVPX TOTAL VOLUME UNUSUALLY HEAVY ON TUESDAY, SEPT. 21

 NEW YORK, Sept. 22 /PRNewswire/ -- The total volume of all treasury securities traded through dealers and executed through GovPX broker contributors reached $102.639 billion on Tuesday, Sept. 21.
 This was $40 billion above the average volume of $62.9 billion a day since March 1.
 Trading was heaviest in T-bills and Two-Year active and Off-The-Run maturities at $32.9 billion and $29.8 billion respectively. This was followed by the active and Off-The-Run Five-Year issues at $19.44 billion which reflected heavy Off-The-Run trading, and active 10-Year issue at $11.31 billion. The Long Bond appeared to have 50 percent of its total volume from Off-The-Run trading.
 According to Kathleen Camilli, chief economist of Maria Fiorini Ramirez, Inc., world events were at the root of some activity.
 "Troubles between Boris Yeltsin and the Russian Parliament caused the flight to quality in the short end," Camilli said. "Also, a large buyer bought $2 billion of Two-Year notes yesterday and sold bonds."
 The normal volume range for treasury trading as reported through GovPX is from a low of $45.5 billion to a high of $80.2 billion daily.
 The daily trading high since the beginning of 1993 was $146.1 billion. The daily trading low was $29.3 billion on April 5.
 GovPX is owned by four interdealer brokers and 42 government securities dealers. It developed and delivers Prophesy, the first service to report 60 percent of brokered trades in the $4 trillion U.S. Treasury Market.
 -0- 9/22/93
 /CONTACT: James L. Horton of GovPX, 212-674-3100/


CO: GovPX ST: New York IN: FIN SU:

SH-WB -- NY052 -- 4724 09/22/93 13:18 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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