The Department of Justice is looking into possible manipulation of the $12.5 trillion Treasuries market, The Post has learned.
Justice lawyers, believed to be in the early stages of a probe, have reached out in recent months to at least three of the 22 banks that act as primary government debt dealers and requested information regarding auctions of Treasury debt, said one person close to one of the banks that received the request.
No single bank has become the focus of the probe, it is believed, and no bank has been accused of any wrongdoing. In addition, there is no guarantee that the requests for information will turn up any evidence of manipulating Treasury auctions.
A spokesman for the DOJ on Sunday declined comment on the matter.