Two Monday morning thoughts:
1) Eliminating the penny reflects a belief that prices aren't coming down.
2) Treasury market operations are complicated. It's not hard to imagine something that's totally regular will appear irregular to someone who's unfamiliar with how it works.
1) Eliminating the penny reflects a belief that prices aren't coming down.
2) Treasury market operations are complicated. It's not hard to imagine something that's totally regular will appear irregular to someone who's unfamiliar with how it works.
Comments
I still don't know why that is the standard practice in the US, especially for small goods