Trading volume fell by half on Wednesday even as dealers unloaded over $1 billion in bonds to customers ahead of the Thanksgiving holiday.
Volume traded by the afternoon fell 47.1% compared with the average of the previous five Wednesday trading sessions with $2.452 billion traded. Dealers selling bonds to customers made up almost half of the activity, with $1.13 billion sold. Dealers bought from customers $756.3 million in bonds. Interdealer activity totaled $562.7 million of all trades, or 23%.