On December 13, 2023, the U.S. Securities and Exchange Commission (SEC) adopted a Final Rule under the Securities Exchange Act of 1934 (the Exchange Act) to require central clearing of certain secondary market transactions involving U.S. Treasury securities (USTs).1The...
Market participants report the current proposals by the US Securities and Exchange Commission (SEC) to centrally clear trades in the US Treasuries market are soon to be published. Market making in the US Treasuries market has been declining for ten years, and vanished completely in March 2020, a...
7 Best Treasury ETFs to Buy Now Fixed-income experts suggest staying on the short end of the yield curve for safety and income. Tony DongFeb. 11, 2025 Freelancer Retirement Options Retirement planning can be tricky for freelancers, but there are options to secure your future. ...
In 2023, the SEC finalized more rules than were proposed for the first time under Gensler’s tenure, bringing new requirements in areas ranging from cybersecurity disclosures to US Treasury securities clearing to private fund transparency. The SEC plans to finalize a number of rules in 2024 as ...
The Securities and Exchange Commission has proposed an expansion of central clearing for US Treasuries, while a number of regulators have warned that Treasury basis trades may destabilise financial markets due to hedge funds building up leveraged short positions in US Treasury futures. ...
By the end of this year, the first phase of the US Securities and Exchange Commission’s (SEC) Treasury clearing mandate is scheduled to come into force, affecting users of US Treasury securities all over the world. It’s difficult to overstate how big a deal this is, and a huge amount...
US Treasury market participants have called for post-trade transparency and universal clearing services to revive a decades-old market structure that has struggled to meet the demands of a surge in electronic trading and the accompanying influx of new participants. As part of the biggest fundamental...
The Secured Overnight Financing Rate (SOFR), a measure of the cost of borrowing cash overnight collateralized by Treasury securities, jumped to 5.38% on Monday, its highest since the end of July, New York Federal Reserve data released on Tuesday showed. The rat...
Treasury Secretary Janet Yellen used special measures provided to her as a result of 9/11 and the Patriot Act to issue a notice of proposed rulemaking (NPRM) that would classify virtual currency mixing as a class of transactions of primary money laundering concern. The public will have 90 days...
treasury bonds and corporate securities, and derivatives trades. Further, financial institutions engage in commercial paper and securities repurchase agreements (repo) markets that contribute to liquidity in the U.S. economy. In the United States, some of the key payment, clearing, and settlement (...