Raising the Curtain on Treasuries
Following is the link to FlexTrade’s latest blog post by Ivy Schmerken titled, “Raising the Curtain on Treasuries."
From the article:
U.S. regulators are pushing for more transparency into the $13 trillion US Treasury market after several regulatory agencies found that the government securities market is more opaque than they realized.
On May 16, the Treasury Department and the Securities Exchange Commission said they are working to explore collecting U.S. cash market transaction information. The two agencies have requested that the Financial Industry Regulatory Authority (FINRA) consider a proposal that would require member brokers and dealers to report Treasury cash market transactions to a centralized repository, according to the statement.
FINRA already aggregates and shares all of the corporate bond trades through its TRACE system, but the Treasury doesn’t have a trade-reporting requirement, wrote the Financial Times.
The decision to create a tracking system for Treasuries comes on the heels of the Treasury Department’s holistic review (Request for Information or RFI), on the Evolution of the Treasury Market Structure, published on January 22.