‘Very little support’ for a US Treasury clearing mandate – Isda
Dealers and clients prefer carrot to stick in efforts to improve Treasury market liquidity
The idea that dealers and investors should be forced to clear all trades in US Treasury bonds has “very little support” from the industry, according to a survey conducted by the International Swaps and Derivatives Association.
“Our survey shows there’s currently very little consensus on the impact of increased clearing in the US Treasury market, suggesting further research on the costs and benefits is necessary,” noted Isda chief executive Scott O’Malia. “We support the aims of US policy-makers
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