Major changes are anticipated in the world's largest bond market, with investment managers exploring a shift to the dollar for faster US stock settlement. The central clearing proposal in the Treasury market is seen as a significant transformation.
The radical changes coming to the world’s biggest bond market https://t.co/XqlZNMwudJ I wonder if central clearing of Treasuries and repo trades with Treasuries as collateral will push the basis trade risks into the futures markets margining systems?
“Kevin McPartland, head of market structure at @CoalitionGrnwch , says the central clearing proposal was “definitely a monumental change for the Treasury market”” https://t.co/mKdb3Zqbk0 via @ft @kateduguid
⚠️ MANAGERS EXPLORE DOLLAR SHIFT TO HANDLE FASTER US STOCK SETTLEMENT (Reuters) Some investment managers are looking to change the currency their funds do business in to the dollar to prevent their foreign exchange transactions from failing when U.S. securities move to a… https://t.co/eTO9avb5T4
The radical changes coming to the world’s biggest bond market via @FT definitely on the wonk-y end of the spectrum but interesting, quite the shift.. https://t.co/n745ltzqk1
The radical changes coming to the world’s biggest bond market https://t.co/ckHsBDdW1j