Tag: Federal Reserve Bank of New York
FILS USA: Has US Treasury clearing mandate killed all-to-all trading for...
While there are still questions around the effect of US Treasury reforms on market structure, many buy-side traders will be focused on the impact...
JP Morgan restricted from onboarding new venues and fined US$350 million
JP Morgan has been fined US$350 million and may not onboard new trading venues without receiving prior written non-objection from the Federal Reserve Bank...
Treasury bill supply and ON RRP investment
By Gara Afonso, Marco Cipriani, Catherine Huang, Gabriele La Spada, and Sergio Olivas.
Take-up at the Federal Reserve’s Overnight Reverse Repo Facility (ON RRP) increased...
US Treasuries lost its ‘sell-side’; can clearing and capital rules revive...
Market participants report the current proposals by the US Securities and Exchange Commission (SEC) to centrally clear trades in the US Treasuries market are...
Michelle Neal: On taking great responsibility
Having managed the market divisions at several top-tier financial institutions, Michelle Neal is now responsible for supporting the most significant fixed income market in...
New York Fed economists see US Treasury liquidity at crisis levels
Current US Treasury market liquidity is comparable with the 2007-09 global financial crisis and the March 2020 crisis, particularly for the two-year note, according...
The $21.6 trillion question: How many regulators does it take to...
The US$21.6 trillion US Treasury market is confounded by a lack of transparency and very short-term liquidity provision, according to a new joint staff...
How traders weathered the Treasury sell-off
The US Treasury’s auction of seven-year notes last Thursday saw the lowest investor appetite ever, according to some sources, leaving primary dealers holding the...
Brookings Institution: Loose ends in the US Treasury market
A paper published by Nellie Liang, the Miriam K. Carliner senior fellow in Economic Studies at the think tank Brookings Institution and Pat Parkinson,...
Editorial: Oversight of US bond markets is broken
Oversight of the US bond markets is broken. The world’s sixth largest bank by assets, JP Morgan, was able to manipulate the US Treasury...
