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U.S. Treasury Markets: Steps Toward Increased Resilience (Status Update 2022)

This report provides an update to the July 2021 publication by the G30 Working Group on Treasury Market Liquidity.

The Status Update report summarizes what has been accomplished and what remains undone with respect to five key issues: central bank liquidity support for Treasury market functioning; central clearing of trades of Treasury securities and Treasury repos; prudential regulation of dealers; market transparency; and market regulation. It offers some suggestions for prioritizing and sequencing reform efforts going forward and reviews each recommendation in light of the rationale and progress made.

Categories: Recommended Readings
Author: G30