Treasury Market's Overlords Tackle Key Question of Transparency
- Regulators gather with industry Tuesday at New York Fed
- Primary focus is whether trading data will be made public
Steven Mnuchin
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
As Treasury Secretary Steven Mnuchin and other overseers of the $14.3 trillion U.S. government bond market gather Tuesday for a conference on the industry’s evolution, one key question looms large: Are regulators prepared to make trading data public?
The event at the Federal Reserve Bank of New York comes four months after a financial industry watchdog began assembling the trading statistics, solely for regulators’ use. Now Treasury market participants, who are among the attendees, are looking for any sign that officials support broader dissemination of the data, collected through a bond-price reporting system known as Trace.