Fed’s Mention of Bank Regulatory Relief Rivets Tense Bond Market
- Central bank governor floats changes to capital requirements
- Revisiting leverage ratio could reprice Treasuries vs swaps
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The latest signs of erosion in US rates market liquidity have refocused attention on the prospects for market-moving regulatory relief.
In a speech on capital regulation at the Institute of International Finance Friday, Federal Reserve Governor Michelle Bowman caught the attention of interest-rate swaps traders with a mention of one measure in particular.