Bessent Sees Easing Capital Rule on Treasuries This Summer

US Treasury Secretary Scott Bessent says a shift in the supplementary leverage ratio could bring yields down by tens of basis points during an interview with David Westin on Bloomberg Television.Source: Bloomberg

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By Chris Anstey

May 23, 2025 at 4:00 PM UTC

Updated on

May 23, 2025 at 5:28 PM UTC

Treasury Secretary Scott Bessent said that US regulators this summer may ease a rule that’s served as a constraint on banks’ trading in the $29 trillion Treasuries market.

“We are very close to moving” on the so-called supplementary leverage ratio, Bessent said on Bloomberg Television’s Wall Street Week with David Westin. He noted the three main bank regulators — the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. — are addressing the issue.