U.S. SEC Proposes Clearing Reforms To Boost Resilience of $24 Trillion Treasury Market

WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed draft rules to boost the use of central clearing in the $24 trillion Treasury market in a bid to boost its resilience. The proposals, which would apply to cash Treasury and repurchase agreements traded by a range of firms including broker dealers and hedge funds, follow liquidity…

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