“New Transition” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 1-24-24

Goldilocks and Seeds of Wisdom A Rewiring of the World’s Biggest Bond Market Will Transform Trading“Securities and Exchange Commission Chair Gary Gensler, who once oversaw federal debt management at the US Treasury, has championed a move to require the vast majority of Treasuries trading to migrate to a central counterparty clearinghouse — an intermediary between buyers and sellers that assumes ultimate responsibility for the transaction.” This movement of the Bond Market or US Treasuries to a Central Clearing House for Market transactions creates a burden of care upon the dealers to screen their clients more carefully in trading transactions between…