- Reuters
NY Fed official tells bond market to get ready for central clearing
A top Federal Reserve Bank of New York official said Wednesday it’s time now for market participants to get prepared for new clearing rules looming in the Treasury bond market. Citing a new rule by the Securities and Exchange Commission mandating central clearing in the government bond market, Michelle Neal, who leads the New York Fed’s Markets Group, said “given the importance and scope of this market structure change, it is crucial for market participants to engage now to identify how the SEC rule affects their businesses and to develop plans for clearing eligible transactions.” “Practically speaking, these changes are expected to result in a significant migration of Treasury repo and reverse repo into central clearing,” she said, adding “principal trading firm electronic cash trading will likely move into central clearing.”
- NBC Sports BayArea
49ers' Ward thankful for eye-opening offseason trip to Africa
49ers cornerback Charvarius Ward believes his offseason trip to Africa was an eye-opening experience he never will forget.
- Autocar articles
Alfa Romeo Junior EV brings 250-mile range for £33,895
New compact crossover will go on sale later this month in electric form, with hybrid to follow
