Yesha Yadav on Treasury Market Turmoil and Potential Solutions for Reform
Macro Musings with David Beckworth
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Fixed Income Clearing Corporations
Yesho: The Fed is going to be a critical player in this, not just as a regulator, but also as a market participant. One model that's been put forward is a purely public model for treasuries clearing. How much margin will be enough for a systemic institution of this scale? Can we actually net treasuries as easily as we might equity? Yesho: Don't expect it to solve the structural problems of the treasuries market.
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