Goldilocks’ Comments and Global Economic News Wednesday Evening 1-24-24

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Goldilocks’ Comments and Global Economic News Wednesday Evening 1-24-24

Good Evening ,

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 two parties such as foreign currency trades.

This will create less liquidity taking place in a trade, but the ability to collateralize one’s transactions will secure all parties involved.  It will shift a lot of responsibility toward the Commodities Futures Trading Commission (CFTC) where many of our new tokenized assets going forward will be governed.
This is all part of the new transition of the markets into a new digital economy. Yahoo Finance


© Goldilocks

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