The US Treasury market preps for plumbing overhaul
Changes are coming to the US Treasury market with potential new clearing houses, access models, and more flow as the industry gets ready to meet the SEC’s first deadline for central clearing.
It was June of 1775, and the Second Continental Congress had a problem. As the governing body of the 13 Colonies, the Congress was on the verge of taking the extraordinary step of formally declaring war on Great Britain. It was also a year away from formally declaring independence from King George III. Two months earlier, the Battles of Lexington and Concord in Massachusetts had marked the beginning of the American Revolutionary War, leading the delegates to organize the Continental Army and
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