US Treasuries' Trading Quietly Under Transformation, Panel Says

Much of the discussion about treasuries e-trading actually begins with what's going on in two other fixed-income asset classes: corporate bonds and swaps. For the overhauled swaps market especially, two immediate knock-on effects have presented themselves for venues covering government bonds. The first, says John Griffin, Jr., senior risk manager at Hartford Investment Management Co., is that margin and clearing requirements demand vanilla treasuries be made available more widely as backing for
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