Treasury Department Announces Request for Information on Treasury Market Transparency

The U.S. Department of the Treasury, in consultation with the Inter-Agency Working Group on Treasury Market Surveillance, has taken the next step in its work to bolster Treasury market resilience by publishing a request for information (RFI) to solicit public feedback on additional post-trade data transparency in the Treasury securities market. Treasury hopes the RFI will produce comments from the public on ways to increase transparency in the Treasury market to help ensure it continues to be liquid and stable. Under Secretary of the Treasury Nellie Liang said. “The Treasury market has grown significantly relative to the balance sheets of traditional intermediaries, and technology, trading, and investment practices have evolved substantially in recent years.” Among other things, Treasury is seeking feedback on the potential benefits and risks of several options to build on existing public transparency, including the timing of reporting of transactions and measuring liquidity. The public comment period will remain open for 60 days.