U.S. SEC Due To Convene Meeting To Vote On Proposed Overhaul Of Regulations For $26T Treasury Market; SEC To Require Central Clearing Of All Clearing Agency Members' Repo Transactions And Interdealer Broker Sales, Purchases Of Treasuries
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) is set to hold a meeting to vote on a proposed overhaul of regulations for the $26 trillion Treasury market. The proposed changes include requiring central clearing for all repo transactions and interdealer broker sales and purchases of Treasuries.
December 13, 2023 | 3:02 pm
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NEUTRAL IMPACT
The proposed SEC regulations for central clearing in the Treasury market could indirectly affect the liquidity and stability of the market, potentially impacting ETFs like SPY that track broad market indices.
While SPY is not directly involved in the Treasury market, the proposed regulations could lead to increased market stability and liquidity, which may have a neutral to slightly positive indirect impact on the broad market indices that SPY tracks. However, the exact impact is uncertain and will depend on the final details of the regulations and their implementation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50