ISDA: Attention Needed on Treasury Bond Swaps Between Europe and the US

The International Swaps and Derivatives Association (ISDA) issued warnings regarding Europe’s plans concerning the swaps of US Treasury bonds.

The International Swaps and Derivatives Association (ISDA), an international derivative industry organization, has issued warnings regarding plans concerning the trading of US Treasury bonds in Europe.

ISDA emphasized the need for careful implementation of these plans in Europe concerning the mandatory clearing of transactions involving US Treasury bonds.

Scott O’Malia, CEO of ISDA, highlighted the critical nature of maintaining access to Treasury bonds and continuity in trading in this market.

Meanwhile, Wall Street is awaiting the completion of rules by the U.S. Securities and Exchange Commission (SEC) that could affect the clearing of trades in the $25 trillion Treasury bond market, one of the world’s deepest and most liquid markets. There continues to be curiosity about how these steps might impact market stability and flexibility

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