(Bloomberg) — US regulators will begin making available key details on completed Treasuries transactions on a trade-by-trade basis in the latest push by Washington to increase transparency in the world’s biggest government bond market.
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The Securities and Exchange Commission said Wednesday that specific trades’ time, price, direction, venue, and volume would all be made public under a new rule. The regulation by the industry-backed Financial Industry Regulatory Authority, which is overseen by the SEC, was proposed last November.
SEC Chair Gary Gensler said that the rules would cover “on-the-run” Treasury securities and data would be available at the end of the day. On-the-run Treasuries refers to the most recently-issued Treasury bonds for different maturity dates. They make up about 80% of nominal Treasuries trading volume.
The data will also be reported in transaction size caps, varying by maturity…
