Overview
MarketsMedia quoted Steptoe Financial Services partners John Collins, Micah Green, and Matthew Kulkin in a March 10 article titled “‘Govie’ Market Structure Assessed.” The article discusses the first phase of the US Department of the Treasury’s review of the market structure for government bonds, or ‘govies,’ which will end when the department’s request for information’s (RFI) comment period closes later this month. The article features comments from Messrs. Collins, Green and Kulkin that were made during a March 10 webinar Steptoe hosted on the evolution of the Treasury securities market.
Mr. Green, who leads the firm’s Financial Services practice, is optimistic that those who wrote the RFI already were aware of the nuances between on-the-run and off-the-run instruments, as it pertains to regarding regulation, transparency, fairness, and liquidity. “Sometimes those arguments fall on potentially uninformed ears. They’re not ill-intending ears, but just under-informed ears,” he says.
The full article can be read at MarketsMedia.
