“Having access to an abundance of data is a wonderful problem to have,” Williams said.
“It’s important that we continue to prioritize transparency and clarity in data, especially financial market data.
In separate comments for the conference, Michelle Neal, who leads the bank’s Markets Group, also touted the need for more transparency in the bond market.
“I am looking forward to the increased transparency in on-the-run transaction data” industry participants are working toward, Neal said.
“Looking further ahead, we should consider whether to take additional steps toward increased transaction transparency across the Treasury universe, especially for the less liquid segments of the Treasury market, such as the off-the-run market, where transparency is currently limited.”Neal noted that the off-the-run section of the Treasury market was where market issues were concentrated in March 2020, as the coronavirus pandemic sent investors thundering toward cash, upending market functioning.
Persons:
John Williams, Carlo Allegri, ” Williams, “, Williams, Michelle Neal, Neal, ” Neal, Michael S, Chizu
Organizations:
Federal Reserve Bank of New, REUTERS, Federal Reserve Bank of New York, Treasury, bank’s Markets, Thomson
Locations:
Federal Reserve Bank of New York, New York, U.S