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The radical changes coming to the world’s biggest bond market

Photo: J. David Ake/Getty Images
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The Financial Times

9 min read

America’s regulators say new rules will help maintain the dominance of US Treasuries, but others fear higher costs and lower liquidity.

4 March, 2024 by Kate Duguid in New York, Nikou Asgari and Costas Mourselas in London

One of Bill Clinton’s top advisers memorably said that he would like to be reincarnated as the bond market “because you can intimidate everyone”. But in recent years, the most powerful fixed-income market of all has

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