Whitepaper: The New Treasury Market Paradigm

Changes in banking regulations have contributed to bank balance sheet pressures, as evidenced by persistently negative swap spreads. This has led to increased demand for off-balance sheet Treasury exposure and continued growth of futures markets relative to cash Treasury securities. This new resource examines the evolution of liquidity in both cash and futures markets as well as other important factors such as settlement fails in cash Treasuries. Read More

RISK DISCLAIMER: Trading in futures products entails significant risks of loss which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance. The information contained herein is provided to you for information only and believed to be drawn from reliable sources but cannot be guaranteed; Phillip Capital Inc. assumes no responsibility for errors or omissions. The views and opinions expressed in this letter are those of the author and do not reflect the views of Phillip Capital Inc. or its staff.