Fed’s Bowman to ‘prioritise’ SLR exemption for US Treasuries
Reinstating Covid-era relief is a ‘no brainer’, dealers say, as bond markets reel from tariff chaos
Federal Reserve governor Michelle Bowman will reassert her commitment to exempting US Treasuries from the supplementary leverage ratio (SLR) at her nomination hearing before the Senate Banking Committee on April 10.
A senior rates trader at a US bank described the proposed capital relief as a “no brainer”, which could help stabilise a market that has faced serious dysfunction in the chaotic five trading days since US President Donald Trump unveiled his sweeping tariff plans on April 2.
Bowman was
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