FMQ 2024

Nellie Liang, U.S. Department of the Treasury keynotes at FMQ 2024

September 23, 2024 Version: 4

Nellie Liang, Under Secretary for Domestic Finance, U.S. Department of the Treasury joined us at FMQ to provide an overview of the current state of the Treasury market and the Treasury’s efforts to strengthen market resilience by increasing data availability, enhancing trading venue transparency, and more.

When asked about how the Treasury plans to help reduce volatility amid interest rate uncertainty, Liang said that the Treasury’s role isn’t to reduce volatility, but to make sure the markets can endure volatility. “Regulators try to make the markets work and put the structure in place, but participants determine the prices and the quantities.”