Samim Ghamami on How to Reform the Treasury Market
Manage episode 434985644 series 3563504
Samim Ghamami is an economist at the Securities and Exchange Commission (SEC), where he has been working on reforming the US Treasury market, and he joins David on Macro Musings to talk about these efforts. Samim and David also discuss the long run path of interest rates, the basics of the Treasury market, Samim’s outlook for Treasury market reform, and much more.
DISCLAIMER: Samim’s views are his own and do not represent those of his SEC colleagues, the commissioners, or the Chair.
Transcript for this week’s episode.
Samim’s Twitter: @GhamamiSamim
Samim’s website
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Timestamps:
(00:00:00) – Intro
(00:00:58) – Samim’s Journey to the SEC
(00:05:47) – Breaking Down the Size and Composition of the Treasury Market
(00:10:25) – Explaining the Long Run Path of Interest Rates
(00:18:48) – The Key Segments of the Treasury Market
(00:28:25) – Central Clearing as a Treasury Market Reform
(00:34:40) – Picking the Most Effective Treasury Market Reform
(00:37:39) – Samim’s Future Outlook for Other Treasury Market Reforms
(00:43:46) – Addressing Risk Concentration Concerns
(00:48:26) – Outro
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