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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\u2019s outlook for Treasury market reform, and much more.

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DISCLAIMER: Samim\u2019s views are his own and do not represent those of his SEC colleagues, the commissioners, or the Chair.

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Transcript for this week\u2019s episode.

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Samim\u2019s Twitter: @GhamamiSamim

Samim\u2019s website

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Timestamps:

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(00:00:00) \u2013 Intro

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(00:00:58) \u2013 Samim\u2019s Journey to the SEC

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(00:05:47) \u2013 Breaking Down the Size and Composition of the Treasury Market

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(00:10:25) \u2013 Explaining the Long Run Path of Interest Rates

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(00:18:48) \u2013 The Key Segments of the Treasury Market

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(00:28:25) \u2013 Central Clearing as a Treasury Market Reform

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(00:34:40) \u2013 Picking the Most Effective Treasury Market Reform

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(00:37:39) \u2013 Samim\u2019s Future Outlook for Other Treasury Market Reforms

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(00:43:46) \u2013 Addressing Risk Concentration Concerns

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(00:48:26) \u2013 Outro