The Treasury Market Practices Group(TMPG) first published a set of best practice recommendations for the Treasury market in May 2007.  Following the TMPG’s expansion in its scope beyond the Treasury market to include the promotion of best practices related to trading and settlement in the agency debt and agency MBS markets, the TMPG has published "Best Practices for the Treasury, Agency Debt, and Agency MBS Markets."  These best practices aim to promote market integrity and efficiency by recommending general guidelines for promoting market liquidity, maintaining a robust control environment, managing positions responsibly, and promoting efficient market clearing.  The best practices document is a “living document” that will be updated as needed over time. 

As always, the TMPG welcomes feedback on its ongoing work or suggestions for improved market practice.