Internet reports that U.S. Treasury Secretary Basent said regulators may lift a rule that has long restricted banks 'trading in U.S. Treasury bonds this summer. Bessent said he was very close to taking action on the Supplementary Leverage Ratio (SLR) rule. He pointed out that the three major banking regulators, the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC), are addressing this issue, and "I think we may see results in the summer." Existing SLR rules require banks to retain corresponding capital when trading U.S. Treasuries, and Besent said that removing this rule could lower U.S. Treasury yields by tens of basis points.