Talking Treasury Market Policy With a Former NY Fed Trading Desk Chief

Also, Ann Wagner wants answers on Finra's `deference' to the SEC

[Note to readers: Capitol Account won’t publish Monday due to the Memorial Day holiday.]

Friday Q and A: Perhaps no part of the financial system is undergoing more fundamental changes right now than the U.S. Treasury market, which is making a massive – and some say long overdue – transition to what regulators hope will be a safer footing, after a series …