Selection of benchmark of Govt Securities and two-way price quote

Selection of benchmark of Govt Securities and two-way price quote

A total of 30 benchmark Treasury Bonds have been selected to develop the government securities market and establish an effective yield curve. Primary dealers are instructed to provide two-way price quotes daily for selected benchmark securities, with specific minimum bid/ask requirements based on their underwriting obligation. Maximum bid-ask spreads are also defined for different maturity periods. If a primary dealer lacks tradable bonds, they must reorganize their portfolio or purchase securities within two months.