US-EU: Blinken And Barrot Downplay Greenland Comments, Indicate Gaza Progress

Jan-08 16:24

US Secretary of State Antony Blinken and French Foreign Minister Jean-Noël Barrot have spoken on a range of issues to reporters at a press conference in Paris, following a bilateral meeting earlier today.

  • At the top of the presser, both ministers note that the Lebanon-Israel ceasefire agreement is operating as planned, with a withdrawal of 30% of Israeli troops from Lebanon underway. 
  • On Gaza, Blinken says: “We’re very close to a ceasefire and hostage agreement… I hope we can get it over the line in the time we have left but if we don’t, then the plan will be handed over to the [Trump administration].”
  • Blinken reiterated that a “transformative” agreement to normalise relations between Israel and Saudi Arabia is “ready to go” if there is a ceasefire in Gaza.
  • On US President-elect Donald Trump’s proposed acquisition of Greenland, Blinken said: “The idea expressed about Greenland is obviously not a good one, but maybe more important: It’s obviously one that is not going to happen, so we probably shouldn’t waste a lot of time talking about it.”
  • Barrot says that the Franco-US relationship has survived 59 US elections, and “will survive the 60th”.
  • Barrot: “Do we think the US will take Greenland? The answer is no… That being said we are entering a period of time where force is present everywhere…”
  • Barrot quotes a comment from French President Emmanuel Macron on Monday saying that Europe needs to “wake up” and “strengthen up”.

Historical bullets

FED: US TSY 13W AUCTION: NON-COMP BIDS $2.330 BLN FROM $81.000 BLN TOTAL

Dec-09 16:15
  • US TSY 13W AUCTION: NON-COMP BIDS $2.330 BLN FROM $81.000 BLN TOTAL

FED: US TSY 26W AUCTION: NON-COMP BIDS $1.999 BLN FROM $72.000 BLN TOTAL

Dec-09 16:15
  • US TSY 26W AUCTION: NON-COMP BIDS $1.999 BLN FROM $72.000 BLN TOTAL

US DATA: NY Fed Consumer Inflation Expectations Firm A Touch

Dec-09 16:11

NY Fed consumer inflation expectations all increased a tenth in November, albeit with the 3Y metric exaggerated by rounding. The longer-term measures lag the recent increase seen in the U.Mich consumer survey where the 5-10Y dipped to 3.1% in preliminary December data after a rare push above its range to 3.2% in November. 

  • 1Y: 2.97% after 2.87%, extending a broad stabilization having averaged 2.97% for the latest six months.
  • 3Y: 2.57% after 2.54%, towards the middle of the ytd range but close to the 2.6% averaged in 2019.
  • 5Y: 2.9% after 2.8%, having been either 2.8% or 2.9% since June.