BUNDS: Buxl leads Bund to the top of the tight range

POTUS Trump via Truth Social: "Housing in our Country is lagging because Jerome “Too Late” Powell refuses to lower Interest Rates. Families are being hurt because Interest Rates are too high, and even our Country is having to pay a higher Rate than it should be because of “Too Late.” Our Rate should be three points lower than they are, saving us $1 Trillion per year (as a Country). This stubborn guy at the Fed just doesn’t get it — Never did, and never will. The Board should act, but they don’t have the Courage to do so!"

• FRBNY EFFR for prior session:
  • Daily Effective Fed Funds Rate: 4.33% (+0.00), volume: $107B
  • Daily Overnight Bank Funding Rate: 4.33% (+0.00), volume: $273B
• Repo Reference Rates from earlier -
  • Secured Overnight Financing Rate (SOFR): 4.28% (-0.02), volume: $2.692T
  • Broad General Collateral Rate (BGCR): 4.27% (+0.00), volume: $1.115T
  • Tri-Party General Collateral Rate (TCR): 4.27% (+0.00), volume: $1.092T
  • (rate, volume levels reflect prior session)

CIBC write “the FTSE Canada Universe Bond Index will experience a notable extension of +0.054yrs on August 1 with Canada Aug 1/26 bond (C$21.46bln) rolling out of the index. Payment of approximately C$1.4bln in August 1 coupons will extend the Universe Index slightly by +0.001yrs”.