HUNGARY: EC Urges Budapest to Drop Demand for EUR3.9bn in Loans
Politico report on progress on EU-Hungary fund talks and note that the European Commission is urging...
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MNI EXCLUSIVE: Deputy Governor of the Bank of Greece Speaks To MNI
Deputy Governor of the Bank of Greece Theodore Pelagidis speaks to MNI.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
CROSS ASSET: Very Contained Reactiojn To Trump's Post, 8pm Deadline Reiterated
Very contained cross-asset reaction to US President Trump’s latest Truth Social post. Markets appear hesitant to treat this as an overtly new signal, with the US’ 2000EST negotiations deadline essentially being re-iterated. Vice President Vance has since noted from Budapest that he hopes the Iran war will conclude “shortly”.
A reminder that news flow over the past hour has seen Iran reject a temporary ceasefire offer put forward by intermediaries, alongside a re-iteration of its preconditions for lasting peace. Meanwhile, the US is reported to have hit more than 50 military targets on Kharg Island, according to the Wall Street Journal.
STIR: Repo Reference Rates
- Secured Overnight Financing Rate (SOFR): 3.65% (-0.01), volume: $3.217T
- Broad General Collateral Rate (BGCR): 3.63% (+0.00), volume: $1.299T
- Tri-Party General Collateral Rate (TCR): 3.63% (+0.00), volume: $1.271T
- (rate, volume levels reflect prior session)
