STIR: Effective Fed Funds Rate

Nov-10 14:09

FRBNY EFFR for prior session:

  • Daily Effective Fed Funds Rate: 3.83% volume: $100B
  • Daily Overnight Bank Funding Rate: 3.82% volume: $293B

Historical bullets

BOE: Index-linked purchase operations

Oct-11 14:06
  • BOE purchases GBP1.947bln
  • BOE rejects offers of GBP466.9mln

UK: Chancellor Faces First Parliamentary Questions After Fiscal Event

Oct-11 13:53

Chancellor of the Exchequer Kwasi Kwarteng and his team of ministers face Treasury questions for the first time since the 'fiscal event' in late-September.

  • Livestream: https://www.youtube.com/watch?v=E59wDEdHMTE
  • Kwarteng answers few questions so far, with Financial Secretary to the Treasury Andrew Griffith and Chief Secretary to the Treasury Chris Philip answering almost all questions so far.
  • Dame Angela Eagle (Lab, Wallesey) asks Treasury team to apologise for the "Tory premium on every interest rate rise for every borrower". Griffith says gov't has "given the economy the confidence and certainty it needs"

RUSSIA: For Min Spox-We've Received No Formal Proposal For Peace Talks In Turkey

Oct-11 13:28

Comments hitting wires from the Russian Foreign Ministry spox Maria Zakharova. States that 'Russia has not received a formal proposal through diplomatic channels to hold peace talks in Turkey'.

  • Spox: We continue to receive contradictory signals from the United States...the more the US promotes President Zelenskyy's regime, the harder it becomes to find a diplomatic solution.
  • Spox: Moscow is open to diplomacy at all levels.
  • Livestream (in Russian): https://mid.ru/en/press_service/video/

Speculation remains that Turkish President Recep Tayyip Erdogan could seek to facilitate peace talks at Thursday's meeting with President Vladimir Putin.