STIR: Effective Fed Funds Rate
Mar-24 13:07
FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 4.83% volume: $92B
- Daily Overnight Bank Funding Rate: 4.82% volume: $276B
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EUROZONE ISSUANCE: Feb 27 NGEU auction details
Feb-22 12:58
EU to sell the following at the Feb 27 auction (both re-opens):
- Up to E2.0bln of 0.80% Jul-25 NGEU (ISIN: EU000A3K4DJ5)
- Up to E2.0bln of 0.00% Oct-28 NGEU (ISIN: EU000A3KWCF4)
CANADA: USDCAD Pulls Back But Still See Base For Further Gains
Feb-22 12:54
- USDCAD has pushed almost 30 pips lower to 1.3525 with an uptick in S&P E-minis although remains off the latest low of 1.3517 after FI pared initial gains post Bullard and a heavy decline in US mortgage applications.
- The pair has been building a base for further gains though, with these levels only back at the high end of yesterday’s range, underpinned by moderating inflation pressures. Initial resistance is seen at the day’s high of 1.356 after which sits the more significant 1.3665 (Jan 6 high).
- Closest option expiries of note at 1.3550 for the NY cut but limited in size at $476M.
US TSY FUTURES: Bonds Recede From Fresh Highs
Feb-22 12:45
Tsy 30Y futures USH3 extended late overnight high of 124-15, to 124-18 (+15) before drawing some sell interest, USH3 currently 124-13, 30YY 3.9550% -.0168 following StL Fed Bullard CNBC interview.
- No more "scheduled" Fed speakers until 1730ET: NY Fed Williams moderated discussion on inflation, no text, live-streamed.
