Broad General Collateral Rate (BGCR): 4.11% (+0.00), volume: $1.148T
Tri-Party General Collateral Rate (TCR): 4.11% (+0.00), volume: $1.118T
(rate, volume levels reflect prior session)
US TSY OPTIONS: CORRECTION: Large Dec'25 10Y Call
Sep-22 11:56
Trading desks correct earlier post:
Buy (not sale) 50,000 TYV5 114 call print at 33 (not 32) vs. 112-27.5/0.31%
BOE: All seven non-dissenting MPC members to speak before end of September (2/2)
Sep-22 11:41
Outside of these three swing members we will also hear from Pill, Greene, Lombardelli and Mann before the end of the month. Their views will all be watched for the medium-term outlook, but with all four of these members hawkishly dissenting in August there is less potential for them to be market moving unless they were to shift to a more dovish direction (which we think unlikely at this point.
Pill is due to appear on a BIS-ECB-SUERF panel today (starting 13:30BST) entitled ‘Monetary policy frameworks: recent developments and outlook – an international comparative view’ and then will participate in a fireside chat tomorrow at the Inaugural Pictet Research Institute Symposium ‘Challenges of Monetary Policy in an Environment of High Fiscal and Geopolitical Uncertainty (10:00BST). There will be text released alongside the latter event.
Greene is due to speak on Wednesday in a speech entitled ‘Supply shocks and monetary policy’ (17:30).at University of Glasgow Business School.
Lombardelli will appear on Tuesday 30 September on the “Monetary policy and uncertainty” panel alongside Riksbank Governor Thedéen and Banque de France Deputy Governor Bénassy-Quéré at the Bank of Finland’s 4th international Conference on Monetary Policy.
Mann will conduct a fireside chat at the Financial Times Future of Financial Intelligence conference with the topic “Geopolitical landscape context”, also on Tuesday 30 September.