ASIA: Government Bond Issuance Today

Sep-25 22:34

You are missing out on very valuable content.

/products

* China to Sell CNY157 bn 2028 Bonds * Singapore to Sell S$1 bn Bonds Due 2072 * India to Sell INR16...

Want to read more?

Find more articles and bullets on these widgets:

Link to the page Link to the page Link to the page Link to the page

Historical bullets

OIL: Crude Lower On Fed Worries

Aug-26 22:32

Oil prices sank on Tuesday on wariness over the most recent attack on the Fed’s independence. Not only has President Trump constantly pressured Chair Powell to cut rates, but on Tuesday he removed Governor Cook. She has said he doesn’t have the authority to fire her. The USD index fell 0.2% in response.

Oil prices are down on the week but levels are still above last Thursday’s low and Wednesday’s close. WTI fell 2.3% to $63.31/bbl to be down 7.2% in August. It reached a low of $63.13 late in the US session. It is currently trading around $63.37. Initial support is $61.29, with resistance at $66.56.
Brent was down 2.3% to $67.23/bbl after a low of $67.11 and is now 6.2% lower this month. Tuesday’s move affirms the existing bear cycle. Initial support is at $65.01, while resistance is at $69.98.
Bloomberg reported that US crude inventories fell 1mn barrels last week with a 500k drop at Cushing, according to people familiar with the API data. Products were also lower with gasoline down 2.1mn and distillate 1.5mn. The official EIA data is out on Wednesday.
The US Department of Homeland Security issued a notice that India will face a 25% punitive tariff as of Wednesday because it continues to purchase Russian oil. There are concerns that global supplies will be materially impacted if it is extended to China and enforced. However, as many trade threats have been delayed or withdrawn, India continues to buy Russian crude.