IRAN: Gulf Official: 50:50 Chance US & Iran Could Reach Deal By Friday - CNN

Aug-05 13:06

CNN reports "there is a "50:50" chance the US and Iran will reach a deal on Friday, according to a s...

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STIR FUTURES: BLOCK: Sep'26 SOFR Sale

Jul-06 13:05
  • -4,000 SFRU6 96.14, post time bid at 0858:07ET, trade .14 last (-0.005)

US: Speaker Johnson Optimistic SAVE Act Can Be Addressed In Reconciliation 3.0

Jul-06 13:04

House Speaker Mike Johnson (R-LA) told Fox News he will attempt to pass President Donald Trump’s priority electoral reform bill, the SAVE America Act, “one more time” through budget reconciliation, despite doubts in the Senate that a third party-line bill is possible before the midterm elections. Note: There are only 18 full legislative days scheduled before the November 3 midterms.  

  • Johnson downplayed a rebellion, led by Rep. Anna Paulina Luna (R-FL), which is threatening to derail a raft of key legislation: “Nobody’s mad at Anna, we all want the same thing…"
  • Trump said during a Friday speech, “We can only lose the midterms if we allow ourselves to lose the midterms... But if we terminate the filibuster as we should do, and immediately vote for the Save America Act, then we will not lose an election for 100 years.”
  • Punchbowl News reports, “The House Republican leadership plans to include in reconciliation a $4 billion pot of incentives for states that require voter ID and check the citizenship status of every voter. This provision may or may not pass muster with the Senate parliamentarian. Furthermore, Trump has said he doesn’t want a watered-down SAVE America Act, and that’s what this move would represent.”
  • Politico reports that Johnson maintained that Trump would accept the House version of the SAVE America Act — which doesn’t include Trump’s desired prohibition of most mail-in voting, among other provisions — saying that the president understands those measures are “a bigger reach.”

PIPELINE: Corporate Bond Roundup: Banks, Autos on Tap, Italy 3Pt Tuesday

Jul-06 13:02
  • Date $MM Issuer (Priced *, Launch #)
  • 07/06 $750M Dangote Petroleum 5NC2 7.5%a
  • 07/06 $Benchmark CIBC 60.5NC5.5 7%a
  • 07/06 $Benchmark BMO 3Y SOFR+40a
  • 07/06 $Benchmark IFC 5Y SOFR+33a
  • 07/06 $Benchmark KT Corp 3.5Y +85a
  • 07/06 $Benchmark Nationwide 6NC5 +110a, 11NC10 +130a
  • 07/06 $Benchmark BFCM 3Y +95a, 3Y SOFR+95a, 6NC5 +125a
  • 07/06 $Benchmark ENEL Finance 3Y +90a, 5Y +105a, 10Y +130a
  • 07/06 $Benchmark Toyota Motor Credit 3Y +65a, 3Y SOFR, 7Y +90a
  • 07/06 $Benchmark American Honda 3Y +90a, 3Y SOFR, 5Y +110a, 7Y +120a
  • 07/06 $Benchmark Energy Transfer LP 30NC5 6.87%, 30NC10 7.12%a
  • 07/06 $Benchmark US Steel 5Y, 10Y investor calls
    • Expected Tuesday:
    • 07/07 $Benchmark Republic of Italy 5Y +70a, 10Y +110a, 30Y +185a