PERU: Interim President Announces State of Emergency in Lima

Oct-22 12:13
  • Peru's interim president declared on Tuesday that a state of emergency would be imposed in Lima and the neighbouring port of Callao in response to a wave of violent organised crime and extortions.
  • The state of emergency will take effect at midnight on Wednesday and will last for 30 days in Metropolitan Lima and Callao," Jose Jeri said in a brief message broadcast by state television. Jeri said the measure authorises the deployment of the armed forces alongside the police to maintain public order.
  • Separately, Peru’s fiscal watchdog is issuing its most stern warning yet that the country’s solid economic pillars are at serious risk from new legislative initiatives that carry an unmanageable cost. (BBG)

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US: MNI POLITICAL RISK - Govenment Shutdown Risk Spikes

Sep-22 12:10

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  • President Donald Trump will be joined by senior health officials at 16:00 ET 21:00 BST to make a ‘medical and scientific’ announcement. At 17:30 ET 22:30 BST, Trump will depart for New York City, where he will deliver remarks at the United Nations General Assembly tomorrow.
  • At 13:00 ET 18:00 BST, White House Press Secretary Karoline Leavitt will deliver her first press conference since September 9.
  • Supreme Court Chief Justice John Roberts asked Federal Reserve Governor Lisa Cook to submit a response to the Department of Justice's case for her firing by September 25.
  • Trump signed a proclamation adding a $100,000 fee for new H-1B visa applicants.
  • A bipartisan group of US House Representatives arrived in Beijing on Sunday for talks with senior government officials, the first such trip since 2019.
  • The implied probability of a government shutdown on October 1 spiked to nearly 70% after Congress departed for a week-long recess without a plan to fund the federal government.
  • Switzerland is proposing more investment in the US as Bern seeks relief from a 39% tariff rate.
  • Trump escalated his threat to Venezuelan President Nicolas Maduro for allegedly facilitating the flow of narcotics and undocumented migrants into the US.  
  • Poll of the Day: Republican pessimism about the direction of the country has spiked for the first time since Trump’s second inauguration. 

Full Article: US DAILY BRIEF

STIR: Repo Reference Rates

Sep-22 12:04
  • Secured Overnight Financing Rate (SOFR): 4.14% (+0.00), volume: $2.881T
  • 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%