US DATA: KC Fed Services Sees Surprising Strength In May
May-23 15:30
The Kansas City Fed's services sector survey showed a strong rebound in the composite index to 11 in...
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US: Bessent Confirms No Unilateral Offer on Cutting Tariffs
Apr-23 15:28
US Treasury Secretary Bessent states that there is no unilateral offer from Trump to cut China tariffs, and that a full China trade deal could take two-to-three years.
- Bessent effectively confirms the line from CNBC's Javers on the tariff cut report: that lower tariffs would not be a unilateral offer and would be part of a bilateral trade deal - on which the Treasury Sec notes it could take 2-3 years.
- The USD sees a phase of selling on the headlines - lifting USD/CNH further off the initial lows - while the e-mini S&P is now lower than pre-WSJ report levels, now either side of 5,450.00.
FED: US TSY 17W AUCTION: NON-COMP BIDS $650 MLN FROM $60.000 BLN TOTAL
Apr-23 15:15
- US TSY 17W AUCTION: NON-COMP BIDS $650 MLN FROM $60.000 BLN TOTAL
FED: US TSY 2Y FRN AUCTION: NON-COMP BIDS $17 MLN FROM $30.000 BLN TOTAL
Apr-23 15:15
- US TSY 2Y FRN AUCTION: NON-COMP BIDS $17 MLN FROM $30.000 BLN TOTAL
