US TSY OPTIONS: Midmorning Option Update

Jul-17 14:39

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Decent call interest, two-way put and vol buying mostly in 10Y options since underlying futures rebo...

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MNI EXCLUSIVE: McGill Professor Ruge-Murcia looks at the BOC's mandate

Jun-17 14:33

McGill Professor Ruge-Murcia looks at the Bank of Canada's mandate - On MNI Policy MainWire now, for more details please contact sales@marketnews.com

GILT AUCTION PREVIEW: On offer next week

Jun-17 14:32

The DMO has announced it will be looking to sell GBP1.7bln of the 1.125% Sep-35 linker (ISIN: GB00BT7HZZ68) at its auction next Tuesday, June 24.

CRYPTO: US Senate Vote On Landmark Crypto Regulation Bill Expected At 17:00 ET

Jun-17 14:28

The United States Senate is poised to pass the GENIUS Act, a landmark crypto bill to create a regulatory framework for stablecoins, which are pegged to the value of the dollar. Craig Caplan at CSPAN notes that a final vote on the floor is expected at around 17:00 ET 22:00 BST

  • The bill will be the first ever piece of crypto legislation to pass the Senate. It represents one of President Donald Trump’s biggest priorities in Congress, outside of the One Big Beautiful Bill, and takes a step towards making crypto a more mainstream financial asset.
  • ABC notes: "The bill sets rules for stablecoin issuers, including a mandate that firms hold a reserve of assets underlying the cryptocurrency."
  • Politico notes the bill is "expected to draw support from close to 18 Democrats after a month of turbulent negotiations with Republicans… The path to passage in the House, however, remains murky. Financial Services Chair French Hill [R-AK] is weighing [tying the bill with] a broader measure that would divide oversight of digital assets between market regulators.”
  • Punchbowl reports that academics compared the bill to the 'Commodity Futures Modernization Act of 2000' which “rolled back regulations in key parts of the derivatives market and helped the product become mainstream in the years leading up [2008].”
  • Punchbowl adds: “Others pointed to a 1994 law that reshaped the national banking landscape. The Riegle-Neal Interstate Banking and Branching Efficiency Act allowed banks to branch across state lines.”