FED: "MINNEAPOLIS FED PRESIDENT KASHKARI: SAYS HE BELIEVES NOW IS THE [...]

Aug-05 12:10

"MINNEAPOLIS FED PRESIDENT KASHKARI: SAYS HE BELIEVES NOW IS THE TIME TO START SLOWLY MOVING INTEREST RATES UP -CNBC INTERVIEW" RTRS

05 Aug 2026 13:08:56 - FED'S KASHKARI: MY GOAL IS NOT TO SLOW ECONOMY, MY GOAL IS TO BRING DOWN INFLATION - CNBC" RTRS
05 Aug 2026 13:09:28 - FED'S KASHKARI: MOST OF INFLATION RECENTLY IS FROM SUPPLY SHOCKS, WITH SOME DEMAND LAYERED ON TOP" RTRS

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US: MNI POLITICAL RISK - NATO Summit Shifts Focus Back To Ukraine

Jul-06 12:06

Access Full Report Here

  • President Donald Trump participates in Executive Time at 08:00 ET 13:00 BST, convenes officials from the NYSE and Nasdaq in the Oval Office to launch 'Trump Accounts' at 09:30 ET 14:30 BST, hosts a Rose Garden Club lunch at 11:30 ET 16:30 BST, meets Border Patrol officials at 14:00 ET 19:00 BST, and holds a policy meeting 15:30 ET 20:30 BST, before departing for the NATO Summit in Ankara, Turkey.
  • Trump used a pair of speeches over the weekend to warn of a surge in support for left-wing Democratic candidates.
  • Trump held Saturday calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy ahead of a NATO summit that has been dominated by US concerns over European defence spending and comments from senior US officials questioning the value of the alliance to Washington.
  • House Speaker Mike Johnson (R-LA) said the House will attempt to pass Trump’s SAVE America Act “one more time” through budget reconciliation.
  • US and Iranian negotiators are expected to meet for a third time following the conclusion of a six-day funeral procession for former Iranian Supreme Leader Ali Khamenei that began on July 4.
  • On Tuesday, the USTR will hold public hearings on Section 301 tariff investigations into 60 trading partners.
  • Chart of the Day: Progressive Abdul El-Sayed is favoured to win the Democratic nomination for the crucial Michigan Senate race, after early frontrunner state Senator Mallory McMorrow (D) suspended her campaign. 

Full Article: US DAILY BRIEF

STIR: Repo Reference Rates

Jul-06 12:05
  • Secured Overnight Financing Rate (SOFR): 3.64% (-0.02), volume: $3.208T
  • Broad General Collateral Rate (BGCR): 3.62% (-0.01), volume: $1.296T
  • Tri-Party General Collateral Rate (TCR): 3.62% (-0.01), volume: $1.256T
  • (rate, volume levels reflect prior session)

US TSY OPTIONS: Large Short Term 10Y Call

Jul-06 12:04
  • 40,400 wk3 TY 109.75 calls, 19 ref 109-23.5 (exp 7/17)