US: MNI POLITICAL RISK - Republicans Prep Legislative 'Wish Lists'

May-23 12:31
  • House Majority Leader Steve Scalise (R-LA) has asked Republican committee chairs to start compiling “wish lists” for legislation they could pass under reconciliation if Republicans control both sides of Congress and the White House in January.
  • The Senate will today hold another vote on the bipartisan border security bill which tanked in January after an intervention from former President Donald Trump.
  • The House of Representatives voted 279-136 to approve legislation laying out a new framework for cryptocurrency regulation. The vote is the latest in a series of wins for the crypto industry in Washington.
  • President Biden will welcome Kenyan President William Ruto at the White House today for a State Visit - the first by an African leader in over 15 years.
  • House Speaker Mike Johnson (R-LA) has put Senate Majority Leader Chuck Schumer (D-NY) in a bind by publicly pushing for Israeli Prime Minister Benjamin Netanyahu to address a joint meeting of Congress.
  • Former South Carolina Governor Nikki Haley gave former President Donald Trump a boost by announcing that she will vote for him in November.
  • White House National Security Advisor Jake Sullivan questioned remarks by UK Defence Minister Grant Shapps appearing to suggest that China is supplying lethal aid to Russia.
  • Poll of the Day: Nineteen percent of voters say it is likely that they will change their minds about their choice for president before the election.
Full article: US Daily Brief

Historical bullets

MNI: US APR PHILADELPHIA FED NONMFG INDEX -12.4

Apr-23 12:30



  • MNI: US APR PHILADELPHIA FED NONMFG INDEX -12.4

US TSY OPTIONS: Large Jun'24 10Y Put Spread

Apr-23 12:27
  • over +44,000 TYM4 105/106.5 put spds, 18 ref 107-22

BONDS: Weakness In Crude Provides Little Counter As BoE's Pill & Pricing Of EU Syndication Weighs

Apr-23 12:23

Weakness in crude oil futures (WTI < 50-DMA for the first time since early February) does little to counter the sell off in core global FI markets, as comments from BoE's Pill and hedging surrounding pricing of the EU dual-tranche syndication weigh.

  • Technical support levels of note for the core global FI markets can be found in earlier bullets, we highlight that major support levels have not been tested during today’s move lower.