US: MNI POLITICAL RISK - Rubio Briefs Congress On Rising Military Tensions

Jan-07 13:27

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  • Press Secretary Karoline Leavitt will be joined by unnamed Cabinet officials for a press briefing at 11:00 ET 16:00 GMT. President Donald Trump will sign executive orders at 14:30 ET 19:30 GMT.
  • The White House is prepping alternative strategies, as the Supreme Court prepares to release a ruling on Trump's tariffs.
  • The US is reportedly demanding Venezuela reduce its relationships with China, Russia, Iran, and Cuba. Trump said Venezuela will be "turning over" 30 to 50 million barrels of oil to the US.
  • Secretary of State Marco Rubio downplayed reports the US could acquire Greenland by force.
  • Senate Democrats will force a vote Thursday on a war powers resolution requiring congressional approval for additional military action in Venezuela.
  • European leaders framed a proposed Ukraine peace deal backed by US satellite monitoring as a diplomatic breakthrough.
  • Trump told Republican lawmakers they must win the 2026 midterm elections - or he will be impeached.
  • The House will hold a procedural vote today on reviving enhanced ACA subsidies.
  • The death of Republican Rep Doug LaMalfa and hospitalisation of Rep James Baird (R-IN) has shrunk the GOP House majority to one vote.
  • Senate Banking Committee Chair Tim Scott (R-SC) has scheduled votes on a landmark crypto regulation bill without clear support from either party.
  • US NATO Ambassador Matt Whitaker indicated US support for the Iranian people’s desire to be “free”.
  • Poll of the Day: Republican support for military intervention in Venezuela ticked up.

Full article: US DAILY BRIEF

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EURIBOR OPTIONS: ERU6 98.00/98.12 Call Spread Lifted vs. 97.87/97.75 Put Spread

Dec-08 13:03

ERU6 98.00/98.12 call spread vs. 97.87/97.75 put spread paper paid -0.5 on 25K, buying the call spread.

US TSYS/SUPPLY: MNI UST Issuance Deep Dive: December 2025

Dec-08 13:03

We've just published our latest US Treasury issuance Deep Dive - Download Full Report Here

  • The latest Treasury Refunding policy statement out Nov 5 contained no change to guidance on maintaining auction sizes "for at least the next several quarters", as expected.
  • However, Treasury made its biggest hint in quite a while that increases are on the foreseeable horizon: "Looking ahead, Treasury has begun to preliminarily consider future increases to nominal coupon and FRN auction sizes, with a focus on evaluating trends in structural demand and assessing potential costs and risks of various issuance profiles."
  • While it certainly doesn't mean there will be increases in at least the next 2 and almost certainly 3 quarters, it is an unexpected development and seems consistent with MNI's baseline expectation that the next upsizing could be in a year from now (November 2026).
  • Upcoming issuance: December’s issuance schedule is set to see $315B in nominal Treasury coupon sales (unch from the equivalent month in the previous quarter), in addition to $24B in 5Y TIPS and $28B FRN for a total of $367B.
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MNI EXCLUSIVE: MNI interviews former St. Louis Fed president

Dec-08 12:56

MNI interviews former St. Louis Fed president on monetary policy, Fed independence -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com