US: MNI POLITICAL RISK - Trump's Fundraising Streak Continues
Jun-21 12:07
- Former President Donald Trump’s barnstorming fundraising streak has continued, almost entirely erasing that the huge campaign financing advantage President Biden has enjoyed for most of the year.
- A group of Senate Democrats agreed yesterday that Senate Majority Leader Chuck Schumer (D-NY) should force a vote on the bipartisan tax bill which overwhelmingly passed the House in January.
- The Treasury Department concluded in their semi-annual currency report that no major US trading partner appeared to have manipulated its currency last year, but seven countries - China, Japan, Malaysia, Singapore, Taiwan, Vietnam, and Germany -are on Treasury’s “Monitoring List.”
- The Supreme Court yesterday upheld a major piece of the 2017 Tax Cuts and Jobs Act, ruling against a conservative-backed bid widely seen as an attempt pre-emptively block Congress from ever adopting a wealth tax.
- US intelligence officials believe that China has no clear preference between Trump and Biden, according to a Bloomberg report.
- The US has further relaxed restrictions on how Ukraine can use US-supplied weapons, allowing Kyiv more scope to strike targets within the Russian Federation.
- Trump leading in six swing states that Biden won in 2020 and tied with Biden in Minnesota – a state which the GOP hasn’t won since 1972, according to a new poll.
- Poll of the Day: President Biden, “has taken a lead among “double-haters” in recent months, but the presidential race “remains a toss-up.”
Full article: US Daily Brief
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EGB SYNDICATION: Latvia USD bond: Long 10-year Jul-34
May-22 12:03
- Maturity: 30 July 2034
- Size: USD Benchmark (MNI expects USD400-600mln)
- Books in excess of USD3.0bln (inc USD150mln JLM interest)
- Coupon: Fixed, semi-annual, 30 / 360 (long first coupon on 30 January 2025)
- IPT: T+115bps area
- Settlement: 30 May 2024 (T+5)
- ISIN: XS2829701718 / US518417AD29
- Bookrunners: Crédit Agricole CIB / Citi / Goldman Sachs Bank Europe S.E. (B&D) / J.P. Morgan
- Timing: Books open, today's business
From market source
GILT PAOF RESULTS: GBP567.750mln of the 4.125% Jul-29 Gilt sold
May-22 12:02
- A total of GBP1000.0mln had been available.
- This leaves GBP8.568bln of the gilt in issue.
STIR: Repo Reference Rates
May-22 12:01
- Secured Overnight Financing Rate (SOFR): 5.31% (+0.00), volume: $1.929T
- Broad General Collateral Rate (BGCR): 5.30% (+0.00), volume: $726B
- Tri-Party General Collateral Rate (TGCR): 5.30% (+0.00), volume: $715B
- (rate, volume levels reflect prior session)
