US: MNI POLITICAL RISK - US Daily Brief

Sep-21 12:09
  • Senator Joe Manchin (D-WV) is expected to release the text for his permitting reform proposal today.
  • US President Joe Biden will "lay out in detail how the US has restored its global leadership" in his address to the United Nations General Assembly today.
  • President Biden and UK Prime Minister Liz Truss will have Northern Ireland on the agenda during their first formal bilateral meeting today.
  • Senate Minority Leader Mitch McConnell (R-KY) has put immigration at the center of the midterm debate by weighing in on the DeSantis migrant stunt.
  • Poll of the Day: President Biden’s approval rating is comparable to his predecessors in September of a first-term midterm year.

Historical bullets

US TSYS: Repo Reference Rates

Aug-22 12:00
  • Secured Overnight Financing Rate (SOFR): 2.28%, $960B
  • Broad General Collateral Rate (BGCR): 2.26%, $393B
  • Tri-Party General Collateral Rate (TGCR): 2.26%, $383B
  • (rate, volume levels reflect prior session)

US: MNI POLITICAL RISK - US Daily Brief

Aug-22 11:57
  • The US is yet to formally respond to comments made the by the Iranian delegation on a revised Joint Comprehensive Plan of Action proposal from the EU.
  • The fallout continues from the FBI search of former President Donald Trump’s Mar-a-Lago residence in Florida.
  • Energy Secretary Jennifer Granholm has warned that oil prices may spike again if domestic consumption rises in China.
  • The US has announced a USD$775 million package of new weapons for Kyiv which may be earmarked for a long-planned Ukrainian counteroffensive in South-eastern Ukraine.
  • Indiana Governor Eric Holcomb (R-IN) has made the third high-profile US political trip to Taiwan this month.
  • South Korea and the United States have begun large-scale military drills which are expected to run until September 1.
  • Poll of the Day: The approval rating of President Biden has continued to steadily improve since bottoming out at 37.5% on July 25th.

US TSY FUTURES: Early Sep/Dec Tsy Roll Update

Aug-22 11:52

Latest Tsy Sep/Dec roll volumes below. Expect volume surge this week ahead First notice date (Dec takes lead) on Wednesday August 31. Current markets:

    • TUU/TUZ 8,300 from 3.75 to 4.38, 3.88 last, 4% complete
    • FVU/FVZ 27,400 from -2.75 to -2.00, -2.75 last, 7% complete
    • TYU/TYZ 25,100 from -4.0 to -3.25, -3.5 last, 7% complete
    • UXYU/UXYZ 3,600 from 20.5, 1% complete
    • USU/USZ 12,600 from 17.75 to 24.25, 21.75 last, 2% complete
    • WNU/WNZ 5,400 from 6.75 to 7.75, +7.5 last, 7% complete
  • Reminder, Sep futures won't expire until next month: 10s, 30s and Ultras on September 21, September 30 for 2s and 5s.