US: MNI POLITICAL RISK - US Daily Brief

Nov-23 13:24
  • The Supreme Court has ruled that the House Ways and Means Committee can obtain former President Donald Trump’s tax returns.
  • House Minority Leader Kevin McCarthy’s (R-CA)has called on Homeland Security Secretary Alejandro Mayorkas to resign.
  • Democrats have begun drafting spending bills for the FY23 government funding package.
  • Republican Rep David Valadao (R-CA) is the second of 10 GOP Trump-impeachers to survive the midterm cycle.
  • The Biden administration has extended its freeze on student loan payments until June 2023 as it considers a response a legal challenge to its debt relief scheme.
  • A bipartisan group of Senators have urged the Biden administration to supply more technically advanced drones to Kyiv.
  • Turkey and the United States may be headed for confrontation in Syria.
  • The G7 is preparing to announce the terms of a price cap on Russian oil exports.
  • The International Atomic Energy Agency (IAEA) has confirmed that Iran has begun enriching uranium to 60% purity at its Fordow facility.
  • Poll of the Day: Senator Raphael Warnock (D-GA) is ahead of Republican Herschel Walker in the first significant Georgia runoff polling report.

Historical bullets

STIR: BLOCK, SOFR Calls

Oct-24 13:20
  • -3,000 SFRF3 95.75 calls, 5.0 ref 95.125/0.10 at 0909:09ET

MNI EXCLUSIVE: European Parliament Adviser Dabrowski On ECB's TPI

Oct-24 13:10

MNI interviews European Parliament adviser and former central banker Marek Dabrowski about the ECB's new Transmission Protection Instrument --On MNI Policy MainWire now, for more details please contact sales@marketnews.com

UK: Gilts, GBP Retrace Quick Gain As Sunak Wins Leadership Race

Oct-24 13:06

Gilts move about 25 ticks higher as Mordaunt exits the Conservative leadership race - then quickly retrace. See intraday chart below - similar movement in GBP vs EUR.

  • With Sunak about 98% priced by betting exchanges to win by the time Mordaunt's announcement came out, understandably not much market reaction to the news.
  • Attention quickly turns to Sunak's address to MPs at 1430UK time.

Source: BBG