US: MNI POLITICAL RISK - US Daily Brief
Mar-09 13:13
- President Biden will outline plans cut the federal deficit by USD$3 trillion when he unveils his FY24 budget today.
- The House Ways and Means committee will today consider Republican legislation to prioritise federal debt repayments in the event of a default.
- Federal Reserve Chairman Jay Powell has again called on Congress to raise the debt ceiling.
- China and the IRA will be on the agenda when President Biden meets European Commission President Ursula von der Leyen at the White House tomorrow.
- The Netherlands has confirmed it will mirror the US and impose export controls.
- Northwestern University Professor Janice Eberly has emerged as a frontrunner for the vacant fed vice chair seat.
- House Speaker Kevin McCarthy (R-CA) has declined an invitation from Ukrainian President Volodymyr Zelensky to visit Kyiv.
- Senate Minority Leader Mitch McConnell (R-KY) has been hospitalised after a fall.
- UK Prime Minister Rishi Sunak and Australian Prime Minister Anthony Albanese will travel to the US on Monday to announce the first phase of the AUKUS nuclear submarine deal.
- Poll of the Day: The Republican Party is seen by Americans as performing better on the economy and jobs.
Full article: US Daily Brief
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PIPELINE: Intel 7Pt Jumbo on Tap
Feb-07 13:12
Intel bond issuance spans the curve, Tsys dip on annc amid flurry spec acct selling.
- Date $MM Issuer (Priced *, Launch #)
- 02/07 $Benchmark Intel 7pt jumbo: 3Y +100a, 5Y +130a, 7Y +155a, 10Y +175a, 20Y +195a, 30Y +215a, 40Y +235a
- 02/07 $5B #EIB 10Y SOFR+48
- 02/07 $Benchmark Vodafone 30Y +220a, 40Y +240a
- 02/07 $Benchmark Export Development bank Canada (EDC) 5Y SOFR+39
- 02/07 $Benchmark Swedish Export Bank (SEK) 7Y SOFR +46
- 02/07 $Benchmark World Bank (IBRD) 7Y SOFR +47
- 02/07 $Benchmark IDB Invest 5Y SOFR+59
- 02/07 $Benchmark CDP Fncl 3Y +58
- Chatter for new supply in near future:
- 02/-- $Benchmark OPT Bank (Hungary)
US TSYS: Repo Reference Rates
Feb-07 13:03
- Secured Overnight Financing Rate (SOFR): 4.55%, $1.209T
- Broad General Collateral Rate (BGCR): 4.52%, $473B
- Tri-Party General Collateral Rate (TGCR): 4.52%, $460B
- (rate, volume levels reflect prior session)
GILT PAOF RESULTS: The PAOF for the 4.125% Jan-27 gilt was not taken up
Feb-07 13:01
- A total of GBP875mln had been available.
- This leaves GBP19.88bln of the gilt in issue.
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