US: MNI POLITICAL RISK - US Daily Brief
Apr-27 12:27
- House Speaker Kevin McCarthy (R-CA) yesterday passed the first significant test of his speakership, squeaking through his debt limit bill by the barest of margins.
- Had he failed to pass the bill, the prevailing view in Washington is that he would have handed a clean debt limit raise to Democrats and effectively ended his own speakership. The gamble to press for a vote paid off and now the White House will be forced to respond. Analysis on the next steps inside.
- 11:00 ET 16:00 BST: President of the Republic of Korea, Yoon Suk-yeol, will address a joint session of Congress.
- President Biden and Yoon yesterday unveiled an upgraded security pact to enhance nuclear deterrence - a signal that Washington intends to deepen military alliances in the Indo-Pacific.
- 13:00 ET 18:00 BST: NSA Jake Sullivan will deliver a key address today outlining "the administration’s international economics agenda."
- Former Arkansas Governor Asa Hutchinson yesterday formally launched a bid for the 2024 Republican presidential nomination.
- Poll of the Day: Democrats are more than twice as likely as Republicans to say the debt ceiling should be raised.
Full Article: US Daily Brief
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USD: Small broad base selling in USD
Mar-28 12:27
- More a dollar move in G10 FX in the past few minutes, but nothing big at all.
- Offers have emerged in the USD against EUR, GBP, CAD, AUD, SGD, SEK and NOK.
- A full spin cycle for Cable, after hitting session low, three hours ago, GBPUSD is back at the intraday high.
- US Wholesales inventories is up next.
STIR: BLOCK, Dec'23 SOFR Midcurve Put Fly
Mar-28 12:26
- 10,000 OQZ3 94.75/95.75/96.75 put flys, 21.0 vs. 96.87/0.10% at 0812:19ET
US: MNI POLITICAL RISK - US Daily Brief
Mar-28 12:18
- The first Congressional hearing into the collapse of Silicon Valley Bank will take place today with Federal Reserve Vice Chair of Supervision Michael Barr and FDIC Chair Martin Gruenberg set to testify before the Senate Banking Committee at 10:00 ET 15:00 BST.
- Biden Administration officials yesterday welcomed news that Israeli Prime Minister Benjamin Netanyahu has paused his attempt at reforming the judiciary but analysts have warned the ceasefire may only be temporary.
- The White House will begin its second virtual ‘Summit for Democracy’ today and, although some critics have pointed out the inconsistencies in the guest list, an increase appetite for cooperation on China may give the summit more significance this year.
- Japan and the United States reached a deal late yesterday on trade in critical minerals.
- President Biden continues to suffer poor approval of his handling of the economy, foreign policy, and energy policy.
- Former President Donald Trump’s legal troubles have done little to dent support amongst his core base.
- Poll of the Day: There is still no credible alterative to a Biden 2024 bid, despite a lack of enthusiasm amongst Democrat voters.
Full Article: US Daily Brief
