US: More Americans Blame Trump/GOP For Shutdown Than Democrats - WAPO

Oct-02 17:23

A new survey from the Washington Post has found that “significantly more Americans blame President Donald Trump and congressional Republicans for the shutdown than Democrats, though many say they are not sure.”

  • The Post notes, “People express moderate concern about the shutdown’s impact at this early stage, with “somewhat concerned” the most common answer. A large majority support Democrats’ call to extend federal health insurance subsidies in general, though just under half support the party demanding this if it extends the government shutdown.”
  • The report adds, “The poll shows two factors driving opinions about Republicans. Political independents are more than twice as likely to say Trump and Republicans are responsible for the shutdown as Democrats, 50 percent vs. 22 percent. Second, while 67 percent of Republicans blame Democrats for the shutdown, an even larger 87 percent of Democrats blame Trump and Republicans. That gap may shrink as the shutdown goes on.”

Figure 1: Which party do you think is mainly responsible for the government shutdown?

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Source: Washington Post

Historical bullets

FED: US TSY 52W BILL AUCTION: HIGH 3.660%(ALLOT 2.81%)

Sep-02 17:02
  • US TSY 52W BILL AUCTION: HIGH 3.660%(ALLOT 2.81%)
  • US TSY 52W BILL AUCTION: DEALERS TAKE 15.46% OF COMPETITIVES
  • US TSY 52W BILL AUCTION: DIRECTS TAKE 2.30% OF COMPETITIVES
  • US TSY 52W BILL AUCTION: INDIRECTS TAKE 82.24% OF COMPETITIVES
  • US TSY 52W AUCTION: BID/CVR 3.82

EURUSD TECHS: Corrective Pullback

Sep-02 17:00
  • RES 4: 1.1851 High Sep 10 2021
  • RES 3: 1.1829 High Jul 01 and the bull trigger 
  • RES 2: 1.1789 High Jul 24 
  • RES 1: 1.1743 High Aug 22
  • PRICE: 1.1663 @ 16:03 BST Sep 2
  • SUP 1: 1.1574/1.1528 Low Aug 27 / Low Aug 5 
  • SUP 2: 1.1392 Low Aug 1 and bear trigger 
  • SUP 3: 1.1373 Low Jun 10 
  • SUP 4: 1.1313 Low May 30 

Despite Tuesday’s sell-off in EURUSD, the trend set-up remains bullish and weakness is considered corrective. Note that the pair has recently pierced key support around the 50-day EMA, currently at 1.1611. A clear break of the average would signal scope for a deeper retracement and potentially expose key medium-term support at 1.1392, Aug 1 low. Key resistance and the bull trigger is 1.1829, Jul 1 high. A breach would resume the primary uptrend.  

PIPELINE: Corporate Bond Update: Supply Blizzard Getting Underway

Sep-02 16:51
  • Date $MM Issuer (Priced *, Launch #)
  • 09/02 $1.75B #Sumitomo Mitsui $750M 3Y SOFR+75, $500M 5Y +65, $500M 11NC10 +115
  • 09/02 $1.5B #ING PerpNC7 7.0%
  • 09/02 $1B #Norinchukin $500M 5Y +93, $500M 10Y +108
  • 09/02 $2B AIIB WNG 5Y SOFR +34a
  • 09/02 $Benchmark Merck 2Y +45a, 2Y SOFR, 5Y +70a, 7Y +80a, 10Y +90a, 30Y +100a
  • 09/02 $Benchmark CIBC 3NC2 +80a, 3NC2 SOFR, 6NC5 +100a, 6NC5 SOFR
  • 09/02 $Benchmark Jersey Central Power +3Y +55, +5Y +70, +10Y +90
  • 09/02 $Benchmark MUFG 6NC5 +105a, 11NC10 +120a, PerpNC10 6.875a
  • 09/02 $Benchmark Volkswagen Grp of AM 2Y +110a, 3Y +120a, 5Y +135a
  • 09/02 $Benchmark Royalty Pharma +5Y +93, 10Y +118, 30Y +128
  • 09/02 $Benchmark Kingdom of Saudi Arabia Sukuk 5Y +95a, 10Y +105a
  • 09/02 $Benchmark Mitsubishi 3Y +65a, 3Y SOFR, 5Y +75a, 10Y +90a
  • 09/02 $Benchmark Cigna 5Y +105a, 7Y +115a, 10Y +125a, 30Y +140a
  • 09/02 $Benchmark American Honda 3Y +85a, 3Y SOFR, 5Y +100a
  • 09/02 $Benchmark BHP Billiton Finance +10Y +77, 30Y +83
  • 09/02 $Benchmark Toyota Cr 3Y +70a, 3Y SOFR, 7Y +95a
  • 09/02 $Benchmark Brazil 11/30 tap 5.25%, 30Y +7.55%
  • 09/02 $Benchmark Credit Agricole PerpNC10 7.5%a
  • 09/02 $Benchmark Nomura 10.75NC5.75 +160a
  • 09/02 $Benchmark Jackson National Life 5Y +105a
  • 09/02 $Benchmark Ford Motor Cr 5Y +198
  • 09/02 $Benchmark Antofagasta 10Y +175a
  • 09/02 $Benchmark Ares Capital +5Y +160
  • 09/02 $Benchmark HSBC 11NC10 +147
  • 09/02 $Benchmark Guardian Life 3Y, 7Y
  • 09/02 $Benchmark OKB 5Y SOFR+46a
  • 09/02 $500M #Orix Corp 5Y +75