ISRAEL: Netanyahu Vows Readiness To Expand Gaza Operation Amid Broad Political Support
May-10 13:41
Prime Minister Benjamin Netanyahu said that the armed forces are ready to expand their military operation in the Gaza Strip as opposition leaders Yair Lapid and Benny Gantz issued a joint statement pledging support for the IDF.
- The Times of Israel reported that Netanyahu told mayors of southern cities that Israel is ready "both to expand the current operation and inflict heavy blows on Gaza, now and in the future."
- Meanwhile, Israeli forces continue to exchange fire with Palestinian paramilitaries. According to Ynet, the IDF estimate the number of rockets and mortars fired by the Palestinians at ~350, with some 150 exploding in Gaza or falling into the sea.
- The Israeli shekel came under pressure in morning trade but has now regained poise and sits around the middle of the EMEA pile. The pullback in USD/ILS was facilitated by greenback losses in reaction to headline U.S. CPI slowing below +5.0% Y/Y.
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STIR: May'23 SOFR Put Fly
Apr-10 13:21
- +5,000 SFRK3 94.62/94.75/94.87 put flys, 2.0
BOC: BOC Instant Answers Planned For Wednesday
Apr-10 13:18
Following are the instant answers we plan to publish from the Bank of Canada's rate meeting Wednesday.
- Overnight Rate Target (level):
- Does the Bank reiterate it expects to hold rates at the current level if the outlook evolves about as expected?
- Does the Bank reiterate it’s prepared to raise interest rates further if needed to return inflation to target?
- Does the Bank of Canada say it will LIKELY need to raise interest rates?
- Does the Bank remove the phrase saying that it will likely keep interest rates on hold?
- Does the Bank signal it COULD lower interest rates?
STIR: Effective Fed Funds Rate
Apr-10 13:13
FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 4.83% volume: $100B
- Daily Overnight Bank Funding Rate: 4.83% volume: $123B
