US DATA: Purchase Mortgage Applications Fall By Most Since July

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• President Donald Trump will be joined by senior health officials at 16:00 ET 21:00 BST to make a ‘medical and scientific’ announcement. At 17:30 ET 22:30 BST, Trump will depart for New York City, where he will deliver remarks at the United Nations General Assembly tomorrow.
• At 13:00 ET 18:00 BST, White House Press Secretary Karoline Leavitt will deliver her first press conference since September 9.
• Supreme Court Chief Justice John Roberts asked Federal Reserve Governor Lisa Cook to submit a response to the Department of Justice's case for her firing by September 25.
• Trump signed a proclamation adding a $100,000 fee for new H-1B visa applicants.
• A bipartisan group of US House Representatives arrived in Beijing on Sunday for talks with senior government officials, the first such trip since 2019.
• The implied probability of a government shutdown on October 1 spiked to nearly 70% after Congress departed for a week-long recess without a plan to fund the federal government.
• Switzerland is proposing more investment in the US as Bern seeks relief from a 39% tariff rate.
• Trump escalated his threat to Venezuelan President Nicolas Maduro for allegedly facilitating the flow of narcotics and undocumented migrants into the US.  
• Poll of the Day: Republican pessimism about the direction of the country has spiked for the first time since Trump’s second inauguration. 

Full Article: US DAILY BRIEF

• Secured Overnight Financing Rate (SOFR): 4.14% (+0.00), volume: $2.881T
• Broad General Collateral Rate (BGCR): 4.11% (+0.00), volume: $1.148T
• Tri-Party General Collateral Rate (TCR): 4.11% (+0.00), volume: $1.118T
• (rate, volume levels reflect prior session)

• Trading desks correct earlier post:
• Buy (not sale) 50,000 TYV5 114 call print at 33 (not 32) vs. 112-27.5/0.31%