RUSSIA: Putin Announces Nuclear Torpedo Test After Trump Lambasts Missile Launch

• Total 8,000 SOFR White packs (SFRZ5-SFRU6) +0.015 from 0755:12ET-0800:00ET
• Likely a swap-tied sale with spreads running wider in the short end

• Secured Overnight Financing Rate (SOFR): 4.16% (-0.02), volume: $2.917T
• Broad General Collateral Rate (BGCR): 4.14% (-0.03), volume: $1.154T
• Tri-Party General Collateral Rate (TCR): 4.14% (-0.03), volume: $1.113T
• (rate, volume levels reflect prior session)

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Executive summary:

• President Donald Trump will sign an executive order in the morning. Trump will present Israeli Prime Minister Benjamin Netanyahu with a US-backed 21-point proposal to end the war in Gaza or face deeper international isolation during a bilateral meeting at 11:30 ET 16:30 BST. Trump and Netanyahu are scheduled to hold a joint press conference at 13:15 ET 18:15 BST.
• At 15:00 ET 20:00 BST, Trump will meet with Congressional leaders in a last-ditch attempt to prevent a government shutdown on October 1. While a deal is possible, rhetoric from Senate Majority Leader John Thune (R-SD) and Senate Minority Leader Chuck Schumer (D-NY) suggests a shutdown is more likely than not.
• Treasury Secretary Scott Bessent has started interviewing candidates to replace Federal Reserve Chair Jerome Powell.
• Trump will join hundreds of top US military leaders for an unusual meeting in Virginia tomorrow.
• Ukrainian President Volodymyr Zelenskyy said Ukraine is working on a “mega deal” to buy weapons from the US.
• The UN reimposed economic and military sanctions on Iran after Tehran and European powers failed to reach a deal to re-engage in diplomacy with the US and allow IAEA inspectors access to the country’s nuclear facilities.
• US military officials are reportedly considering strikes on cartels within Venezuela.
• Poll of the Day: Attacks by far-left extremists outpaced far-right violence in 2025 for the first time in more than three decades.

Please find the full article attached below: US DAILY BRIEF