STIR: Rates Find Support After Slipping On Trump Wanting Hassett To Stay Put

Jan-16 16:22

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* SOFR futures have found some support after the initial sell-off on Trump saying he wants to keep...

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EURIBOR OPTIONS: U6 Call Spread Buyer

Dec-17 16:19

ERU6 98.1875/98.3125 call spread, paper pays 1.75 in 10k

FED: US TSY 17W AUCTION: NON-COMP BIDS $404 MLN FROM $69.000 BLN TOTAL

Dec-17 16:15
  • US TSY 17W AUCTION: NON-COMP BIDS $404 MLN FROM $69.000 BLN TOTAL

FED: Bessent Pushes Back On Latest Criticism Of Hassett As Potential Fed Chair

Dec-17 16:11
  • "*BESSENT: ANY CONCERN ON HASSETT AT FED 'IS ABSURD'
  • *BESSENT: HASSETT IS EMINENTLY QUALIFIED, WITH VIEWS OF HIS OWN" - bbg

Bessent echoing his stance although this time following Politico late yesterday citing three people familiar with the matter that Trump officials have raised doubts about Hassett. Despite those latest reports, Hassett's probability of becoming next Fed chair is higher on the day at 55%. Waller (23%) has overtaken Warsh (18%, down from almost 50% at one point in the last two days) with the two seemingly vying for the role if Trump wants to go down the route of choosing a previous Fed Governor. (All probabilities from Polymarket)

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Source: Polymarket