STIR: Repo Reference Rates

Jul-20 12:02
  • Secured Overnight Financing Rate (SOFR): 5.05%, $1.456T
  • Broad General Collateral Rate (BGCR): 5.03%, $589B
  • Tri-Party General Collateral Rate (TGCR): 5.03%, $581B
  • (rate, volume levels reflect prior session)

Historical bullets

GILT PAOF RESULTS: GBP937.499mln of the 4.50% Jun-28 gilt sold

Jun-20 12:02
  • A total of GBP937.5mln had been available.
  • This leaves GBP4.687bln of the gilt in issue.

STIR: Repo Reference Rates

Jun-20 12:01
  • Secured Overnight Financing Rate (SOFR): 5.05%, $1.405T
  • Broad General Collateral Rate (BGCR): 5.04%, $619B
  • Tri-Party General Collateral Rate (TGCR): 5.03%, $600B
  • (rate, volume levels reflect prior session)

US: MNI POLITICAL RISK - Democrats Try To Revive Child Tax Credits

Jun-20 12:00
  • US officials have talked up the positives of yesterday’s meeting between US Secretary of State Antony Blinken and Chinese President Xi Jinping, despite a lack of progress in defence.
  • Senate Democrats have launched a “longshot” plan to revive pandemic-era child tax benefits which may become part of a deal with Republicans to ease the passage of their business-friendly tax policy.
  • President Biden will meet business leaders and experts in artificial intelligence today as the administration struggles to alight on a strategy for regulating the technology.
  • Indian Prime Minister Narendra Modi will arrive in Washington this week ahead a White House State Visit which is expected to deliver a raft of arms deals and defence contracts designed to entice Delhi out of Moscow’s orbit and position India as a counterweight to China in the Indo-Pacific.
  • Former President Donald Trump offered a preview of his defence in his Department of Justice prosecution yesterday in a wide-ranging interview with Fox News’ Bret Baier.
  • Poll of the Day: Biden's messaging on the economy is failing to resonate with voters.
Full article: US Daily Brief