STIR: Repo Reference Rates
Jul-27 12:01
- Secured Overnight Financing Rate (SOFR): 5.06%, $1.452T
- Broad General Collateral Rate (BGCR): 5.04%, $589B
- Tri-Party General Collateral Rate (TGCR): 5.04%, $582B
- (rate, volume levels reflect prior session)
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STIR: Repo Reference Rates
Jun-27 12:01
- Secured Overnight Financing Rate (SOFR): 5.05%, $1.429T
- Broad General Collateral Rate (BGCR): 5.03%, $610B
- Tri-Party General Collateral Rate (TGCR): 5.03%, $596B
- (rate, volume levels reflect prior session)
US: MNI POLITICAL RISK - White House Bets On "Bidenomics"
Jun-27 11:58
- US officials have stressed that the weekend’s rebellion by Wagner Group mercenaries led by Yevgeny Prigozhin is an internal Russian matter and headed off any accusations of US involvement.
- President Biden will continue his “Bidenomics” tour today with two fundraising events in Chevy Chase, Maryland - part of a broader strategy to improve messaging on the economy.
- US Treasury Secretary Janet Yellen may visit China in early July for her first high-level economic talks with her new Chinese counterpart.
- Multiple news outlets have released an audio recording appearing to reveal former President Donald Trump candidly discussing a highly confidential document about Iran with a publisher and aide.
- Florida Governor Ron DeSantis (R-FL) has unveiled a plan to secure the southern border with Mexico as the first formal initiative of his presidential campaign.
- The United States is expected to announce a new USD$500 million package of military aid for Ukraine today.
- Poll of the Day: Senator Tim Scott (R-SC) has “risen sharply” as the second-choice Republican Presidential candidate.
Full article: US Daily Brief
US TSYS: What to Watch: US Data, ECB Central Bank Forum
Jun-27 11:55
- US rates trading mildly weaker ahead a solid round of data this morning. Muted summer volumes overnight (TYU3 <225k) as markets await Durable & Capital Goods orders at 0830ET.
- House Price index and New Home Sales at 0900ET and 1000ET respectively. Conf. Board Consumer Confidence and Richmond Fed Mfg Index also at 1000ET followed by Dallas Fed Services Activity at 1030ET.
- Treasury auctions continue: $50B 42D Bill CMB auction at 1130ET, $43B 5Y Note auction (91282CHK0) at 1300ET.
- While there are no scheduled Fed speakers again today, focus on ECB Central Bank Forum underway in Sintra. Fed Chair Powell, ECB Lagarde, BOJ Ueda and BOE Bailey on policy panel event Wednesday at 0930ET.
- Also of interest, the Federal Reserve Board annual bank stress tests results will be tomorrow afternoon at 1630ET.
- Month/quarter end extension trade expected later in the week/ahead upcoming Independence day holidays (early close next Monday, markets closed Tuesday, July 4).
