STIR: Repo Reference Rates
Sep-12 12:04
- Secured Overnight Financing Rate (SOFR): 5.32% (-0.01), volume: $2.308T
- Broad General Collateral Rate (BGCR): 5.31% (+0.00), volume: $805B
- Tri-Party General Collateral Rate (TGCR): 5.31% (+0.00), volume: $769B
- (rate, volume levels reflect prior session)
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GILT PAOF RESULTS: GBP749.997mln of the 3.75% Jan-38 gilt sold
Aug-13 12:02
- A total of GBP750mln had been available.
- This leaves GBP29.21bln of the gilt in issue.
US: MNI POLITICAL RISK - Trump Looks To Expand Reach W/Return To X
Aug-13 11:58
- Former President Donald Trump returned to the social media platform X for the first time since 2021, sitting for an interview with entrepreneur Elon Musk. A presence on X, seen as central to driving the momentum of his 2016 presidential campaign, could broaden Trump’s reach to independent voters, but the interview offered little in the way of a fresh pitch to moderate voters.
- Trump’s VP nominee Senator JD Vance (R-OH) endorsed Trump’s call for the White House to have “a say” over the Fed's monetary policy decisions.
- White House press secretary Karine Jean-Pierre told reporters that President Biden supports a plan, first proposed by Trump and later adopted by Vice President Harris, to eliminate taxes on tipped earnings. The proposal, which is unlikely to become law, is likely designed to sway voters in Nevada - a key swing state that is home to thousands of workers in the service industry.
- A labour strike at East Coast ports just weeks before the presidential election is looking increasingly likely.
- White House National Security Council spokesperson John Kirby told reporters that the US agrees with an Israeli intelligence assessment that an Iranian attack on Israel could come “within days.”
- The House Freedom Caucus is pressing for a short-term government funding bill into early 2025, calculating that an end-of-year omnibus funding package could benefit Democrats.
- Poll of the Day: Pollsters are divided on whether the underlying political environment benefits Trump or Harris.
Full article: US Daily Brief
EURIBOR OPTIONS: Put Ladder seller
Aug-13 11:22
ERZ4 97.50/97.25/96.75p ladder, suggest sold at 18 in 6k.
