FED: Republicans Suggest Senate, Not DoJ, Could Investigate Powell - Semafor
Feb-12 10:10
Highlights from the piece:
- "In a closed-door meeting with Senate Republicans Wednesday, Treasury Secretary Scott Bessent agreed with lawmakers who suggested the Senate Banking Committee could investigate Federal Reserve Chair Jerome Powell, instead of the Justice Department, people in the room told Semafor."
- "One of the sources, a lawmaker, said they interpreted the exchange as “testing the waters” to see if the arrangement could get Sen. Thom Tillis, R-N.C., to lift his blockade on Fed nominees".
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ITALY AUCTION RESULTS: 2.40% Mar-29 BTP Results
Jan-13 10:05
| 2.40% Mar-29 BTP* | Previous | |
| ISIN | IT0005689960 | IT0005660052 |
| Amount | E4bln | E3bln |
| Avg yield | 2.48% | 2.580% |
| Bid-to-cover | 1.45x | 1.46x |
| Avg Price | 99.82 | 99.37 |
| Pre-auction mid | 99.351 | |
| Previous date | 11-Dec-25 |
GILT AUCTION RESULTS: 1.125% Sep-35 Linker
Jan-13 10:03
| 1.125% Sep-35 Linker | Previous | |
| Amount | GBP0.90bln | GBP1.50bln |
| Avg yield | 1.432% | 1.571% |
| Bid-to-cover | 4.81x | 2.94x |
| Avg price | 97.230 | 95.925 |
| Pre-auction mid | 96.850 | 96.110 |
| Previous date | 28-Oct-25 |
SOFR: SFRM6/Z6 Sold
Jan-13 10:00
Recent trade in SFRM6/Z6 sees 3K given at -24.0.
