USD: Under continued pressure
Aug-04 13:40
- USD is under continued pressure, as Yield tumble, new intraday lows against the AUD, NOK, JPY, EUR, GBP, CHF, SGD, SEK.
- USDJPY now targets the next support at 141.45.
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GILTS: UK 10yr Yield back at 4.45%
Jul-05 13:30
- Gilt is back at testing the 4.45% Yield level, traded as high as 4.451% Yesterday, and made 4.497% high on the 20th June.
- As noted on the open, futures equivalent of Yield, continues to move up.
- Today the 4.50% level, watched by many desks equates to the 94.19 area.
US: "Bidenomics" Drive Could Backfire On White House
Jul-05 13:22
President Biden and key members of his cabinet will be dispatched across the country over the next 72 hours to tout the successes of Biden's manufacturing and infrastructure investment agenda which the White House calls “Bidenomics.”
- Today: EPA Administration Michael Regan will speak on lead pipes in Michigan.
- Tomorrow: President Biden will travel to South Carolina to deliver remarks on clean energy manufacturing. Vice President Kamala Harris will deliver remarks in Arizona on water infrastructure. Interior Secretary Deb Haaland, Health and Human Services Secretary Xavier Becerra, and Transportation Secretary Pete Buttigieg will be in New York, Ohio, and Washington State respectively to discuss offshore wind, seniors health care, and infrastructure grants.
- On Friday, Biden will deliver another speech on two of his policy initiatives – lowering prescription drug prices for seniors and ‘junk fees.’
- The locations for the events have been carefully selected to promote government investment projects in swing states ahead the 2024 general election but some analysts have warned that a stubbornly pessimistic voter view of the economy may provide Republicans opportunity to link "Bidenomics" with inflation and high energy prices.
STIR: Dec'23 SOFR Call Fly Sale
Jul-05 13:21
- -18,000 SFRZ3 95.50/96.00/96.50 call flys, 1.25 vs. 94.64/0.02%
