POLITICAL RISK: US Daily Brief 19 Dec-25

Dec-19 13:12

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Historical bullets

STIR: Repo Reference Rates

Nov-19 13:04
  • Secured Overnight Financing Rate (SOFR): 3.94% (-0.06), volume: $3.220T
  • Broad General Collateral Rate (BGCR): 3.90% (-0.06), volume: $1.278T
  • Tri-Party General Collateral Rate (TCR): 3.90% (-0.06), volume: $1.256T
  • (rate, volume levels reflect prior session)

GILT PAOF RESULTS: The PAOF for the 4.75% Oct-35 Gilt was not taken up.

Nov-19 13:02
  • GBP1.125bln have been on offer.
  • This leaves GBP23.000bln of the gilt in issue.

CROSS ASSET: Bonds Draw Support From Downtick In Crude

Nov-19 12:52

Weakness in crude oil futures has supported bonds over the last couple of hours or so, although pre-existing week-to-date highs in TY, Bund & gilt futures remain untouched.

  • Our commodities team notes that oil has softened as the market digests signs of renewed efforts by the U.S. to strike a Ukraine peace deal, although caution that given failed previous attempts, a deal still seems a long way off.

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