OIL: US Reports Crude & Product Stock Drawdowns
Apr-22 21:51
Bloomberg reported that there was a significant US crude stock drawdown of 4.57mn barrels with 354k at Cushing last week, according to people familiar with the API data. Products continued their decline with gasoline down 2.18mn and distillate 1.64mn. The official EIA data is out later today.
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ASIA: Coming Up In Asia Pac Markets On Monday
Mar-23 21:09
| 2200GMT | 0600HKT | 0900AEDT | Australia S&P Global PMIs Mar P |
| 0000GMT | 0800HKT | 1100AEDT | Australia 2054 Bond Sale |
| 0030GMT | 0830HKT | 1130AEDT | Japan Jibun Bank PMIs Mar P |
| 0110GMT | 0910HKT | 1210AEDT | Japan 25yr Bond Purchase |
| 0110GMT | 0910HKT | 1210AEDT | Japan 5-10yr Bond Purchase |
| 0110GMT | 0910HKT | 1210AEDT | Japan 3-5yr Bond Purchase |
| 0110GMT | 0910HKT | 1210AEDT | Japan 1-3yr Bond Purchase |
| 0200GMT | 1000HKT | 1300AEDT | South Korea 5yr Bond Sale |
| 0335GMT | 1135HKT | 1435AEDT | China 2030 Bond Sale |
CANADA PM CARNEY TO MEET GOVERNOR GENERAL AT NOON
Mar-23 11:22
- CANADA PM CARNEY TO MEET GOVERNOR GENERAL AT NOON
- CARNEY EXPECTED TO SEEK ELECTION
US TSYS: Available "Extraordinary Measures" Pick Up Slightly From Lows
Mar-21 21:00
Treasury has $163B of "extraordinary measures" remaining for authorities to use to fend off hitting the debt limit as of March 19, per the latest release of Treasury data. That's up from $86B on Mar 17 and a low of $34B on Feb 24.
- That's a little under half of the $377B in measures available to Treasury, with most of the amount remaining ($143B) coming from the so-called "G Fund".
- This headroom is in addition to $416B in cash left in the TGA, at last count.
- We haven't seen any changes recently to "x-dates" by when Treasury will run out of cash until the debt limit is lifted.
- Consensus still centers around late July/early August, but much will depend on April's major mid-month tax take. Treasury wrote to Congress last week that they would be able to provide an update on the x-date in the first half of May, after the conclusion of tax season.
