FED: US TSY 17W BILL AUCTION: HIGH 3.670%(ALLOT 11.86%)

Jun-17 15:32

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* US TSY 17W BILL AUCTION: HIGH 3.670%(ALLOT 11.86%) * US TSY 17W BILL AUCTION: DEALERS TAKE 41.91% ...

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FED: US TSY 26W BILL AUCTION: HIGH 3.615%(ALLOT 37.69%)

May-18 15:32
  • US TSY 26W BILL AUCTION: HIGH 3.615%(ALLOT 37.69%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 27.57% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 9.20% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 63.23% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 3.07

OPTIONS: Larger FX Option Pipeline

May-18 15:32
  • EUR/USD: May20 $1.1800(E1.4bln); May22 $1.1600-15(E2.3bln), $1.1630-35(E1.8bln), $1.1700(E1.5bln), $1.1750(E1.7bln)
  • USD/JPY: May20 Y155.00($1.4bln), Y158.00($1.1bln); May22 Y157.50($1.5bln), Y158.50($1.4bln), Y159.00($1.3bln), Y160.50($1.4bln)
  • EUR/GBP: May21 Gbp0.8700(E1.2bln)
  • USD/CAD: May20 C$1.3875($1.1bln)
  • USD/CNY: May21 Cny6.7500($1.1bln), Cny6.8010($1.2bln), Cny6.9500($1.2bln)

US: Prediction Markets Leans Towards Trump In High Profile Kentucky Primary

May-18 15:20

Predictions markets are leaning slightly towards Trump-backed Republican candidate, former Navy SEAL Ed Gallrein, in his race against high-profile incumbent Thomas Massie (R-KY) in tomorrow's Republican primary election in Kentucky's fourth Congressional district. 

  • The race, the most expensive House primary in history, is one of the most closely followed of the midterm cycle. Polls indicate Gallrein holds a slight lead. Defense Secretary Pete Hegseth will travel to Hebron, Kentucky, today to campaign on behalf of Gallrein, a highly unusual political intervention from a sitting Defense Secretary.
  • Trump wrote on Truth Social, “Third Rate Congressman Thomas Massie, a Weak and Pathetic RINO from the Great Commonwealth of Kentucky, a place I love, and won big SIX TIMES, including all Primaries, must be thrown out of office, ASAP! He is the Worst “Republican” Congressman in History…”
  • The race comes as Trump reasserts influence over the grassroots of the Republican party. Yesterday's Louisiana Senate primary saw Senator Bill Cassidy (R-LA), a Republican lawmaker who voted to convict Trump in 2021, fail to make a runoff. Last month, five Republican state senators in Indiana were unseated by Trump-backed primary challengers in retaliation for rejecting a call to gerrymander the state’s House map.
  • If the GOP holds the lower chamber in November, with a similarly narrow majority, Massie’s re-election could again provide a significant block to Trump’s legislative agenda for the remaining two years of his term. 

Figure 1: KY-04 Republican Primary Election

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Source: Kalshi