FED: US TSY 1Y-11M FRN AUCTION: HIGH MARGIN 0.144%; ALLOTMENT 57.11%

May-28 15:32

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* US TSY 1Y-11M FRN AUCTION: HIGH MARGIN 0.144%; ALLOTMENT 57.11% * US TSY 1Y-11M FRN AUCTION: DEALE...

Historical bullets

FED: US TSY 26W BILL AUCTION: HIGH 4.065%(ALLOT 20.34%)

Apr-28 15:32
  • US TSY 26W BILL AUCTION: HIGH 4.065%(ALLOT 20.34%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 30.31% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 9.95% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 59.73% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 2.80

FED: US TSY 13W BILL AUCTION: HIGH 4.200%(ALLOT 3.63%)

Apr-28 15:32
  • US TSY 13W BILL AUCTION: HIGH 4.200%(ALLOT 3.63%)
  • US TSY 13W BILL AUCTION: DEALERS TAKE 27.21% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: DIRECTS TAKE 4.24% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: INDIRECTS TAKE 68.55% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: BID/CVR 3.10

GERMANY: CDU Approves Coalition Agreement, Focus Turns To SPD Vote

Apr-28 15:29

As was widely expected, the Federal Committee of the centre-right Christian Democratic Union (CDU) has approved the coalition agreement with the centre-left Social Democrats (SPD). The Federal Committee approved the agreement with an "overwhelming majority", according to Saxony's Minister-President Michael Kretschmer, who moderated the vote. There were no votes of abstention or opposition according to FAZ. The CDU's Bavarian sister party, the Christian Social Union, approved the agreement earlier in the month. 

  • Speaking after the vote, CDU leader and chancellor-in-waiting Friedrich Merz said "The CDU/CSU and SPD did not seek each other as partners; we both fought to avoid having to form a government with the other.[...] The [political] pillars we have so naturally relied on over the past years and decades are shaking around us. [...] We are united by the goal of ensuring that Germany is once again able to act from the political centre.”
  • The SPD is holding a vote among its ~358k party members on whether to approve the agreement. This closes on 29 April, with the result to be announced on 30 April. In order to pass, the measure needs majority approval with a turnout of at least 20%. Despite some opposition from the more left-wing factions of the party, the SPD membership is expected to approve the agreement. This sets the stage for Merz's election as chancellor by the Bundestag on 6 May.