LATAM: Week Ahead - Argentina Vote, Mex GDP and Chile & Colombia Rate Decisions
Oct-24 15:44
* Mexico: Trade balance and unemployment data will precede the key preliminary read of Q3 GDP, par...
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FED: US TSY 1Y-10M FRN AUCTION: HIGH MARGIN 0.200%; ALLOTMENT 44.42%
Sep-24 15:32
- US TSY 1Y-10M FRN AUCTION: HIGH MARGIN 0.200%; ALLOTMENT 44.42%
- US TSY 1Y-10M FRN AUCTION: DEALERS TAKE 28.87% OF COMPETITIVES
- US TSY 1Y-10M FRN AUCTION: DIRECTS TAKE 0.89% OF COMPETITIVES
- US TSY 1Y-10M FRN AUCTION: INDIRECTS TAKE 70.23% OF COMPETITIVES
- US TSY 1Y-10M FRN AUCTION: BID/CVR 3.15
FED: US TSY 17W BILL AUCTION: HIGH 3.805%(ALLOT 60.09%)
Sep-24 15:32
- US TSY 17W BILL AUCTION: HIGH 3.805%(ALLOT 60.09%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 28.59% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 6.10% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 65.32% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 2.93
BOE: Greene due to speak on monetary policy at 17:30BST / 12:30ET
Sep-24 15:25
- Greene is due to speak on Wednesday in a speech entitled ‘Supply shocks and monetary policy’ (17:30) at the University of Glasgow Business School. We don't expect this to be market moving unless Greene says that she no longer believes that rates are restrictive. The text will be released here.
- This would be in contrast to her comments in her appearance ahead of the Treasury Select Committee on 3 September, when she said that "I think there are indications that we're still restrictive, but I'm not convinced that we're meaningfully restrictive. We've been in a rate cutting cycle for, you know, a year now, so it can't go on forever with us also being restrictive."
- Greene was also concerned about inflation persistence while being less concerned about downside risks to the labour market. We would be surprised if she changes this tone today. And we would be very surprised if she supported a November cut following her hawkish dissent in August.
