US: WSJ: Trump Admin Preparing To Sell Stock In Fannie/Freddie Later This Year
Aug-08 15:30
(Wall Street Journal) -- "The Trump administration is preparing to sell stock in mortgage giants Fannie Mae and Freddie Mac in an offering it believes could raise around $30 billion and kick off later this year, according to people familiar with the matter."
- "The plans being discussed by some administration officials could value the companies at roughly $500 billion or more combined and involve selling between 5% and 15% of their stock, some of the people said. Still up for debate is whether the mortgage giants would IPO as one company or two separate entities".
- "The CEOs of six large banks -- Morgan Stanley, JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo and Bank of America -- traveled to D.C. in recent weeks to meet with President Trump to discuss potential plans for Fannie and Freddie" .
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PIPELINE: Corporate Bond Roundup: NTT Finance 7Pt on Tap
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FED: FOMC June Minutes Preview And Instant Answers
Jul-09 15:22
The minutes of the June 17-18 FOMC meeting (released at 2pm ET) should underline the Committee's patience in making its next rate move amid heightened tariff-related economic uncertainty - our preview to the Minutes full PDF is here.
Also a reminder, we have a few Instant Answers questions - answers will be published immediately upon the release of the Minutes:
- Did any participant mention a potential scenario where rates would need to rise from current levels?
- Did staff or participants discuss the idea of lowering the ON RRP rate relative to the fed funds rate?
- Did any participant mention changing the IORB rate independently of changes to the fed funds rate?
FED: US TSY 17W AUCTION: NON-COMP BIDS $518 MLN FROM $65.000 BLN TOTAL
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