US: MNI POLITICAL RISK - US Daily Brief

Mar-30 12:25
  • House Republicans may be stepping back from their ambitious debt ceiling objectives as momentum gathers for a short-term solution to prevent a default.
  • Senator Joe Manchin (D-WV) has escalated criticism of the Biden administration’s implementation of Inflation Reduction Act.
  • House Republicans are expected to pass their flagship energy legislation HR1 this week.
  • Former Vice President Mike Pence, a likely candidate for president in 2024, has staked out a position on Ukraine firmly opposed to the Ukraine-sceptic isolationism of former President Donald Trump and Florida Governor Ron DeSantis (R-FL).
  • The White House has downplayed tensions with Israel after reports that private messages from President Biden may have convinced Prime Minister Benjamin Netanyahu to put the brakes on his judicial reform plan.
  • Senator John Fetterman (D-PA) is expected to return to the Senate in late April.
  • The White House has warned China not to use a US 'transit' from Taiwanese President Tsai ing-Wen "as a pretext to step up aggressive activity around the Taiwan Strait."
  • Poll of the Day: Americans are increasingly concerned that tensions between China and Taiwan are a problem for the US.
Full article: US Daily Brief

Historical bullets

OPTIONS: Larger FX Option Pipeline

Feb-28 12:25
  • EUR/USD: Mar01 $1.0425-35(E1.7bln), $1.0495-10(E1.8bln), $1.0590-00(E1.0bln), $1.0690-05(E1.4bln); Mar02 $1.0595-10(E1.9bln), $1.0620-25(E1.5bln); Mar03 $1.0500(E1.8bln), $1.0600(E1.7bln), $1.0700-05(E1.3bln)
  • USD/JPY: Mar02 Y132.00($1.1bln), Y132.50-60($1.2bln)
  • EUR/GBP: Mar01 Gbp0.8850(E1.1bln)
  • AUD/USD: Mar01 $0.6776-90(A$1.1bln)
  • NZD/USD: Mar01 $0.6250(N$1.2bln)
  • USD/CNY: Mar01 Cny7.2500($2.0bln); Mar03 Cny6.9000($1.3bln)

PIPELINE: $2B Bank of England 3Y Guidance Set

Feb-28 12:16
  • Date $MM Issuer (Priced *, Launch #)
  • 02/28 $2B Bank of England 3Y +13
  • 02/28 $Benchmark SMFG taps 3Y +120a, 5Y +160a, 7Y +170a, 10Y +190a
  • February finishing strong after total $19.65B corporate bonds priced Monday from 17 names.

EUR: EURSEK targets 11.1000

Feb-28 12:13
  • EURSEK now targets the 11.1000 handle, after the pair looked to have found a base around the 10.9882 area last week, also the lowest print since the 19th December.
  • A break above the latter, opens to 11.1611, the 38.2% very short term retrace of the February fall.