Free Trial
USDJPY TECHS

Support Appears Exposed

EUROZONE T-BILL ISSUANCE

Bill Supply for W/C May 16, 2022

RATINGS

A Busier Slate This Week

EURGBP TECHS

Tuesday’s Low Is Still Intact

JGBS

A Firm End To The Week

AUSSIE BONDS

Tight, Pre-Election Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
WHITE HOUSE

White House confirms that following his talks with Dems on the Hill early this morning, President Joe Biden will address the nation at 1130ET (1630BST, 1730CET) on the 'Build Back Better' social safety net plan and his administration's spending plans.

  • Comes after headlines from FOX and WaPo indicated that a framework for reaching a deal on Build Back Better was set to be announced, but Congressional reporters now muddying the waters, with many stating there appears to still be a substantial amount of work to be done to get leftist and centrist Dem senators on board.
  • Justin Sink at BBG tweets: "seems like best framing for today is "biden is going to try to sell notion talks far enough along for progressives to vote on infra bill / allies to step up climate action" rather than "they've actually sorted out framework of what's in and how to pay for it".
  • Heather Caygle at Politico tweets on the difficulties faced by Biden admin in getting all Dem sens on side: "Last night Sen. Sanders said it was "inconceivable" he would agree to deal as currently structured. So unless Sanders has signed on, calling it a deal is fishy. Without Sanders, House leadership still has a left flank problem, no matter what Manchin and Sinema have agreed to."
MNI London Bureau | +44 203-865-0981 | tom.lake@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.