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FED

NY Fed Operational Purchase

CANADA

BOC Publishes Dates for 2022 Rate Meetings

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Expiries for Jul30 NY cut 1000ET (Source DTCC)

BOND SUMMARY

EGB/Gilt - Finding some demand at the lows

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Reports emerged earlier today from Turkey stating that the country's president, Recep Tayyip Erdogan, told US President Joe Biden that his stance on the deployment of Russian-made S-400 missiles had not changed since he reiterated his stance to former President Donald Trump.

  • Speaking to Turkish journalists on Thursday, Erdogan stated "Don't expect us to take a different step, I told him we did our part on the F-35 and paid the money required." The F-35 comment comes as the US threatens to expel Turkey from the F-35 fighter jet program, with the Pentagon raising concerns that Turkey's use of Russian-made military hardware could allow Russia to gain intelligence material on the jets.
  • The comments come after Biden and Erdogan held talks on the sidelines of the NATO summit in Brussels held on Monday.
  • The US has said that it wants Turkey not to activate the missile systems, and deploy them in the Incirlik Air Base (operated by the US) to allow for American monitoring. Ankara denied these requests from President Trump and has done the same to President Biden.