Trial now
GILT AUCTION RESULTS

DMO sells GBP3.25bln of the 0.125% Jan-24 gilt

EURIBOR

EURIBOR FIX

BUNDS

Far out put buyer

BRENT TECHS

(N1) Probes $70.00

US

US Senator Rob Portman (R-OH) has announced that he will not be seeking re-election at the end of his current term in 2022.

  • Portman cited the 'incivility' present in politics and partisan gridlock as reasons for him not seeking a third term in office.
  • Portman had proved a popular senator in the Buckeye state, having won election with 56.9% of the vote in 2010 before bettering his result in 2016, defeating Democratic former Ohio governor Ted Strickland with 58.0% of the vote. Had he run, expectations were that he would win re-election easily in a state that divides its US senators between Republican Portman and Democrat Sherrod Brown.
  • As of 18 Jan, the Ohio US Senate seat up for election in 2022 was viewed by Cook Political Report as 'solid Republican' and 270ToWin as 'likely Republican'. With the incumbent standing down, the Democrats may have a better prospect of taking the seat.
MNI London Bureau | +44 203-865-0981 | tom.lake@marketnews.com