Free Trial
US TSY FUTURES

Bonds Bounce on Russia Withdrawal Headlines Too

US 10YR FUTURE TECHS

‌‌(Z2)‌‌ Sights Are On The Bear Trigger

OIL

EIA Weekly Petroleum Status Report Summary

US TSY FUTURES

BLOCK, 10Y Buy

BONDS

EGB/Gilt - Gilt outperforms

OIL

Europe Oil Inventories Increased in October

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

House Of Representatives Passes Short-Term Government Funding Bill

US

The US House of Representatives has passed a short-term funding bill to keep the federal government open until December 16.

  • House Majority Leader Steny Hoyer (D-MD) said ahead of the vote: "We must continue to provide Ukraine with assistance that enables it to push Russian forces back from its territory, which is why I will bring a continuing resolution to the Floor today that includes $12 billion for Ukraine’s defense requested by [President Biden]."
  • The bill includes USD$12 billion in additional aid for Ukraine, disaster aid for New Mexico and other states, and a five-year reauthorization of FDA user fees.
  • It does not include Senator Joe Manchin’s (D-WV) energy permitting reform, COVID-19 or Monkeypox funding, or funds to replenish the Strategic Petroleum Reserve. Significant concessions to the GOP to facilitate a deal.
  • The mid-December extension date will give Democrats a chance to pass a FY23 budget during the “lame-duck” session of Congress - after the midterms and before the new Congressional session begins in January.
  • Lawmakers will now head home until after the general election on November 8.
175 words

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.

The US House of Representatives has passed a short-term funding bill to keep the federal government open until December 16.

  • House Majority Leader Steny Hoyer (D-MD) said ahead of the vote: "We must continue to provide Ukraine with assistance that enables it to push Russian forces back from its territory, which is why I will bring a continuing resolution to the Floor today that includes $12 billion for Ukraine’s defense requested by [President Biden]."
  • The bill includes USD$12 billion in additional aid for Ukraine, disaster aid for New Mexico and other states, and a five-year reauthorization of FDA user fees.
  • It does not include Senator Joe Manchin’s (D-WV) energy permitting reform, COVID-19 or Monkeypox funding, or funds to replenish the Strategic Petroleum Reserve. Significant concessions to the GOP to facilitate a deal.
  • The mid-December extension date will give Democrats a chance to pass a FY23 budget during the “lame-duck” session of Congress - after the midterms and before the new Congressional session begins in January.
  • Lawmakers will now head home until after the general election on November 8.