BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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MNI POLITICAL RISK ANALYSIS – US Daily Brief

US
  • Treasury Secretary Janet Yellen is likely to face stiff resistance from western-sceptic countries when she tries to iron out the logistics of a Russian oil price cap in Bali this week.
  • A call between President Biden and Chinese President Xi Jinping may be key as we continue to await a decision from the Biden administration on tariffs.
  • Secretary of State Antony Blinken told his Chinese counterpart Wang Yi "there is a lot to talk about" before a widely anticipated bilateral meeting on Saturday.
  • Senate Majority Leader Chuck Schumer (D-NY) has tested positive for COVID-19 as the Senate reconvenes for one of the busiest periods of the year.
  • It is looking increasingly likely that Democrats will get a reconciliation bill to the floor before the summer recess but "it may not make substantive difference for Democrats in light of the political headwinds they face."
  • The January 6 select committee investigating the unrest on Capitol Hill will hold its seventh public hearing tomorrow.
  • President Biden will host Mexican President Andrés Manuel López Obrador at the White House tomorrow. It will be the first meeting between the two leaders since AMLO snubbed the Summit of the Americas.
  • Poll of the Day: President Biden’s age is the most important reason for Democrat voters to preference a different candidate in 2024
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