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
  • President Biden is shortly due to touch down in Tel Aviv, Israel to begin his anticipated tour of the Middle East but most observers will awaiting the second leg of the trip when Biden travels to Saudi Arabia for two key meetings.
  • The January 6 Committee held its seventh public hearing yesterday.
  • Senate Majority Leader Chuck Schumer (D-NY) says he is confident that a reconciliation bill will be ready to hit the floor before the Summer recess but dissenting voices are beginning to emerge within the Democratic Caucus as lawmakers fear a bill gutted to appease Senator Joe Manchin (D-WV).
  • The Biden administration is launching an assault on the Senate today in an attempt to push the USICA/CHIPS bill across the line.
  • The Senate Appropriations Committee has confirmed that draft legislation for government funding is scheduled to be released to the public by the end of July.
  • As young voters depart President Biden, policy expert John Hudak has suggested a 'relatively straightforward' option for winning back appeal.
  • Senate Foreign Relations Committee Chair Bob Menendez (D-NJ) has maintained opposition to a critical Biden pledge.
  • Poll of the Day: Biden and former President Donald Trump are losing support amongst their own parties for a 2024 presidential bid.
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