MNI CHINA LIQUIDITY INDEX: CONDITIONS TIGHTEN IN JUNE

MNI BRIEF: Aussie Monthly CPI At 4%, Higher Than Expected

MNI: PBOC Net Drains CNY28 Bln Via OMO Weds; Rates Unchanged

MNI DATA TABLE: MNI China Interbank Liquidity Index (Jun) - 1

CHINA PBOC CONDUCTS CNY250 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1248 Weds; -0.56% Y/Y

France Consumer Sentiment A Touch Below Consensus

MNI: FRANCE JUN CONSUMER SENTIMENT 89

May PPI Suggests Core Goods CPIF Disinflation Likely To Stall

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Quicktake: TD and Citi on Funding/ Debt Ceiling Bill

US
Though House Democrats passed a dual stopgap funding (through Dec 3)/debt ceiling (through 2022) continuing resolution late Tuesday, Republicans remain
opposed to the CR as long as the two measures are intertwined.
  • TD analysts believe the "fight over the debt ceiling is likely to go down to the wire again as it is complicated by the partisan reconciliation bill and the need to fund the government past September 30th. We estimate that the debt ceiling X-date will be reached around the week of October 25th, leaving Congress little time to act.
  • TD said they expect the "debt ceiling to be raised by Democrats using reconciliation or by changing filibuster rules. However, this will likely necessitate a smaller partisan fiscal package, likely in the $1.5-2tn range."
  • Citi analysts expect the CR to fail in the senate with a shutdown "now the most likely outcome. The debt limit will likely be raised or suspended in early October, but market concern may grow in coming days as the prospect for a shutdown and uncertain debt ceiling resolution grow."
  • Citi posits the "infrastructure bill vote promised on September 27th looks increasingly likely to fail or be delayed, although the bill will most likely still pass into law."
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.