BOE: Bailey on US tariffs: Haven't factored into assessment but watching closely

Feb-06 13:09

Bailey asked on US tariffs - he points to the box in the MPR (which I won't repeat here) but he notes "What I can assure you is that although we haven't factored in any adjustments in tariffs into our assessment, in the forecast, because, frankly, we just can't yet. We just don't know what's going to happen. And I think events of the last week have illustrated that. we are we of course follow it very, very closely."

Historical bullets

PIPELINE: $1B Kuwait Finance House (KFH) 5Y SOFR Sukuk Launched

Jan-07 13:09
  • Date $MM Issuer (Priced *, Launch #)
  • 01/07 $1b #Kuwait Finance House (KFH) 5Y SOFR Sukuk +95
  • 01/07 $Benchmark Cncl of Europe Dev Bank 5Y SOFR+45a
  • 01/07 $6B European Investment Bank (EIB) 5Y SOFR+42
  • 01/07 $500M DBJ WNG 10Y SOFR+73
  • 01/07 $Benchmark World Bank 7Y +54
  • 01/07 $Benchmark ADB 3Y SOFR+31
  • 01/07 $Benchmark CIBC 5Y SOFR+75a
  • 01/07 $Benchmark Kommunalbanken 5Y +51
  • 01/07 $Benchmark Santander 5Y +135a, 10Y +160a
  • 01/07 $Benchmark Kexim 3Y +55a, 3Y SOFR, 5Y +75a, 10Y +90a
  • 01/07 $Benchmark SMFG 5.25Y +100, 5.25Y SOFR, 7Y +110a, 10Y +120a

STIR: Repo Reference Rates

Jan-07 13:03
  • Secured Overnight Financing Rate (SOFR): 4.27% (-0.04), volume: $2.349T
  • Broad General Collateral Rate (BGCR): 4.26% (-0.03), volume: $844B
  • Tri-Party General Collateral Rate (TGCR): 4.26% (-0.03), volume: $829B
  • (rate, volume levels reflect prior session)

GILT PAOF RESULTS: GBP16.875mln of the 4.375% Jul-54 Gilt sold.

Jan-07 13:03
  • A total of GBP562.5mln had been available.
  • This leaves GBP26.096bln of the gilt in issue.