POLAND: Polish PM-Finance Aid For Ukraine Using Frozen Russian Assets
Feb-20 16:54
Polish PM Donald Tusk posts on X "Enough talking, it's time to act! 1. Let's finance our aid for Ukr...
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US TSYS/OVERNIGHT REPO: Secured Rates, Effective Funds Flat Friday
Jan-21 16:51
Latest data shows no change to key secured rates (including SOFR) nor, unsurprisingly, effective Fed funds at the end of last week.
- As such, SOFR continues to print about 4bp below EFFR since the FOMC's 5bp downward adjustment to ON RRP in December, with BGCR and TGCR even closer to the bottom of the Fed funds target range of 4.25%.
- A pickup in bill settlements could see rates tick up on a couple of occasions this week including Tuesday and Thursday, but generally rates are expected to remain fairly tamed until the usual end-month rise.
| REPO REFERENCE RATES (rate, change from prev. day, volume): |
| * Secured Overnight Financing Rate (SOFR): 4.29%, no change, $2326B |
| * Broad General Collateral Rate (BGCR): 4.27%, no change, $884B |
| * Tri-Party General Collateral Rate (TGCR): 4.27%, no change, $869B |
| New York Fed EFFR for prior session (rate, chg from prev day): |
| * Daily Effective Fed Funds Rate: 4.33%, no change, volume: $102B |
| * Daily Overnight Bank Funding Rate: 4.33%, no change, volume: $299B |
OPTIONS: Larger FX Option Pipeline
Jan-21 16:45
- EUR/USD: Jan23 $1.0295-00(E2.7bln), $1.0400(E1.8bln), $1.0435-40(E1.0bln); Jan24 $1.0350(E1.4bln)
- USD/JPY: Jan23 Y155.00($1.6bln); Jan27 Y155.95-00($1.3bln)
- AUD/USD: Jan23 $0.6200-05(A$1.8bln), $0.6300(A$1.0bln)
- NZD/USD: Jan23 $0.5660-75(N$1.0bln)
- USD/CAD: Jan23 C$1.4450($1.1bln); Jan24 C$1.4380($1.4bln), C$1.4500($1.6bln)
- USD/CNY: Jan23 Cny7.5000($1.9bln); Jan24 Cny7.4500($1.4bln); Jan27 Cny7.6000($2.1bln)
FED: US TSY 26W BILL AUCTION: HIGH 4.165%(ALLOT 18.06%)
Jan-21 16:32
- US TSY 26W BILL AUCTION: HIGH 4.165%(ALLOT 18.06%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 24.98% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 12.82% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 62.21% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.04
