STIR: Repo Reference Rates
Apr-28 12:16
- Secured Overnight Financing Rate (SOFR): 4.81%, $1.337T
- Broad General Collateral Rate (BGCR): 4.78%, $545B
- Tri-Party General Collateral Rate (TGCR): 4.78%, $538B
- (rate, volume levels reflect prior session)
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US TSYS: What to Watch: Fed Speak, Pending Home Sales, Tsy Auctions
Mar-29 12:15
- Treasury futures are currently trading mildly higher, stocks making modest gains (SPX Eminis +32.0) as concerns over regional banks continues to gradually subside.
- Front month Treasury futures are near the middle of a comparatively narrow overnight range compared to levels over the last couple weeks, generally calm ahead light data today with Pending Home Sales MoM (-3.0% est vs 8.1%prior) at 1000ET.
- Fed-Speak: NY Fed Supervision head Dianne Dobbeck will answer questions at a Bankers Assn event at 0805ET while Vice Chairman continues to make the rounds with remarks community reinvestment act at 0830ET and again at 1000ET at a House Financial Services Panel testimony.
- Unconfirmed, some wires report Fed Chairman Powell will attend a GOP lunch today, citing a GOP, to discuss the debt limit, budget and banking issues.
- US Treasury auctions: $22B 2Y Note FRN (91282CGF2) and $36B 17W Bill auctions at 1130ET; $35B 7Y Note auction (91282CGS4) at 1300ET.
STIR: Repo Reference Rates
Mar-29 12:04
- Secured Overnight Financing Rate (SOFR): 4.84%, $1.345T
- Broad General Collateral Rate (BGCR): 4.80%, $515B
- Tri-Party General Collateral Rate (TGCR): 4.80%, $504B
- (rate, volume levels reflect prior session)
RATINGS: Fitch Write Sovereign Defaults are at Record High
Mar-29 11:45
Full piece here: https://www.fitchratings.com/research/sovereigns/s...
- There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report.
- A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia
