Archive for February 2019
Spreading Money Markets with SOFR, Fed Funds and Eurodollars
Exhibit 1: U.S. Treasury Bill Issuance (from SIFMA) A recent JP Morgan analysis documents the positive correlative relationship between the EFFR-IOER spread and supply of outstanding Treasury bills (Exhibit 2). …
Read MorePerdue Reiterates Need to Restore Original Intent of SNAP: A Second Chance, Not A Way of Life
(Washington, D.C., February 28, 2019) – U.S. Secretary of Agriculture Sonny Perdue today reiterated during a U.S. Senate hearing the need to restore the original intent of the Supplemental Nutrition…
Read MoreUnited States Wins WTO Dispute Finding China Provides Excessive Government Support to its Grain Producers
Washington, DC – U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced today that a World Trade Organization (WTO) dispute settlement panel found that China has provided trade…
Read MoreUSDA Announces Investments to Improve Rural Electric Infrastructure and Finance Smart Grid Technologies
More than 6,200 customers will benefit from improved or new service WASHINGTON, Feb. 28, 2019 – Acting Assistant to the Secretary for Rural Development Joel Baxley today announced that USDA…
Read MoreBig Challenges for Equities, Bonds and FX Markets
Moreover, the actual question on any new referendum ballot will be the subject of intense debate. If there is a new referendum, the question on the ballot is unlikely to…
Read MoreHedging Repo Exposure in the Treasury Basis with One-Month SOFR Futures
A Treasury repurchase agreement (“repo”) is a key element of any Treasury cash/futures basis trade. For example, being long a Treasury cash/futures basis position involves a long position in cheapest…
Read MoreWhy SONIA is bored of Brexit
UK interest rate markets responded much less than GBP to the Brexit referendum in 2016. Both short-term and long-term rates fell on the news that the “leave” vote had carried…
Read MoreFebruary Ags Update
Data as of December 31, 2018, unless otherwise specified* As of January 31, 2019 Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss.…
Read MoreFed to End Diet
About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial…
Read MoreMembers of the 2020 Dietary Guidelines Advisory Committee Announced
Scientific Experts Will Review Scientific Evidence on Key Nutrition Topics to Inform Development of New Guidelines WASHINGTON, Feb. 21, 2019 – To ensure America’s dietary guidance reflects the latest science,…
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