The spot rate had stood as high as $1.34 in September. Much of this is certainly down to the dollar strength mentioned earlier - a consequence of market expectations that US interest rate cuts will be few and far between this year as Donald Trump piles upwards pressure ...
Recall, SOFR, today is at 4.31%, thus, intrinsically, the April 95.5 call option is 10 bps IN-THE-MONEY. (Nomenclature note: take 100 minus the 95.5 call option strike price to get the 4.5% interest rate) The reason is because the option’s underlying is NOT the daily overnight SOFR ...
A breakdown from the Office of Management and Budget found that just $22 billion of $500 billion designated to Treasury Department for business loans has been spent. In formulating a future stimulus bill, Republican leaders and the administration do not have a uniform stance yet on what would s...
Edwards is the heroic former Treasury official who tried in vain to get her superiors in the federal government to act on her concerns. Left with no other options to get action, she turned over documents to a BuzzFeed News reporter that became ...
"The sell-off which we are seeing for gold is mainly due to the reason that some Fed members have created noise again that November meeting could be live when it comes to the interest rate. Although it sounds extremely bizarre because we also have the US election in that particular month,...
This comes after a superior economic performance from the US prompted markets to begin flirting with the possibility of four 2018 rate hikes from theFederal Reserverather than three. In addition, President Trump's budget-busting tax reforms have got US Treasury Bill issuance...