Week InReview: June 2, 2023
let's recap... Photo: Pixabay | Financial Times Don’t stress about the trillion-dollar TGA rebuild Now that the US debt ceiling deal is wending its way through the Hill, some people are worried about the financial stresses that could come from the Treasury rebuilding its cash reserves with a deluge of debt sales. But Deutsche Bank’s George Saravelos argues people need to chillax. (Financial Times | Jun 1)
Week InAdvance: May 29, 2023
Mon May 29 US Memorial Day holiday. Markets and federal offices closed. Some European markets also closed for holidays, including the UK, Switzerland, and Germany. | Wed May 31 Green Swan 2023'. Fed's Beige Book. | Thu Jun 1 First day of meteorological summer. | Fri Jun 2 BRICS Summit. US unemployment.
Week InReview: May 26, 2023
Crawling closer. Photo: Graeme Sloan | Bloomberg Republicans and the White House are narrowing their differences over raising the US debt limit but still haven’t reached an agreement to avert an approaching default. GOP Representative Patrick McHenry said the list of issues dividing the two camps had grown shorter. Should a deal be reached soon, Tuesday is emerging as the likely day for a House vote. The Senate would then need to act quickly to send it to Biden’s desk before June 1, the date by which Treasury Secretary Janet Yellen has said her department could run out of cash. Meanwhile, the economic impact of a debt ceiling deal will have ripple effects for presidential candidates in 2024 — and even in 2028.
Market Practices Council industry update
10:30 AM to 11:00 AM EDT
CMBS Council industry update
4:00 PM to 4:15 PM EDT
Cyber Security Council industry update
11:00 AM to 11:30 AM EDT
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