Shorts – Summaries

The Day Today 7th January 2022

Fed Bullard sees possible March hike, would like three hikes this year, prefers shrinking balance sheet as soon as rates rise. Fed Clarida blames “inadvertent errors” for self-trading. Moderna CEO: “I still believe we’re going to need boosters in the fall of ’22 and forward”. Military personnel brought into London hospitals as staff shortages mount…

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The Day Today 6th January 2022

Fed Minutes discuss Quantitative Tightening: “Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate”, “many participants judged that the appropriate pace of balance sheet runoff would likely be faster than it was during the previous normalization…

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The Day Today 5th January 2022

Evergrande to seek a 6 month delay to onshore bond payment. Hang Seng Tech index fell as much as 4.2% as firms backed by Tencent Holdings drop as it pares investment in the sector. Indonesia to review export ban on coal that was implemented for January to avoid domestic outages. S Korea opposition candidate Yoon…

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The Day Today 4th January 2022

Biden considering Sarah Bloom Raskin for Fed Vice Chair of Supervision. Biden announces new rules to restore “meaningful competition” in meat production as prices rise. ETFs lose $4bn in trading costs through front-running of daily rebalancing, “comparable to total management fees” according to new paper entitled ‘Should Passive Investors Actively Manage Their Trades?’ Cyberspace Administration of…

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The Day Today 22nd December 2021

President Biden said “Senator Manchin and I are going to get something done”. Singapore will freeze ticket sales for arriving flights and buses under its quarantine free travel programme for four weeks from Thursday due to the risk of Omicron. UK isolation period cut from 10 days to 7 if there are negative lateral flow tests on the sixth and seventh…

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