TREASURY WATCH: WAR FEARS FADE, SAUDIS SPEED OIL COMBEBACK; FED’S 2ND REPO BOOST
By Denny Gulino THE TREASURY DEPARTMENT (MaceNews) – As probabilities of a rate cut Wednesday kept falling and the Saudis get more optimistic about maintaining oil shipments, the Tuesday news was highlighted by the Federal Reserve’s resurrection of its money market support, now set to be implemented for a second day. The Fed’s daily report […]
US TREASURY’S MNUCHIN: FURTHER FINANCIALLY ISOLATING CUBA
–Remittances to Cuban Relatives Limited to $1,000 a Quarter WASHINGTON (MaceNews) – The following is the U.S. Treasury’s announcement Friday of additional financial sanctions being applied to Cuba: Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to further implement President Trump’s June 2017 National […]
US TSY’S HSING FINANCE REFORM PLAN SEES RECAPITALIZATION
–Limited Federal Guarantee Would Remain, Backing Shareholder Capital WASHINGTON (MaceNews) – The following is an excerpt of the U.S. Treasury Department Housing Finance Reform Plan unveiled late Thursday, describing those portions of the proposals that can be implemented by the White House without congressional approval: Administrative Actions To ensure stability in the housing finance system […]
US TBAC RPT: 1-YR SOFR LINKER COULD PRICE ‘BETTER’ THAN TSY 1-YR
–US Treasury’s Quarterly Refunding As Expected, Raises $26.7 Bln New Cash WASHINGTON (MaceNews) – In their quarterly refunding announcements Wednesday morning, U.S. Treasury officials again said no decision has been reached on a SOFR 1-year floating rate note while the private-sector Treasury Borrowing Advisory Committee suggested it’s looking forward to it. Treasury has said a […]