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CFTC CANCELS the Commission Open Meeting for 11/1/23

CFTC CANCELS the Commission Open Meeting for 11/1/23 to Consider Proposed Rule on Investment of Customer Funds by Futures Commission Merchants & Derivatives Clearing Organizations. Instead is being handled via CFTC's seriatim process.

What are they canceling? What is a seriatim process? Wut Mean? An open meeting has shifted to a closed so the commissioners can vote on an enforcement matter? TLDRS: * CFTC CANCELS a Commission Open Meeting on November 1 to Consider a Proposed Rule on Investment of Customer Funds by Futures

Ontario’s securities regulator barred Traynor Ridge Capital Inc.

Ontario’s securities regulator barred Traynor Ridge Capital Inc. (a Toronto-based hedge fund) from trading after its lead manager died and dealers were hit with large losses on the firm’s trades.

Wut Mean?: * The Ontario Securities Commission (OSC) has temporarily suspended trading for Toronto-based hedge fund Traynor Ridge Capital Inc. following the death of its lead manager and significant losses incurred by dealers. * The suspension and investigation were triggered by a series of failed trades that resulted in losses ranging from

Short Sale-Related Data Collection: Effective Date is within 60 days from 11/1/23.

SEC Alert! Notice of the Text of the Amendment to the National Market System Plan Governing the Consolidated Audit Trail for Purposes of Short Sale-Related Data Collection: Effective Date is within 60 days from 11/1/23.

Background: Short selling involves a sale of a security that the seller does not own, or a sale that is consummated by the delivery of a security borrowed by, or for the account of, the seller. In order to deliver the security to the purchaser, the short seller will generally

EMPLOYMENT COST INDEX – SEPTEMBER 2023

Inflation Alert! Bureau of Labor Statistics: Seasonally Adjusted, Employment Costs Jump Fastest & Highest Recorded in Data Series. More Fuel For Rate Hikes & For Rates to be Held Higher For Longer. South Park Called It!

Wut Mean? Total compensation costs for civilian workers (includes wages, salaries, and benefits of workers in the private sector and in state & local governments—increased 1.1% 3-month seasonally adjusted and 4.9% seasonally adjusted, over the past 12 months the Bureau of Labor Statistics reported this morning. This

Economy Statement by Eric Van Nostrand

Treasury: "Excluding food and energy prices, core inflation is likely to stay above the Federal Reserve’s 2-percent target throughout 2023, reflecting rising prices for housing and other core services."

Highlights: * In the third quarter, real GDP grew at the fastest rate since late 2021, boosted by strong household consumption and a stronger build in private inventories. * Labor force participation rate rose to a post-pandemic high while the prime-age participation rate (those aged 25 to 54) advanced to its highest

Treasury Announces Marketable Borrowing Estimates

Treasury Announces Marketable Borrowing Estimates: During the October – December 2023 quarter, Treasury expects to borrow $776 billion. During the January – March 2024 quarter, Treasury expects to borrow $816 billion.

Source: https://home.treasury.gov/news/press-releases/jy1851 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2023 and January – March 2024 quarters. During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held

Nikkei reports Bank of Japan will contemplate making additional modifications to its yield curve control (YCC) framework.

Nikkei: At its monetary policy meeting Tuesday, the Bank of Japan will contemplate making additional modifications to its yield curve control (YCC) framework. This could permit the yields of 10-year Japanese government bonds to exceed 1%.

Source: https://asia.nikkei.com/Economy/Bank-of-Japan/BOJ-to-tweak-policy-again-to-allow-10-year-yields-to-exceed-1 Highlights: * "The Bank of Japan is set to consider a further adjustment to its yield curve control (YCC) framework at Tuesday's monetary policy meeting, potentially allowing 10-year Japanese government bond yields to rise above 1%, sources close to the