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Inflation alert! Richmond Fed Governor Thomas Barkin: “I do want to learn more about what’s happening with all these lagged effects. But I also want to reduce inflation,” “And if more increases are what’s necessary to do that I’m comfortable doing that.”

Source: https://www.bloomberg.com/news/videos/2023-05-16/fed-s-barkin-on-inflation-banks-and-path-of-policy-video Article on interview: https://www.bloomberg.com/news/articles/2023-05-16/fed-s-barkin-says-he-s-willing-to-raise-rates-again-if-needed Federal Reserve Bank of Richmond President Thomas Barkin said he was still looking to be convinced that inflation has been defeated and that he’d support raising interest rates further

Inflation Alert! Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher:

"And so the question, you know, in my mind is have we gotten to that rate yet? And at this point, given the data we've gotten so far, I would say no, I don't think we're at that rate yet." https://www.

DTC Alert! Change in Funding Accounts for USD payments on Canadian securities, DTC will be changing the funding account from the account held at the Bank of Montreal (BMO) & will transition all payments to either the DTC account held at the Royal Bank

DTC Alert! Change in Funding Accounts for USD payments on Canadian securities, DTC will be changing the funding account from the account held at the Bank of Montreal (BMO) & will transition all payments to either the DTC account held at the Royal Bank of Canada or account at J.

FICC - GOV New Sponsored Member Alert! FICC is pleased to announce that effective May 22, 2023, the following firm will be added as a Sponsored Member of the Government Securities Division: Citadel Energy Marketing LLC.

Source: https://www.dtcc.com/-/media/Files/pdf/2023/5/15/GOV1475-23PDF.PDF Citadel Energy Marketing: Founded in 2014 as a merchant trading business, we have established one of the largest physical natural gas businesses in North America with a portfolio of transportation and storage assets. We are focused

Secretary of Treasury Janet Yellen to congress: "I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit..."

Secretary of Treasury Janet Yellen to congress: "I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially

Vice Chair for Supervision: "Federal Reserve supervisors did not fully appreciate the extent of the vulnerabilities as SVB grew in size and complexity."

"This meant that SVB remained well-rated through the summer of 2022, even as significant risk to the bank's safety and soundness were growing." https://www.federalreserve.gov/newsevents/testimony/barr20230516a.htm Vice Chair for Supervision Michael S. Barr Before the Financial Services Committee, U.S. House

Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision.

Whenever this happens, looks for delinquencies to increase across the board for (18-29) and (30-39). Source: Quarterly Report on Household Debt and Credit (May 2023) Source on student loan forgiveness date: https://www.forbes.com/sites/adamminsky/2023/05/15/student-loan-pause-update-why-biden-may-not-extend-it-again-and-how-it-relates-to-loan-forgiveness/?sh=64f26da14eee First, look at how much of the