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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

Advance Notice of a Meeting Closed to Public Observation

Government in the Sunshine Meeting Notice! Advance Notice of a Meeting CLOSED to Public of the Board of Governors of the Federal Reserve System at 10:00 a.m. on Tuesday, October 31, 2023 for a discussion of Monetary Policy Issues.

TLDRS: * Advance Notice of a Meeting CLOSED to Public of the Board of Governors of the Federal Reserve System at 10:00 a.m. on Tuesday, October 31, 2023 for a discussion of Monetary Policy Issues. * On the heels of: * DTCC: A Protocol Activation Event has occurred. ISDA Determinations Committee:

Credit Event Processing for Country Garden Holdings Company Limited

DTCC: A Protocol Activation Event has occurred. ISDA Determinations Committee: a credit event has taken place with respect to Country Garden Holdings Company Limited.

Wut Mean?: Due to a financial event concerning Country Garden Holdings Company Limited, a specific protocol has been activated in the Trade Information Warehouse. All relevant records in the Warehouse will be automatically processed concerning this event, but firms have the option to opt-out for specific records before a given

Too Damn High!

Bank Term Funding Program usage reported at $109.068B, above $100B for the 21st consecutive week! An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard!

Hello, happy Friday and beginning to the weekend! Borrowing from the Bank Term Funding Program hit a NEW all time high this week ($109.068 billion)--the 21st consecutive week above $100 billion! What we are reviewing: 1. Bank Term Funding Program (BTFP) 2. Discount Window/Primary Credit 3. "

Personal Income and Outlays, September 2023

The Fed’s Favored Core PCE Price Index was up 0.4% in September and is still stuck in the inflationary doldrums. Inflation is not being tamed!

The inflation index most favored by the Fed and the one they base policy actions off of, the core PCE price index (excludes food and energy products), re-accelerated in September from August (0.1% to 0.3%), as consumers continue to spend more and more on goods and services: Inflation

Final Retirement – INTERACTIVE BROKERS LLC/IBKR SECURITIES SERVICES LLC

Is IBKR okay? Effective Tuesday, October 31, 2023 INTERACTIVE BROKERS LLC/IBKR SECURITIES SERVICES LLC will withdraw from membership in the Netting and Repo Netting of the Government Securities Division.

NETTING AND SETTLEMENT SERVICES The Netting and Settlement service of FICC’s Government Securities Division (GSD) provides centralized, automated clearance and guaranteed settlement of eligible U.S. Treasury bills, notes, bonds, strips and book-entry non-mortgage-backed agency securities. As part of its GCF Repo® service, GSD also processes transactions involving certain

Bureau of Economic Analysis Q3 2023 GDP (Advanced Estimate): +4.9% Growth.

Bureau of Economic Analysis Q3 2023 GDP (Advanced Estimate): +4.9% Growth.

Real gross domestic product (GDP) increased at an annual rate of +4.9% in Q3 of 2023 (following a +2.1% increase in Q2 of 2023), according to the "advance" estimate released by the Bureau of Economic Analysis today. Wut Mean? * Consumer spending (~70% of GDP) jumped +4%