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Citadel Securities has entered the U.S. corporate bond market, which is valued at $10 trillion. Citadel: “less electronified and more idiosyncratic, so it requires some further refinement in how we’re leveraging our existing franchise”.

Source: https://www.ft.com/content/9a45f0f3-b2b6-4c94-a453-519d7252d4b5 Highlights: * Citadel Securities’ entry into America’s $10tn corporate bond market looks set to turbo charge an electronic trading revolution in an asset class once dominated by large banks and telephone transactions, say investors and industry executives. * Ken Griffin’s high-frequency market-making firm,

Minneapolis Fed President Neel Kashkari wants to run a new high-inflation stress test on banks to identify at risk banks.

Inflation Alert! Minneapolis Fed President Neel Kashkari wants to run a new high-inflation stress test on banks to identify at risk banks. Kashkari: "the historical record shows that banks are unlikely to take meaningful actions to enhance their resiliency against this risk on their own" Executive Summary: Wut

Federal Reserve Alert! The Federal Reserve Board announces that results from its annual bank stress tests will be released on Wednesday, June 28, at 4:30 p.m. EDT. Additional details inside.

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230614a.htm The Federal Reserve Board announced on Wednesday that results from its annual bank stress tests will be released on Wednesday, June 28, at 4:30 p.m. EDT. Stress tests are one supervisory tool used to measure whether banks have adequate

Hedge Fund Industry Asset Flow Report May 2023: "May marked the 12th consecutive monthly net outflow for the hedge fund industry. It was also the largest net outflow for the month of May we’ve seen since at least 2009."

https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-may-2023/ Aggregate Net Outflows Persist Amid Low Volume of Asset Movement May marked the 12th consecutive monthly net outflow for the hedge fund industry. It was also the largest net outflow for the month of May we’ve seen since at least 2009. While not

CFTC Alert! CFTC Whistleblower Office Director Christopher Ehrman Steps Down. In Almost Exactly 10 Years as the Director, Led 36 Award Grants Totaling $330M Since its First Award in 2014. In Comparison, The SEC Led 328 Awards of $1.3B Since 2012

https://www.cftc.gov/PressRoom/PressReleases/8751-23 The Commodity Futures Trading Commission today announced the Director of the Whistleblower Office Christopher Ehrman will step down from his role today. Mr. Ehrman has led the Whistleblower Office since joining the agency in 2013. “I am grateful to Chris for his dedication

Federal Reserve Alert! 109th Annual Report of the Board of Governors of the Federal Reserve System to Congress: "Based on a number of measures, leverage at hedge funds during 2022 stood above its historical average." Hedgies R Fukt!

https://www.federalreserve.gov/publications/files/2022-annual-report.pdf This report covers the calendar-year operations and activities carried out by the Board in its five key functional areas: (1) monetary policy, (2) financial stability, (3) supervision and regulation, (4) payment system and Reserve Bank oversight, and (5) consumer and community affairs.

U.S. Economy in a Snapshot Overview of the July 2023 Snapshot: Q1 GDP Growth Slows but Remains Solid, Driven by Consumption, Government Spending, and Net Exports; June Sees Solid Payroll Growth and Slight Drop in Unemployment;

Food-at-Home Index 25% Above its 2019 Average. https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot * GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. * Consumer