It is the 22nd of September 2017

News

Someone Just Placed A Massive Bet That Yellen Will Surprise Investors Tomorrow

Yesterday afternoon ar around 1450ET, someone placed a huge 10,750 contract bet on the eurodollar strip - hoping that Janet Yellen will flip-flop back to her hawkish side and reignite expectations for a faster pace of interest-rate increases when she speaks tomorrow in Jackson Hole.

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In Early Concession, Trump Plans Meeting With GOP, Democrat Leaders

In what appears to be the first major concession to Congressional Republican (and Democrat) leaders from the confrontational, "post-Phoenix rally" Trump, whose vow to "build that Wall" even if it means shutting down the government has spooked markets and sent Oct 12 T-Bill yields surging, Politico reports that the president is quietly organizing a meeting with McConnell and Ryan as well as Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi shortly after the August recess ends. The key topics of conversation will be avoiding a federal default and a government shutdown.

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