Citigroup credit market analysts to hold an analyst/industry conference call Analysts provide a credit market update on an Analyst/Industry conference call to be held on July 15 at 10:30 am.
U.S. NY Fed "Empire State" Index Preview U.S. NY Fed "Empire State" Index Preview: The first producer sentiment report of July will be released with the Empire State Index expected to ease to 17.0 (median 17.5) after an increase to 19.3 in June. Producer sentiment has improved into the spring and summer following a dip around the beginning of the year and analysts expect this strength to continue through the month of July.
Fed funds opened at 0.08% Fed funds opened at 0.08%. The rate ranged from 0.05% to 0.31250% yesterday with a 0.09% effective rate. Interbank borrowing rates were flat to higher at today's Libor fixing. The overnight dollar Libor rate rebounded to 0.09420% from 0.09340%. The 1-week rate edged up to 0.12275% from 0.12250%. The 3-month rate rose to 0.23310% from 0.23260%. And the 12-month rate was unchanged at 0.55190%. The current 5-year note remains special in the repo market at -0.95%.
House Judiciary Committee to hold a hearing The Subcommittee on Courts, Intellectual Property and the Internet holds a hearing entitled, "Moral Rights, Termination Rights, Resale Royalty and Copyright Term" on July 15 at 1 pm. Webcast Link
Senate Finance Committee to hold a hearing The Committee holds a hearing entitled, "Chronic Illness: Addressing Patients' Unmet Needs" with President & CEO Burrell of CareFirst Blue Cross and Blue Shield on July 15 at 10 am. Webcast Link
Senate Banking, Housing & Urban Affairs Committee to hold a hearing The Committee holds a hearing entitled, "The Semi-Annual Monetary Policy Report" with Federal Reserve Chairman Janet Yellen on July 15 at 10 am. Webcast Link