News

The Federal Reserve accepted a total of $1.25 billion from two counterparties in its fixed-rate reverse repurchase operations.

Bahrain's Ministry of Defense: The Chief of the Bahrain Defence Force met with the Deputy Chief of the Strategic and Operational Staff of the UK Defence Staff and a delegation. The two sides discussed bilateral defense cooperation and regional security issues.

The yield on the three-year U.S. Treasury note narrowed its losses after the three-year Treasury auction; it was last down 1.6 basis points to 4.289%.

The percentage of the winning bid for the 3-year U.S. Treasury bond auction on August 11 was 18.31%, compared to 2.17% previously.

The US 3-year Treasury auction on August 11th yielded a winning bid of 4.291%, compared to 4.18% previously.

The bid-to-cover ratio for the 3-year U.S. Treasury bond auction ending August 11 was 2.71, compared to 2.6 previously.

According to CBC News, Canadian and U.S. trade officials are working on a potential agreement, which they plan to submit to Trump next week.

The U.S. Energy Information Administration currently believes that the recent threats to ships carrying Saudi oil through the Bab el-Mandeb Strait have not led to a disruption in oil production.

Market news: ZoomInfo data is now integrated into Microsoft Copilot Studio and can be used in Microsoft 365 Copilot, Dynamics 365, Excel, and Word.

Federal Reserve's Goolsby: The biggest problem facing the economy is inflation.

Federal Reserve's Goolsby: As long as consumption remains robust, the economy will remain healthy.

Federal Reserve's Goolsby: Prices and affordability are the biggest problems we face right now.

The U.S. Energy Information Administration projects that the ongoing disruption to Middle Eastern crude oil production, amounting to approximately 600,000 barrels per day, will continue until the end of 2027.

The U.S. Energy Information Administration lowered its forecast for electricity demand in Texas after the governor announced a halt to new data center development.

Federal Reserve's Goolsby: Labor market indicators show stability, but are not strong.

US President Trump: Robert is imprisoned in Russia. He will arrive in Washington, D.C. tonight.

US President Trump: We thank Russia for this decision. Russia has not asked for anything in return.

US President Trump: Robert Gilman, a US citizen and former US Marine, is returning home.

U.S. State Department: U.S. Secretary of State Marco Rubio met with the Austrian Foreign Minister to discuss ways to ensure European security and safeguard national sovereignty.

The U.S. EIA forecast for next-year natural gas production in August is 116 billion cubic feet per day, compared to 115.3 billion cubic feet per day previously.