Express News | White House Press Secretary: Trump hopes to sign the bill ending the government shutdown tonight; October employment report may never be released.
Countdown to End of U.S. Government Shutdown: House to Vote on Temporary Funding Bill Wednesday Evening
House Republican Leader Scalise stated that the vote on the bill might take place around 7 p.m. Eastern Time on Wednesday, expressing confidence that sufficient support from Democratic lawmakers could be secured. The White House Press Secretary noted that this government shutdown may reduce Q4 economic growth by two percentage points, and the October CPI and employment reports "might never be released."
Tech Voices: Waymo's Freeway Robotaxis, Anthropic's $50B Buildout
Besant reiterated the 'gradual' adjustment of U.S. Treasury issuance, emphasizing market stability as the top priority.
U.S. Treasury Secretary Bessent stated that the scale of U.S. Treasury auctions would remain unchanged in the coming quarters, but the U.S. Department of the Treasury is "closely monitoring potential long-term changes in demand for specific U.S. Treasury securities" and will make adjustments accordingly. Bessent emphasized the principle of maintaining "regular and predictable" issuance and has begun considering increasing the issuance of long-term bonds to diversify maturities, reduce rollover risks, and avoid market disruptions.
U.S. investment-grade bond issuance reaches a new high since 2020, with global bond markets experiencing a record-breaking year.
This year, the issuance of U.S. investment-grade bonds has surpassed last year's total of $1.496 trillion, although it remains significantly below the historical peak of $1.75 trillion recorded in 2020. Strong investor demand since the beginning of this year, coupled with interest rate cuts by central banks in multiple countries worldwide, has created an exceptionally favorable market environment for borrowers. For the first time ever, global bond issuance has broken through the $6 trillion mark, reaching a new record high.
Express News | Hassett: Willing to serve as Fed Chair if given the opportunity, advocates for a more substantial interest rate cut.