Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Trading news
Back
29 Oct 2024

US Treasury quarterly refunding documents – OCBC

Privately held net marketable borrowing for Q4-2024 was revised down by USD19bn to USD546bn, largely due to a higher beginning-of-quarter cash balance partially offset by lower net cash flows, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Mild downward revision to net borrowings possible

“However, US Treasury plans to borrow a net USD823bn in Q1-2025, which is on the high side of expectation; part of this estimated borrowing is for building up cash balance though, from an estimated USD700bn at end-2024 to an estimated USD850bn at end Q1-2025.”

“Issuances are distorted by the debt ceiling deadline. Estimated end-2024 cash balance is consistent with the expiration of the debt limit suspension on 1 January 2025; the increase in estimated cash balance towards end Q1-2025 assumes enactment of a debt limit suspension or increase. Netting out the expected change in cash balance, the borrowing needs would be USD673bn.”

“In addition, USD75bn of the borrowing in Q1-2025 is due to SOMA redemption; should QT end earlier, there could be a mild downward revision to net borrowings. That all being said, uncertainties abound. Meanwhile, details on individual auctions are to be announced on Wednesday.”

Oct 29, 2024

EUR/USD: Above 1.0840, EUR decline set to end – UOB Group

Euro (EUR) is likely to trade in a range, probably between 1.0790 and 1.0830.
Read more Previous
Oct 29, 2024

AUD/USD finds support ahead of mid-0.6500s, not out of the woods yet amid bullish USD

The AUD/USD pair remains under some selling pressure for the third successive day on Tuesday and drops to its lowest level since August 8, closer to mid-0.6500s during the first half of the European session.
Read more Next