Armada Daily Repo Summary Archive

2026-09-14

192 items scanned · 7 actionable · tap any headline to open its briefing
Regulatory & Enforcement
Senate Republicans Post Revised CLARITY Act Text Five Days Before Cloture Vote
Crypto desk: revised bill imposes CFTC registration and BSA obligations on non-decentralized trading protocols, directly shaping permissible counterparty and collateral structures.
SEC, FDIC, CFTC, Fed, and Bank of England Hold CCP Resolution Tabletop Exercise
Traditional repo desk: a cross-border CCP resolution drill signals heightened regulatory focus on FICC and other CCPs that clear Armada's Treasury and agency repo trades.
Traditional Repo & Rates
US 10-Year Treasury Yield Breaches 5% on Inflation and Supply Concerns
Traditional repo desk: surging 10-year yields signal mark-to-market losses on Treasury collateral and potential margin pressure on existing repo books with asset manager and hedge fund counterparties.
Fed Rate-Hike Expectations Rise as G7 Central Banks Face Inflation Pressure
Traditional repo desk: a potential Fed rate hike would reprice SOFR overnight and term rates, affecting floating-rate repo funding costs and FOMC-sensitive collateral positioning.
Tokenized Collateral
XRP and Solana ETFs Draw $3B in Flows as Dogecoin ETF Launch Disappoints
Crypto desk: strong SOL ETF inflows validate institutional demand for Solana exposure, supporting SOL as viable repo collateral, while DOGE underperformance reinforces exclusion of meme assets.
Aave V4 Proposal Seeks to Onboard Societe Generale's MiCA-Compliant Euro Stablecoin EURCV
Crypto desk: EURCV onboarding by a regulated banking group under MiCA could expand euro-denominated collateral options relevant to Armada's crypto-repo counterparties with European exposure.
DeFi Benchmarks (Aave / Compound)
Aave V3 Risk Stewards Raise USDe Base Rate to 6.30%, Adjust Slope1 Across Deployments
Crypto desk: USDe rate changes on Aave V3 serve as a benchmark for on-chain stablecoin borrowing costs, informing LTV and rate calibration for Armada crypto-repo facilities collateralized by similar assets.