Treasury bills
SBP will raise interest rates and some are predicting a giant hike
KARACHI: The State Bank of Pakistan (SBP) is likely to further tighten policy settings in its review next week to tackle runaway inflation and help the battered rupee, analysts said on Friday. The market awaits the outcome of the May 23 SBP meeting for clues on its political trajectory after a deteriorating inflation outlook, increased …
Croatia sells 123 million euros of domestic debt
ZAGREB (Croatia), May 17 (SeeNews) – The Croatian Ministry of Finance announced on Tuesday that it has sold three issues of public securities, raising 845 million kunas (118.2 million dollars/112.3 million euros) and 11 million euros ($11.6 million). oversubscribed. 182-day treasury bills worth 300 million kuna were sold at a yield of 0.05 percent, the …
Vanguard Emerging Markets Government Bond Index Fund (NASDAQ:VWOB) Short-Term Interest Drops 57.2%
The Vanguard Emerging Markets Government Bond Index Fund (NASDAQ:VWOB – Get Rating) saw a significant decline in short-term interest in April. As of April 30, there was short interest totaling 462,000 shares, down 57.2% from the April 15 total of 1,080,000 shares. Based on an average daily trading volume of 561,600 shares, the short interest …
Singular Research May 2022 Key Market Indicators Report
da-kuk/E+ via Getty Images The Fed is biting the equity markets. Singular Research Market sentiment: positive Many of our indicators test the market cycle with extremely negative readings. The VIX is at 34.32 and the VXN is at 39.31, very high above the 20 neutral reading. From an extreme historical perspective, the VIX topped 85 …
The rich fail to claim 2,600 bank safes
Economy The rich fail to claim 2,600 bank safes Monday 09 May 2022 Open the safe in the bank vault. PICTURES | COURTESY By JOHN MUTUAMore from this author Summary The Unclaimed Financial Assets Authority (Ufaa) said the number of safe deposit boxes reported by banks jumped 56%, from 1,691 in June 2020 to 962 …
Treasuries and bond rates could move sideways ahead of inflation data
BW FILE PHOTO Government securities RATEs on offer this week are expected to move sideways with a slight upward bias as the market awaits April inflation data and the outcome of the US Federal Reserve policy meeting on May 3-4 . The Bureau of the Treasury (BTr) will auction 15 billion pesos in treasury bills …
Kansas Legislature nightly push covers sports betting, budget, KPERS and COVID-19
TOPEKA — The House and Senate rode a wave of votes on Friday, sending Governor Laura Kelly bills legalizing sports betting, investing more than $1.1 billion in the state pension system and blocking government mask mandates for all contagious disease outbreaks. The 2022 legislature, which plans to return to Topeka in late May to complete …
The correct cash allocation for your retirement portfolio is zero
Your cash pocket has a real return of minus 8.4%. It should be empty. Zilch invest Archive Bettmann If you’re retired or about to retire, you’ve probably heard the lesson about the “bucket of money”. Put one to two years of expenses into a cash reserve, experts intone. This way, you are not forced to …
Is Congress preparing a big trade giveaway for China?
As politically divided as the United States has become in recent years, Americans agree on one thing: China. They are troubled by the US’ heavy reliance on supply chains in China. They are appalled by China’s use of slave labor in its factories. And they see China openly supporting Russia’s invasion of Ukraine – and …
Higher foreign exchange reserves reduce the cost of foreign borrowing and the cost of hedging: RBI article
Higher foreign exchange reserves have reduced the cost of foreign borrowing as well as the cost of hedging for businesses, according to an article in the RBI Monthly Bulletin. Since 2019, the RBI has accumulated foreign exchange reserves which peaked at USD 642.453 billion in the week ending September 3, 2021, more than double the …
Direct comparison between Hercules Capital (NYSE:HTGC) and Boulder Growth & Income Fund (NYSE:BIF)
Hercules Capital (NYSE:HTGC – Get Rating) and Boulder Growth & Income Fund (NYSE:BIF – Get Rating) are both finance companies, but which is the best investment? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, risk, earnings and valuation. Analyst Recommendations This is a breakdown of …
RBI Increases Market Trading Hours – Check New Hours According to Market
Trading in markets regulated by the Reserve Bank of India (RBI) will commence from 9 a.m. from April 18, with the reinstatement of pre-pandemic trading hours. Currently, markets open at 10 a.m. The trading hours of various RBI-regulated markets were changed on April 7, 2020 following the coronavirus pandemic which had led to operational disruptions …
SBP massively injects Rs3.085tn into the money market
KARACHI: The State Bank of Pakistan (SBP) has injected 3.085 billion rupees of liquidity into the money market through an open market operation (OMO) for a period of seven days at 12.28%, has it she reported on Saturday, mainly due to higher government borrowing needs to finance the budget deficit. “The growing size of OMO …
Lawmakers close in on new tax relief for families with kids
The Legislature Finance Committee took the first step Tuesday toward creating a new state income tax credit for low- and middle-income families with children. The Democratic-controlled panel technically approved a bill that would immediately create a new $600 per child credit. But Rep. Sean Scanlon, the committee’s co-chair, quickly clarified that the proposal would be …
Retail treasuries in circulation, replacing LIBOR
gorodenkoff/iStock via Getty Images introduction What are the implications for Treasuries trading of the increasing risk in the market as the Fed begins to tighten policy and sell off much of its Treasuries portfolio? A partial remedy is to expand retail merchants’ access to cash runaway treasury bond market. The market for experienced treasuries is …
Sharp increase in number of migrants crossing Darien Gap compared to 2021 figures – UNHCR
Band Steven Grattan March 29 (Reuters) – The number of people crossing the Darien Gap, one of the most dangerous and impassable regions in Latin America, has almost tripled compared to the same period last year, the United Nations High Commissioner for Refugees said on Tuesday. (UNHCR). The Darien Gap, a 160 km (100 mile) …
The Fed shouldn’t fight inflation like it did in the 1970s. Look at the 1940s instead
Although soaring energy prices have somewhat compared the inflationary environment to the 1970s-1980s, some observers believe the post-war period is a better comparison. Here, the high costs per gallon of gas at the Chicago station. Scott Olson/Getty Images Text size As prices rise across the economy, economists and investors increasingly fear a repeat of the …
US Fed hike expected to push borrowing rates higher
MANILA, Philippines — The government is facing another week of difficulty raising 50 billion pula from the securities auction due to pressures stemming from the U.S. Federal Reserve’s decision to raise interest rates. A bond trader said the Treasury Office may find it difficult to release treasury bills (T-bills) worth 15 billion pesos and 35 …
NPS Tier II accounts may soon get 100% equity exposure, says PFRDA’s Supratim Bandopadhyay
You will soon be able to invest up to 100% in stocks in the National Pension System (NPS) Tier II account. In an interview with Outlook Money, the chairman of the Pension Funds Regulatory and Development Authority (PFRDA), Supratim Bandopadhyay, said: “We allow people to invest up to 100% in stocks, in accordance with the …
Government Bonds Will Survive the Crypto Era, But Look Different
Expansionary monetary policies have seen investors around the world shift from defensive positions to riskier assets such as equities. Global bond yields have hit record highs during the pandemic, even turning negative in some parts of the world. Germany’s three-year bond yield reached -0.3%, compared to 1.84% in Australia. However, Mr. Gor’s belief that governments …
On The Money – US suspends normal trade with Russia
Happy Friday and welcome to On The Money, your nightly guide to everything related to your bills, bank account, and bottom line. Subscribe here: thehill.com/newsletter-signup. Today’s big deal: The United States and its allies are stepping up their campaign to constrain the Russian economy. We will also look at who will benefit from higher oil …
Government raises 951 bln rupees as yields see up 130bps – Journal
KARACHI: Cut-off yields on Treasury bills (T-bills) were raised significantly to 130 basis points on Wednesday. Yields for all three maturities were raised just a day after the State Bank of Pakistan (SBP) left its benchmark rate unchanged at 9.75%. Following the high-maturity amount, the government had set an auction target of Rs 1 trillion …
Omnibus talks appear on track, though COVID-19 aid remains unresolved
The bipartisan leadership of the House Ways and Means and Senate Finance Committees on Monday agreed to a package of trade sanctions against Russia that would, among other things, ban imports of Russian oil and suspend normal trade relations with Russia. and Belarus, which would increase customs duties on goods. of these nations. A spokesman …
Bank of Canada Takes Fed Lead, Hikes Interest Rates, Citing High Inflation, More Inflationary Pressures
Rates “have yet to rise”. The balance sheet has already shrunk by 14%, more withdrawals to come. By Wolf Richter for WOLF STREET. The Bank of Canada today raised its policy rate and policy rate by 25 basis points each, to 0.50%. He cited 5.1% CPI inflation which he expects to rise further and faces …
SEC settles with Ofer Abarbanel – Victor Chelli
SEC amends complaint in fraudulent mutual fund case and settles with two defendants – Ofer Abarbanel – Victor Chelli Securities and Exchange Commission v Ofer Abarbanel et al., No. 21-cv-05429 (SDNY filed June 21, 2021) Washington, DC (STL.News) The Securities and Exchange Commission amended the complaint in its civil fraud case to bring additional charges …
Canada’s protester finance freeze shows how ‘war on money’ is ending – OpEd – Eurasia Review
By Robert Felner* The Canadian government is now freezing the bank accounts and personal assets of those who made donations to support the Freedom Convoy, which is an organized political protest against vaccine mandates. The Deputy Prime Minister has announced that they will retain these so-called emergency powers permanently in the future and will also …
These are the ten best performing ETFs in 2022 (so far)
ETFs (Exchange Traded Funds) are collective investment securities that work similarly to mutual funds. However, unlike mutual funds, ETFs can be bought or sold on the stock exchange just as we do with stocks. ETFs can be structured to track anything, such as an index, sector, commodity or any other asset. Let’s take a look …
Greek Tourism Set To Break Revenue Records For 2019 Season – Greek City Times
Greece is preparing to open its tourism this year earlier than ever, with signs pointing to a double-digit increase in bookings from abroad, up to 30% for the summer 2022 season. And while it is still too early to estimate this year’s tourist receipts, the budget of 15 billion euros planned by the financial services …
Forget Bonds: These 4 Growth Stocks Can Double Your Money By 2025
IInvestors are always looking for ways to build wealth with minimal risk. For many decades, bonds have fulfilled this role admirably. Whether it’s a federally backed U.S. Treasury, municipal bond, or investment-grade corporate debt, bonds have provided investors with near-guaranteed returns and income. But with the US inflation rate hitting a 40-year high of 7.5% …
Cagamas Concludes Global Issues of RM1.19 Billion
KUALA LUMPUR: Cagamas Bhd continued its positive momentum with global issues of RM1.195 billion amid uncertainties in global markets. In a statement, the national mortgage corporation said the proceeds from the issuances will be used to fund the purchase of home loans and Islamic financing from the national financial system. Total issues include RM700 million …
‘Big Four’ speed up consensus on EU migration pact – EURACTIV.com
The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Today’s edition is powered by Equinor. How can hydrogen contribute to accelerating the energy transition? To be Fit-for-55 in 2030, we must use all available technology and remain open to …
Asian stocks fall, oil prices rise on Ukraine invasion fears
BEIJING (AP) — Asian stock markets fell on Monday and oil prices rose amid concerns over a possible Russian invasion of Ukraine. Tokyo’s benchmark fell by an unusually wide daily margin of 2.1%. Shanghai, Hong Kong and Seoul also fell. Global crude prices added more than $1 a barrel in a sign of concern over …
Sri Lanka spends $736m to defend $200 to dollar peg as ‘import reservations’ escalate
ECONOMYNEXT – Sales of Sri Lanka’s foreign exchange reserves to commercial banks defend a 200 peg to the US dollar that soared to $736 million from September to November 2021, official data shows, forcing money to be printed to maintain a fixed interest rate. In November and December alone, $664 million of reserves were sold …
On The Money – January jobs report could show net job losses
Happy Thursday and welcome to On The Money, your nightly guide to everything related to your bills, bank account, and bottom line. Subscribe here: thehill.com/newsletter-signup. Today’s big deal: The omicron variant likely spoiled the January jobs report. We’ll also see the latest news on the sprint to avoid a shutdown, the lobbying frenzy around the …
Subscribe – Businessday NG
Reset password What if I forgot my password? If you forgot your password, use the link on the login button to take you to the login page. Type your e-mail address and click on the “continue with e-mail” button. An email will be sent to you with instructions to reset your password. If you need …
Nigerian Treasury investors go home with lower rates
By Dipo Olowookere The Central Bank of Nigeria (CBN) said its decision to restrict the allocation of foreign exchange (FX) for importing cement has resulted in a significant increase in local production of the product. CBN Governor Mr. Godwin Emefiele said so on Thursday during the commissioning of the BUA Cement plant in Sokoto State. …
On The Money – No SEL, and maybe not okay
Happy Wednesday and welcome to On The Money, your nightly guide to everything related to your bills, bank account, and bottom line. Subscribe here: thehill.com/newsletter-signup. Today’s big deal: It doesn’t look like Senate Democrats are going to include SALT relief in their scaled-down plan to build back better. We’ll also look at the Fed’s most …
Australian inflation up sharply | Break
What future for the RBA? Three-month Australian banknote futures have an implied yield of around 1.3%, in contrast to the current overnight cash rate of around 0.05% and the target for cash rate of 0.1%. Thus, given the development of a 3-month term premium, the markets seem to be expecting more than 4 hikes from …
Stop harassing businesses for tax, extend loan moratorium
Key business leaders yesterday urged the government to take action to end the harassment businesses face from VAT and tax authorities and extend the loan moratorium period to help them to recover from the coronavirus pandemic. Some 40-50% of businessmen will become defaulters if the loan repayment period is not extended until at least June …
Libor is not the only benchmark transition that needs attention
By Jeffrey Armstrong (January 20, 2022, 6:09 PM EST) — The US Libor transition has captured the attention of the financial and legal press now that the benchmark has officially entered its downturn phase.[1] But another important interest rate index, in effect since 1981 and used to price American adjustable rate mortgages, or ARMs, will …
How Safe Assets Became the Biggest Risk for Investors
The markets are weird right now. The value of risk-free assets has gone completely off the rails, and if that doesn’t sound scary, keep reading. Sri Lanka is facing a debt crisis, yet its stock market has risen more than 60% in the past year. The Federal Reserve is preparing to raise rates to fight …
Treasury bill and bond rates will drop
PRICES for government guaranteeslinks on offer could relax this week amid excess liquidity in the Iffinancial system. The Bureau of the Treasury (BTr) will on Monday offer 15 billion pesos in treasury bills (treasury bills), or 5 billion pesos each in 91-, 182- and 364-day securities. On Tuesday it will be auctioned off 35 billion …
8 smart ways to diversify your portfolio in 2022
Reading time: 4 minutes The past few years have highlighted just how volatile investments can be. As the new year approaches, it’s time for investors to learn from this volatility and diversify their portfolios. Diversification helps hedge against inflation, price declines, and other types of market volatility. With investments spread across various asset classes, sectors …
Devon MP loses Tory whip after backing Labor over energy bills | Preservatives
The Conservative Party has pulled the whip off Devon MP Anne Marie Morris after she rebelled to support a Labor initiative in parliament to cut VAT on energy bills. Morris said she was disappointed with the move, but insisted she would not apologize for supporting efforts to tackle the rising cost of living. She voted …
Nigeria: LDR – Banks and other deposits with CBN down 58.14% in 2021
In the wake of compliance with the 65% loan-to-deposit ratio (LDR) policy of the Central Bank of Nigeria (CBN), deposits of banks and merchant banks with the umbrella bank fell by 58.14 % in 2021. Banks and merchant banks, through the Permanent Deposit Facility (SDF), deposit excess funds daily with the umbrella bank at an …
Is crypto going green this year?
Bitcoin, the world’s largest cryptocurrency, has a well-established history of negative environmental impact, and that reputation has spread widely in the crypto space. Starting last year, part of the cryptosphere began to recede and work on self-regulation of the industry’s carbon footprint with the creation of the Crypto Climate Accord, reports the Financial Times. The …
Protecting Vulnerable People From £ 700 Rise In Energy Bills Means Tough Choices Now | Nils Pratley
It’s poisonous time for a government that needs to know that letting low-income households bear the brunt of the expected rise in energy bills in April is a political non-starter. After six months of high gas prices in the wholesale market, the regulator Ofgem’s pricing formula is likely to spew out a figure close to …
End of monthly child tax credit payments, end cushion for family budgets
Families are bracing for bank balances to suffer in mid-January, unlike the monthly child tax credit payment. More than 30 million households began receiving up to $ 300 per child in July after Congress temporarily turned an annual tax break into a near-universal monthly benefit. Families spent the money on essentials like groceries and hid …
Government to cut borrowing to stimulate banks’ appetite to lend to locals
The Ugandan government is set to cut domestic borrowing to increase banks’ appetite to lend to the public, President Museveni has revealed. “The high interest rates of commercial banks are due to two actors: the commercial banks which want high profits and don’t care about wanainchi and the government (finance) gives high priced treasury bills …
Isle of Man healthcare workers consider industrial action |
Mick Hewer, regional manager of the Isle of Man branch of the Prospect union – The Prospect union is voting members of the healthcare sector on a possible strike for the new year. The threat came due to salary disputes and low morale among staff. In a dazzling statement, the union said: “Cheering in support …
The three questions that dominate investing
The writer is a financial journalist and author of ‘More: The 10,000-Year Rise of the World Economy’ Three related questions are at the heart of investment decisions today. What is the risk-free rate of return that investors can now earn? What future return is it reasonable to expect? And what is the prudent level to …
Nigeria Mutual Funds Attract N1.29tr Investment in Capital Market
Investors in the Nigerian capital market invested 1.291 trillion naira in Nigerian mutual funds called collective investment schemes in 2021. Collective investment funds, also known as mutual funds, are joint investment vehicles through which investors pool funds and invest in a selected basket of securities in order to maximize returns and reduce the risks. Mutual …
Pakistan Mercantile Exchange wants cash-settled crypto contracts – Journal
KARACHI: The Pakistan Mercantile Exchange (PMEX) is eager to introduce cash-settled cryptocurrency contracts to help local investors gain exposure to the increasingly popular global peer-to-peer digital payment system. Talk to Dawn in a recent interview, PMEX chief executive Ejaz Ali Shah said the central monetary authority should reconsider its 2018 ruling against cryptocurrencies, as they …
Three major markets of the Pakistani economy under pressure
ISLAMABAD: Worsening macroeconomic fundamentals and worsening sentiment have wreaked havoc in three major markets of the Pakistani economy, where markets are unwilling to buy government-sponsored rhetoric on the economic front. Alarmingly, three markets, including the stock market, money market and exchange rate, do not respond positively to the economic narrative constructed by economic managers, so …
Tether now faces charges for alleged “immoral and unethical” practices – CVBJ
U.S. citizens Matthew Anderson and Shawn Dolika have filed a lawsuit against Tether Holdings Limited, the company responsible for issuing the USD Tether (USDT) stablecoin, for alleged illegal actions. Specifically, the Tether company has been charged with allegedly “immoral, unethical, oppressive and unscrupulous practices,” according to a document filed in a district court in southern …
Talace seeks Rs 23,000 crore loan from Air India lenders
Talace Pvt Ltd, promoted by Tata Sons, is seeking a one-year loan of ₹ 23,000 crore at quasi-sovereign rates to finance the acquisition of the Air India airline and its initial operating costs, people at current with the question. Tata is offering to raise an unrated, unsecured, general purpose loan from Air India’s existing lenders …
Jha and Sarangi: Yellen is right, so permanently remove the debt ceiling |
Treasury Secretary Janet Yellen speaks in a meeting with President Joe Biden and business leaders on the debt limit in October. Associated Press, October dossier Chandan K. Jha and Sudipta Sarangi While the debt ceiling crisis has been avoided for now, the merits of Treasury Secretary Janet Yellen’s argument that the debt ceiling should be …
JGB Yields Rise After Rising US Treasury Yields, Poor Auction Outcome
TOKYO, Dec. 7 (Reuters) – Yields on Japanese government bonds rose on Tuesday, following rising U.S. Treasury yields, while a weak result in a 30-year national bond auction hurt the market. appetite of inventors. The 10-year JGB yield rose two basis points to 0.055% and the 20-year JGB yield rose 1.5 basis points to 0.460%. …
Prime Minister’s aide hails arrival of $ 3 billion from Saudi Arabia – Reuters
KARACHI: The State Bank of Pakistan announced on Saturday that it had received $ 3 billion from the Saudi Fund for Development to keep the U.S. dollars in its account in order to increase its foreign exchange reserves. The Prime Minister’s advisor on finance and revenues, Shaukat Tarin, also announced that the SBP had received …
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US Senate set to vote on government funding bill on Thursday, avoiding risk of shutdown
WASHINGTON, Dec.2 (Reuters) – The US Senate is set to vote Thursday night to fund the government until mid-February, eliminating the risk of a partial shutdown, the majority leader told reporters Democrat Chuck Schumer. The vote would come hours after the House of Representatives voted 221-212 to approve the interim financing bill, which runs until …
Stocks crash as omicron, rate worries rock Wall Street
NEW YORK (AP) – Already pissed off by the latest variant of the coronavirus, Wall Street losses worsened on Tuesday after the Federal Reserve chief said he would consider ending his support for financial markets earlier than planned. The S&P 500 fell 1.9%, erasing its gains from a day earlier. The sale accelerated after Fed …
Financial services company upgrades digital platform
Posted November 29, 2021 Parthian Partners Limited, a financial services company, has added certain features to its digital platform that allow users to securely buy and manage Treasuries, Eurobonds and stocks. According to a statement released on Monday, the new features make the platform, called “i-invest”, an integrated platform for financial management. “As such, rather …
Mexican senators circulate bill to legalize marijuana, with vote expected in weeks
A bill to legalize and regulate the sales of marijuana in Mexico is circulating among senators, and a senior lawmaker has said it is expected to vote on the proposal before Dec. 15. While the legislation has yet to be officially presented, the draft measure largely reflects an earlier version passed by the Senate late …
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Biden appoints Shalanda Young to head White House budget office
President Joe Biden announced his intention to appoint Shalanda Young as director of the Office of Management and Budget. If confirmed, she will be the first black woman to hold the position and she will play a key role in overseeing the implementation of key administrative policies. This would include the Build Back Better bill, …
No room for excuses
LAHORE: In less than three years, the central bank has changed its monetary position three times from hawkish to accommodative and back to hawkish. Is it the bankruptcy of the government or the central bank? The current governor of the State Bank of Pakistan (SBP) has spoken out in support of the policies of the …
Argentina puts debt on the local market for $ 1,195 million
Buenos Aires, Nov. 18 (EFE) .- Argentina on Thursday placed on the domestic market treasury bills and bonds in Argentine currency for a total value of 126.063 million pesos (about $ 1.195 million), reported official sources. As the Argentinian Ministry of the Economy clarified in a press release, in this Thursday’s operation, Treasury bills were …
Markets likely to be in a narrow range; Future group, focus on aeronautical values
MUMBAI : Markets are expected to be in a narrow range Wednesday as SGX Nifty trends suggest a soft opening in Indian benchmarks. On Tuesday, the BSE Sensex finished at 60,322.37, down 396.34 points or 0.65% and the Nifty closed at 17,999.20, down 110.25 points or 0.61%. Most Asian stocks plunged on Wednesday after robust …
i-invest: new features that help you better manage your finances
Many of us have been through that time when we feel like we are barely keeping our financial lives out of the water. If nothing at all, last year’s pandemic taught us the importance of financial planning and control. Taking control of our finances can help reduce financial stress caused by debt, unexpected expenses, or …
BAHAMAN GOVERNMENT TREASURY BILL TERM SHEET
BAHAMAS GOVERNMENT TREASURY BILL TERM SHEET – November 2021 Posted: Tuesday November 9 2021 BAHAMAN GOVERNMENT TREASURY LAWTERMS SHEET Call for tenders date: November 12, 2021 Security ID Issue size ($ billion) Can grow / shrink? Unit share ($ billion) Tenor (days) Settlement date Due date TB000-610 178,879,000 Yes 100 91 16-Nov-21 15-Feb-22 TB000-611 10,000,000 …
T-bill and bond rates could rise this week
NB FILE PHOTO RATES on government securities could rise this week as secondary market yields climbed despite a slower-than-expected slowdown inflation in October. The Treasury Office (BTr) plans to raise P15 billion via Treasury bills (T-bills) it will auction off Monday, or 5 billion pesos each in debt securities at 91, 182 and 364 days. …
Treasury cuts debt auctions that accelerated during pandemic
WASHINGTON – The US Treasury Department plans to start downsizing some of its public debt auctions, a sign that the government’s huge borrowing needs due to the pandemic are starting to ease. The government has started selling debt at accelerated levels to fund the more than $ 1 trillion support bills that Congress began to …
CAL THOMAS: Misleading Expense Bills Are Voodoo Economy II | New
The annual “Trick-or-treat” ritual is over. This is not the case with the “tricks” perpetuated by Congressional Democrats about their tax-and-spend ritual and fake numbers. Consider the latest spending measure concocted by the Democratic House leaders, or more specifically their staff. It is 2,400 pages long, much longer than the longest book I have ever …
Gross borrowing reached 2.6 trillion pesos at the end of September.
NB FILE PHOTO The national government’s gross borrowing reached 2.6 trillion pesos at the end of September as it continued to raise funds to respond to the coronavirus crisis, preliminary data from the Treasury Office (BTr) showed. Gross borrowing in the first nine months increased 15.143% compared to the same period last year. In September …
PH debt hits new high of P11.92T
Additional domestic and foreign borrowing as well as a weaker peso further raised the national government’s outstanding debt to a new high of 11.920 billion pesos in September. Latest data from the Treasury Office (BTr) on Friday showed bonds outstanding at the end of September rose 2.4% from 11.64 trillion pesos in August and 27.2% …
LGIM Launches Local Currency Indian Government Bond ETF
The £ 1.3 billion London asset manager said the fund would allow UK and European investors to access India’s growing local currency government bond market. The fund is listed on the London Stock Exchange, Deutsche Börse and Borsa Italiana and will track the performance of the JP Morgan India Government Fully Accessible Route (FAR) Bonds …
IRS proposed bank account reporting rule revised, but Manchin still doesn’t like it
The Biden administration has already scaled back its controversial idea of asking banks to notify the Internal Revenue Service of cash flow information from certain accounts receivable in an effort to ensure the rich pay their taxes in full. . But the simplified proposal – which would show the total of amounts deposited and withdrawn …
Egyptian banks’ financial situation reaches $ 508 billion in July: CB
The capital of banks in the local market amounted to 193.642 billion EGP in July, while reserves were approximately 353.957 billion EGP, and the volume of allocations to banks amounted to approximately 173.108 billion EGP. According to the report, the total bonds and long-term loans in the banks amounted to 245.497 billion EGP in July, …
Senior Conservatives Tell Chancellor: Spend, Don’t Cut, Level Up | Rishi Sunak
Rishi Sunak warned by senior conservatives not to allow ‘Treasury orthodoxy’ to stifle critical funding this winter, with conservatives demanding action in budget on energy bills, criminal justice and support to poorly paid people. As the Chancellor prepares to unveil his budget and spending review this week, he is still in a rush to include …
Namibian $ 2.2 billion oversubscribed government bond auction
A call by the Bank of Namibia last week to seek N $ 2.1 billion for the state attracted N $ 4.2 billion, the central bank said on Wednesday. This amount is double what the bank was looking for and presents an economic scenario where there is more money looking for long term and risk …
T-bill yields could stabilize in the short term: ICRA Lanka – Business News
T-bill yields, which have been rising steadily since the yield ceilings were lifted in mid-September, are expected to stabilize in the coming weeks, after the central bank decided to hold key rates for the week. latest, likely bringing an end to the mad rush in government bond yields, according to ICRA Lanka Limited. Yields on …
Sunak plans to cut VAT on household energy bills
Chancellor Rishi Sunak plans to cut 5% value added tax rate on household energy bills, which would allow Boris Johnson to pay so-called ‘Brexit dividend’ and help families get through a difficult winter. Some Tory MPs have called on Sunak to cut the VAT rate in his Oct. 27 budget to show the government is …
Global equities post their best day in 5 months; oil, government bond yields rise
Stocks surged globally on Friday at their best in five months as strong U.S. corporate performance fueled optimism about the economy, although oil prices at three-year highs kept risks down. inflation and increased government bond yields. U.S. investment bank Goldman Sachs Group was the latest on Wall Street to beat market expectations when it announced …
Treasury bills finally go public
Trading in treasury bills began yesterday on the secondary market of the Dhaka Stock Exchange, ending a wait of more than a decade and creating yet another investment tool for retail investors relying solely on stocks and mutual fund. Some 222 government bonds, with a combined value of Tk 55,000 crore, were listed on the …
House adopts debt limit increase to avoid default, sends bill to Biden
U.S. House of Representatives Speaker Nancy Pelosi (D-CA) addresses reporters during her weekly press conference on Capitol Hill in Washington, September 23, 2021. Élisabeth Frantz | Reuters The House of Representatives on Tuesday approved legislation to raise the US debt limit, the latest legislative hurdle to avert a very first national default that is otherwise …
UPDATE 1-US Treasury hampered by Cruz’s appointment holds, officials say
(Adds Toomey’s office) By Andrea Shalal WASHINGTON, Oct.11 (Reuters) – The US Treasury is held hostage by Republican Senator Ted Cruz’s efforts to shut down a Russia-Germany gas pipeline, blocking critical appointments as the federal debt limit remains an urgent issue, according to reports. White House officials and Democrats in Congress say. Only four confirmed …
What rising rates mean for the stock market
The stock market has been keeping investors on their toes lately, and Friday was no exception. After spending much of the morning in positive territory, most of the major market benchmarks retreated in the early afternoon. Starting at 12:30 p.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^ DJI) was down 6 points to 34,749. …
Treasury yields fall but 10-year rate remains above 1.5%
US Treasury yields edged down on Thursday, but the 10-year rate remained above the 1.5% mark as investors remained focused on jobs data. The benchmark 10-year Treasury bill yield fell less than a basis point to 1.516% at 3:45 am ET. The yield on the 30-year Treasury bill fell less than a basis point, falling …
What the debt ceiling means for Social Security and more
The federal government is about two weeks away from being unable to pay its bills – and that could delay benefit payments to tens of millions of retirees, Medicare and Medicaid claimants, and many more receiving treasury checks American. Republicans in Congress are blocking Democrats from raising the federal borrowing limit, which could lead to …
The government will raise 5,875 trln Rs in 3 months
KARACHI: Government set to raise 5,875 trillion rupees through sale of treasury bills and bonds until end of December 2021, which is higher than maturities of 5,100 trillion rupees . The State Bank of Pakistan (SBP) said on Tuesday it would continue to conduct bimonthly auctions of three, six and 12-month market treasury bills between …
Treasury returns mixed with employment in brief reports
US Treasury yields were mixed on Tuesday morning, with investors focusing on the jobs reports due later this week. The benchmark 10-year Treasury bill yield rose less than a basis point, to 1.484%, at 4 a.m. ET. The yield on 30-year Treasury bills fell by less than a basis point to 2.044%. Yields move in …
New bill to merge existing legislation on government borrowing for purposes other than spending
SINGAPORE: A new bill was presented to Parliament on Monday (October 4) to consolidate legislation on government borrowing for investment and market development. Introduced for first reading in Parliament by Minister of Finance Lawrence Wong, the Public Loans (Miscellaneous Amendments) Bill seeks to merge the Local Treasury Bills Act (LTBA) into the Government Securities Act …
Will US jobs numbers pave the way for the Fed’s cut?
Will US jobs pave the way for the Fed to cut? The Federal Reserve is rushing to announce that it will soon scale back its large-scale stimulus package, and Friday’s jobs report could set the stage for such a move as early as November. The US central bank has announced that it will buy $ …
Alabama GOP Governor signs bills to use Covid-19 relief funds to erect prisons into law
Ivey, a Republican, had called a special session of the Alabama legislature to discuss how to resolve what she called a decades-long problem with problems with prison infrastructure. The governor said Friday’s signing of the bill was the culmination of hard work and conversations between lawmakers on both sides of the aisle. “I would like …
CASH-Most Yields Fall Following Fourth Quarter Repositioning
(Updates with market activity, details on short-term debt, Fitch comments) By Ross Kerber Oct 1 (Reuters) – Traders lowered long-term US Treasury yields on Friday as they were repositioning for the fourth quarter of the year, although Washington’s fiscal battles sent short-term debt yields higher. The benchmark 10-year rate lost 5 basis points to 1.4771%. …
Government prepares local bond market plan for October as PH debt hits P11.64T
The Treasury Office will borrow 200 billion pesos on the domestic debt market in October, adding to the national government debt which hit a new high of 11.64 billion pesos in August. In a September 29 memorandum to all eligible government securities brokers, National Treasurer Rosalia de Leon said the Treasury will auction 60 billion …
Understanding the Debt Ceiling – NBC Connecticut
One of the most controversial points being discussed in Congress is the debt ceiling. The House will vote on a bill that would suspend it on Wednesday, but Republicans in the Senate have said they will reject the legislation because they do not support an increase or suspension of the debt ceiling. For many, the …
‘Rich Dad Poor Dad’ author issues huge warning to investors
Rich daddy, poor daddy is one of the most iconic self-help books of the 90s. Written by Robert Kiyosaki and Sharon Lechter, the book emphasizes the importance of financial literacy, independence and wealth building. He explains the benefit of buying assets, investing in real estate, and starting and owning businesses (as well as increasing your …
Regulatory indices push up reissued Treasury bond rates
Rates rose at Tuesday’s auction of 35 billion pesos of 10-year reissued Treasury bonds (Treasury bonds) as regulators hinted they would become more active to stem the economic brakes. Despite the rate hike, the Treasury Office fully allocated the proposed Treasuries, with the auction ending up being oversubscribed more than twice. The total of tenders …
Government shutdown deadline looms as Senate prepares to vote on funding bill
WASHINGTON – The Senate is due to vote on the government funding bill passed by the House on Monday, but its fate remains uncertain as Republicans threaten to block the measure. Lawmakers have until Friday to approve government funding or a shutdown will be triggered. The sticking point is including a debt ceiling increase in …
Chinese Ambassador Qin Gang addresses strained bilateral ties
Chinese Ambassador Qin Gang addresses attendees in an August 31 online address sponsored by the National Committee on US-China Relations. (Photo courtesy of NCUSCR) Qin Gang, China’s new ambassador to the United States, wants to correct three misconceptions about US-China relations. During a virtual event hosted on August 31 by the National Committee on US-China …