Treasury bills
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 …
Democrats withdraw Iron Dome funds for Israel from interim spending bill
Israel’s Iron Dome air defense system is activated to intercept a rocket launched from the Gaza Strip, controlled by the Palestinian movement Hamas, over the southern Israeli town of Ashdod on May 12, 2021. (Emmanuel Dunand, AFP via Getty Images / TNS) WASHINGTON (Tribune News Service) – Democratic leaders agreed to strike aid for Israel’s …
The United States could run out of money to pay its bills as early as October 15
The U.S. government could run out of money and start missing payments on things as diverse as social security and military salaries between Oct. 15 and Nov. 4, according to new analysis from the Bipartisan Policy Center. The analysis, released on Friday as Congress debated whether to lift the US borrowing limit, showed a narrower …
Stocks hold on to weekly gains despite Evergrande blow and surge in bond yields By Reuters
2/2 © Reuters. FILE PHOTO: A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage house in Tokyo, Japan, on September 21, 2021. REUTERS / Kim Kyung-Hoon 2/2 By Tommy Wilkes and Anushka Trivedi LONDON (Reuters) – Shares fell on Friday as uncertainty …
Janet Yellen of Treasury is tested by fighting the debt limit
Ms. Yellen’s task was complicated by the fact that while she could easily express the economic risks of default, the debt limit found itself in a larger partisan battle across Mr. Biden, including the $ 3.5 trillion spending bill. Republicans, including Mr. McConnell, have insisted that if Democrats are to pass a big spending bill, …
Fed monetary policy has become captive of financial markets, writes Henry Kaufman
Illustration by Sjoerd van Leeuwen Text size Financial markets depend heavily on the concepts of liquidity and negotiability. But these two market dynamics no longer work as they once did. Failure to understand the real underlying constraints on liquidity and marketability when dealing with large blocks of assets can lead to serious miscalculations. At the …
Why the stock market “joker” isn’t Evergrande, it’s Washington
The potential for another flirtation with a US government default via a debt ceiling confrontation is helping to increase “political uncertainty,” analysts noted on Wednesday. The good news is that growing uncertainty has always been a buying opportunity, according to a senior Wall Street technician. “We think this will prove a buyable correction in an …
CB likely to continue monetary expansion, direct controls
Governor of the Central Bank Ajith Nivard Cabraal The Central Bank of Sri Lanka (CBSL) has come under heavy criticism over the currency’s rapid expansion supply since last year. The overall money supply has grown by 21% in the past 12 months. The currency held by the public, commonly known as money printing, increased by …
Sri Lanka Central Bank Treasury Securities Surpass Rs 1.3 Trillion Amid Reserve Losses
ECONOMYNEXT – Sri Lanka’s central bank bought 45.9 billion rupees in treasury bills on Friday, bringing its total stock of treasury bills to 1,330.3 billion rupees, official data showed, as reserve losses of foreign exchange continues amid non-market interest rates. Soft-pegged central banks lose foreign exchange reserves when liquidity is injected to maintain a rigid …
Romania sells above 706 million lei (143 million euro) 2028 Treasury bond target, yields rise
BUCHAREST (Romania), September 20 (SeeNews) – The Romanian Ministry of Finance on Monday sold 706 million lei ($ 167 million / 143 million euros) at auction of Treasury bonds maturing on January 26, 2028, in below the initial target, according to data from the country’s central bank. The average yield accepted for the tender was …
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Yellen of the US Treasury: default would “permanently” weaken America
U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services regarding the Treasury Budget Request for Fiscal Year 22 at Capitol Hill in Washington, DC, U.S., on June 23, 2021. Shawn Thew / Pool via REUTERS WASHINGTON, Sept. 19 (Reuters) – US Treasury Secretary Janet Yellen on Sunday appealed again to …
NRBC Bank wins the best BB primary dealer award
Bangladesh Bank named NRBC Bank as the best primary dealer, a press release said. The central bank issued a letter on September 16 in which NRBC Bank was named Bangladesh’s best prime broker for its performance in the last quarter of October to December and the central bank paid Tk 5,35,420 as commission of subscription …
US TREASURY yields increase; investors expect Fed clues on taper schedule
(Adds Fed repo facility results, updates prices) By Rodrigo Campos NEW YORK, Sept 17 (Reuters) – U.S. government bond yields edged up on Friday, with the 10-year yield touching a two-month high, as traders look ahead to a busy week of central bank meetings including a key one at the Federal Reserve. The 10-year yield …
McConnell doesn’t move on debt limit, risking trouble for Biden
WASHINGTON – The Biden administration has enlisted one envoy after another to convince Republican Senate Leader Mitch McConnell to help raise the federal debt limit. It does not work. Despite high-level conversations, including an appeal from Treasury Secretary Janet Yellen, the GOP leader is digging and playing tough politics. He tells all who listen to …
McConnell warns Yellen GOP won’t help raise debt limit
WASHINGTON (AP) – The Biden administration has enlisted one envoy after another to convince Republican Senate Leader Mitch McConnell to help raise the federal debt limit. It does not work. Despite high-level conversations, including an appeal from Treasury Secretary Janet Yellen, the GOP leader is digging and playing tough politics. He tells all who listen …
Representatives urge FG to extend railway line to Tincan and Ijegun ports
By Dipo Olowookere The bulls extended their stay on the trading floor of the Nigerian Exchange (NGX) Limited on Wednesday after growth of 0.12%, largely driven by MTN Nigeria, GTCO, Oando and Honeywell Flour Mills. Business post reports that despite the positive market results, investor sentiment has always remained negative as there were 18 losers …
USD / JPY Fundamental Daily Forecast – Dollar / Yen Firms As Investors Bet On An Anticipated Fed Cut
The dollar / yen closed higher on Friday, supported by rising U.S. Treasury yields as investors increased their bets on a faster-than-expected reduction by the Federal Reserve, following the release of a strong report on the producer price inflation. The spread between US government bond yields and Japanese government bond yields widened, making the US …
The ruble hovers near 73 against the dollar; focus on Friday’s pricing decision
MOSCOW, September 9 (Reuters) – The Russian ruble touched the 73 mark against the dollar on Thursday, treading water on the eve of a central bank rate decision and amid low risk appetite. At 0741 GMT, the ruble was 0.1% weaker against the dollar at 73.18 RUBUTSTN = MCX and had lost 0.1% to trade …
Bond Market Judgment Day Denied Due to Weak Jobs Dim Taper Talk
(Bloomberg) – It looks like it will take a little longer for the $ 22 trillion treasury market to come alive again. Ten-year yields barely budged this week after mixed jobs data – disappointing wage growth coupled with faster-than-expected wage increases – lowered expectations the Federal Reserve will rush to cut its asset purchases. The …
Industry groups urge lawmakers to streamline breach reporting rules
The growing number and scope of breach notification rules for regulators, state authorities, and soon the federal government may hamper their effectiveness, industry groups warn. Lawmakers are considering mandatory requirements for companies in industries such as finance, energy, and power to report cyber attacks against their systems. Lawmakers have introduced bills in the House and …
US Bond Market: Bond Traders Focus More on Jobs for Next Stage of T-Bills
The world’s largest bond market won’t have to wait long for its next potential volatility shock, with a prospect of key US jobs that will help shape bets on the path of Treasury yields for the rest of the year. 2021. The yield curve has just posted its first week of steepening since July, rebounding …
How to invest in government bonds in Kenya
A Treasury bill (T-bond) is a medium to long term security issued by the government. They typically pay interest every 6 months until the bond matures. Kenya treasury bills are issued monthly. To invest, you need a CDS account with the Central Bank of Kenya (CBK), the issuer of government bonds in Kenya, and a …
Target to add more Disney boutiques to stores
In today’s top retail news, Target is expanding its partnership with Disney to add more than 160 new stores in stores across the United States, and Francesca CEO Andrew Clarke told PYMNTS “there is no playbook” for retailers after the pandemic. In addition, Chinese e-commerce giant JD.com is seeing revenue surge as its home country …
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The Tangled History of the Infrastructure Bill and Crypto Reports and Taxes
Recently we only heard news about the birth of the infrastructure bill. It was a long process, the child was in imminent danger of being stillborn. The unlikely midwives are bipartisan, at least that’s what they would have us believe. As usual in such cases, it was a cesarean section, and the child was born …
National Insurance: Rishi Sunak Could Raise Bills To “Take Money Out Of People’s Wages”
A poll released last week shows two-thirds of Britons back increasing national insurance contributions to fund a long-delayed reform of social services in the UK. The Ipsos Mori survey found that 64% of those polled said they would support a 1% increase in national insurance contributions to help fund such reforms. Meanwhile, 65% said they …
Battle for eviction moratorium highlights struggling homeowners who “still have to find a way to pay”
The Biden administration’s decision to extend a moratorium on evictions has done little to address a looming crisis – or growing tensions between tenants and landlords, with both sides stuck in a cycle of confusion and desperation croissants. For now, evictions are suspended again across the United States: tenants have until October 3 to obtain …
As infrastructure bill nears key vote, deficit takes a back seat
Mr McConnell threatened to withhold all Republican votes for an increase in the debt ceiling, a position Mr Hollen called “part of a model of hypocrisy.” Republicans repeatedly raised the debt ceiling during the Trump years, even after their tax cuts. But they caused a series of crises when a Democrat is in the White …
Treasury Department borrowing plans assume debt limit agreement – The North State Journal
In this July 12, 2021 file photo, U.S. Treasury Secretary Janet Yellen prepares to speak at a meeting of Eurogroup finance ministers in the European Council building in Brussels. (AP Photo / Virginia Mayo, file) WASHINGTON, DC – The Treasury Department has revealed plans to borrow $ 673 billion in the current quarter while using …
Sri Lanka prints enough money to wipe out Bangladesh swap with single failed bond auction
ECONOMYNEXT – Sri Lanka printed enough money after a failed bond auction last week to potentially wipe out foreign exchange reserves equivalent to a central bank swap being negotiated with Bangladesh, according to official data. Shares of the central bank’s treasury reached Rs.1194 billion on August 2, the bond settlement day up Rs 53.9 billion …
Yellen Urges Congress To Raise Debt Ceiling, Warns Treasury To Deploy “Extraordinary Measures” Soon
Secretary of the Treasury Janet Yellen Friday urged Congress to raise or suspend the debt ceiling by the end of the month, warning that his department will have to deploy “extraordinary measures” from August 2 to prevent the US government from defaulting. “If Congress has not acted to suspend or increase the debt limit by …
As Stock Market Dips Report Shows “US Households Now Have Record Exposure To Equities” – Economics Bitcoin News
[ad_1] As inflation rose in the United States, following massive stimulus measures issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer released a report which shows that “US households now have exposure record shares “. The news comes at a time when many analysts and economists believe the stock markets are in …
How to be an anti-capitalist
[ad_1] It’s hard to stand idly by and see your economy strangled. Ibram X. Kendi’s book “How to be an anti-racist” is all the rage now, but the Biden administration and its progressive supporters are offering a master class on “How to be an anti-capitalist” and suck the air out of the economy. Start by …
The basics of Retail Direct Gilt Account
[ad_1] Following on from the promise to make government securities more accessible to retail investors, the RBI last Monday announced the contours of the Retail Direct program. Through this program, retail investors will be able to open direct gilt accounts with the RBI, known as retail direct gilt accounts (RDG account), through which they can …
California counties reinstate COVID mask warrants as Delta rises
[ad_1] FILE – In this file photo from February 10, 2021, a mask is seen on a bear sculpture outside Governor Gavin Newsom’s Capitol office in Sacramento, California. On Tuesday, July 6, 2021, the mask’s mandate was reinstated for all lawmakers and staff regardless of their vaccination status after nine new cases of COVID-19 were …
Government bonds for households at last
[ad_1] For a long time, trading in government bonds was the preserve of banks, financial institutions and corporations with large treasury operations. In a change that the Reserve Bank of India (RBI) called “major structural reform” in February, our central bank decided to grant retail investors direct access to the domestic market for public debt. …
Low demand to raise rates on treasury bills, bonds
[ad_1] NB FILE PHOTO Government SECURITY RATEStie on offUm this week, that could increase slightly after the peso hits the 50p per dollar level and demand for safe-haven assets declines as the economic recovery gathers pace. The Treasury Office (BTr) will auction 15 billion pesos of treasury bills (treasury bills) on Monday, split into 5 …
CASH-US yields climb as rally comes to a halt after 8-day streak
[ad_1] (Price update, add reverse repo data) By Chuck Mikolajczak NEW YORK, July 9 (Reuters) – US Treasury yields surged on Friday, ending a part-fueled eight-day price rally by concerns that the economic recovery had already peaked and was showing signs of slowing down amid rising coronavirus infections in many places around the world. Recent …