Treasury bills
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
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 a …
How to be an anti-capitalist
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 paying …
The basics of Retail Direct Gilt Account
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 purchase …
California counties reinstate COVID mask warrants as Delta rises
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 reported …
Government bonds for households at last
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. So …
Low demand to raise rates on treasury bills, bonds
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 billion …
CASH-US yields climb as rally comes to a halt after 8-day streak
(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 data …
Gradual decline, doubts about “transient” inflation and “financial stability risks” due to “valuation pressures on housing markets”: some members of the Fed are getting a little nervous
“Supply disruptions and labor shortages may persist longer and may have larger or more persistent effects on prices and wages than they currently assume.” By Wolf Richter for WOLF STREET. Fed officials admitted that they had largely underestimated the surge in inflation, with growing doubts about its “transient” nature, given shifts in inflation dynamics, including …
Qatar Central Bank issues treasury bills worth QR 600 million …
(MENAFN – The Peninsula) QNA Doha: The Central Bank of Qatar (QCB) on Tuesday issued treasury bills for July 2021, for three, six and nine months, worth QR 600 million.QCB said in a statement posted on its official website that the treasury bills were distributed as follows: QR 300 million for three months at an …
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All the money is “fiat money”, most of the money is “money on credit”
British pounds and pennies Getty Images There seems to be some confusion about what “fiat currencies†are, if the dollar is one of them, and whether or not it should or should not be. Much of this comes from today’s gold enthusiasts like Peter Schiff and, ironically, what I call its cryptopian antagonists. Goldbugs using …
Boebert proposes a forest fire prevention bill that draws on ideas from colleagues on both sides of the aisle
As wildfires burn in the West, Republican Rep. Lauren Boebert has introduced a forest management bill that she says could help prevent catastrophic wildfires. Boebert described his bill, called the Act respecting active forest management, forest fire prevention and community protection, as the most important forestry bill in decades. It would fund the removal of …
Mutual Funds: What Makes Hybrid Funds So Attractive?
treasury bills, corporate bonds and other fixed income securities.”/>An equity fund invests in stocks of listed companies while a debt fund invests in treasury bills, corporate bonds and other fixed income securities. By Raghav Iyengar If we were to roll call the new world order, the word “hybrid†might appear more than once. Hybrid car, …
Inside Branch’s ambitious “20% investment” challenge for Nigerian banks
When Branch was launched in Nigeria in 2017, it was a single product business with a money lending license to provide loans to individuals. Loans start from 1,000 (~ $ 2) and gradually increase to 500,000 (~ $ 1,200) as the borrower repays. Four years, 40 billion yen (~ $ 97 million) and three million …
Central bank bill repealed, preventing independence of monetary authority
The current government has decided to drop the CBSL bill alongside its recent decision to postpone the fiscal policy targets stipulated in the Budget Management (Accountability) Act of 2003 until 2030. These two fiscal policy decisions and monetary policies are likely to have serious repercussions on the country’s already poor macroeconomic stability A few days …
Infrastructure is finally getting its week. But inflation and employment have not disappeared.
Text size Louisville Urban League staff speak with job seekers at a Jobs USA career fair in Louisville, Ky. Luke Sharrett / Bloomberg The changes brought about by the Covid-19 pandemic are gradually becoming clearer, and with them, the political responses. The way we work, or don’t work, is different from before the pandemic. At …
Romania sells 852.6 million lei (173 million euros) above target in new one-year bonds
BUCHAREST (Romania), June 24 (SeeNews) – Romania on Thursday sold 852.6 million lei ($ 207 million / 173 million euros) of new treasury bills due June 27, 2022, above the ‘initial goal, according to central bank data. The average accepted yield was 1.97%, while the demand amounted to 891.8 million lei, according to the data. …
Turkish Treasury borrows nearly $ 1 billion by auction
ANKARA The Turkish Treasury has borrowed about 8.36 billion Turkish liras ($ 1 billion) in domestic markets, according to an official statement on June 22. The Treasury and Finance Ministry announced that 3.35 billion Turkish liras ($ 400 million) of four-year fixed coupon government bonds were sold on Monday. The total tender amounted to 5.24 …
VIDEO: Governor David Ige announces his intention to veto the list
Governor David Ige today announced his intention to veto 28 bills passed in the last session of the Hawaii State Legislature. “Several key considerations were taken into account in my decision making,†said Ige. “First, the state’s economic situation has improved considerably since the start of the legislature, and more importantly, since the conclusion of …
County: Rent Assistance, Utility Bills Still Available | News, Sports, Jobs
Maui News Residents of more than 250 households have received more than $ 675,000 to help pay overdue rents and utilities as part of a Maui County program. Most requests for the Rental Assistance and Emergency Utilities program came from South Maui (176), West Maui (151) and Central Maui (114), said the county in a …
Inflation is on the rise. What impact can this have on your investments?
If you don’t see inflation as such a big threat, you’re probably under 40. Either that or you suspect that the recent upward trend in house prices, rents, food, commodities, gasoline, cars and labor will prove to be fleeting. The trend could be temporary or even beneficial. Not so long ago, experts were worried about …
Outstanding Treasuries, Bonds hit a record P7.38T in May
The government’s reliance on local borrowing further increased the amount of treasury bills and bonds outstanding to a new high of 7.38 trillion pesos in May. The latest data from the Treasury Office showed that the stock of treasury bills issued by the national government rose to 1.070 billion pesos at the end of last …
FINANCING | Don’t Let Investments Go On Vacation | latest news
Now that we’ve gained at least some space from the COVID-19 pandemic, summer travel is heating up. But while you might be anxious to hit the road, you don’t want your investments to take a vacation – you need them to work hard for you all the time. But how can you do it? Here …
Lower policy rates stimulate demand for Treasuries, others
The decline in the Bank of Ghana’s key monetary rate appears to have boosted demand for short-term securities, particularly treasury bills and bonds. This could subsequently trigger a further drop in lending rates, a situation that will force the banks that are largely the largest investors in Treasuries to shift their investments into short-term securities. …
Barclays launches Gold Trendpilot ETNs, PBUG
Tuesday, Barclays Bank API announced the launch of the ETN Pacer® iPath® Gold Trendpilot (PBUG). ETNs will track the performance of the Pacer Barclays Gold Trendpilot Total Return Index. “At Pacer Financial, we are delighted to extend our relationship with Barclays by adding a second AND N following gold, â€said Sean O’Hara, president of Pacer …
Treasury yields fall ahead of Fed meeting
Treasury yields fell on Tuesday morning, despite anticipation of what the Federal Reserve will say at its two-day policy meeting, which will begin later today. The benchmark 10-year Treasury bill yield fell less than a basis point to 1.484% at 4 a.m. ET. The yield on 30-year Treasury bills fell to 2.176%. Yields move in …
Treasury yields rise slightly with Fed meeting in focus
Treasury yields edged up Monday morning as investors braced for the Federal Reserve’s two-day policy meeting this week. The benchmark 10-year Treasury bill yield rose less than a basis point to 1.464% at 4:15 a.m. ET. The yield on the 30-year Treasury bill climbed to 2.153%. Yields move in the opposite direction to prices. The …
Rising Inflation No Problem, Junk Bond Yields Dip To All-Time High, Offer Negative “Real” Yields to Fed-Thirsty Investors
The market is broken. Rules of “furious madness”. By Wolf Richter for WOLF STREET. In these wonderful credit markets where everything is now completely derailed, the first thing that happened after the freak spectacle of CPI inflation hitting 5.0% was that junk bond yields were falling. fallen to new lows. Even the average yield on …
A record spread on the bond issue
Greece set a new record on Wednesday when it reopened its 10-year bond, with the investment community giving it another strong vote of confidence. While the offer portfolio matched that of the original benchmark paper issue in January, the country hit the smallest spread between the yield on a Greek issue and that of the …
Why is crypto crashing and going to recover?
Investors are afraid. And the sale crashed the crypto. But this is a market driven by the headlines. And dips are normal when headlines don’t paint the most appealing images … Even when they’re half-truths. The crypto began its recent withdrawal after Elon Musk rescinded his promise to allow Bitcoin as a payment method for …
Vanguard Money Market Fund: What You Need to Know
VAnguard money market funds are not highly regarded by the investment community and do not receive much attention in the financial media. Money market funds are not exactly a glittering subject, nor a breathtaking investment. They are, in fact, an investment vault – a place where investors can safely store their money (and earn a …
These big Colorado bills fell through on the last day of the 2021 legislative session
DENVER – Colorado lawmakers have spent the past two weeks reviewing more than 200 bills that were yet to be debated. On Tuesday, it seemed likely their work was drawing to a close after a tumultuous year since the novel coronavirus arrived in our state in March of last year. Here are some of the …
Without a broad deal on Alaska’s state budget, high school students could lose scholarships and rural electricity prices could double
JUNEAU – The current special session of the Alaska Legislature is more than halfway through and there is no sign of a deal yet on the state budget for the coming year. If lawmakers don’t pass – and Gov. Mike Dunleavy doesn’t sign – a state budget by July 1, the state government will shut …
Why banks need structural change – Journal
Imagine yourself as the new Minister of Finance. Considering the unceremonious departure of your predecessor, you are unsure of your tenure. Either way, you have great confidence in your abilities. You understand the issues and are committed to making structural changes that have lasting effects on the bottom of the pyramid rather than on the …
BSP throws P100B from titles
THE Bangko Sentral ng Pilipinas (BSP) has raised 100 billion pesos in its weekly securities auction. The central bank’s one-month BSP bill was oversubscribed by 1.05 times the offered volume of 100 billion pesos, for a total of 105.41 billion pesos in tenders. The slightly higher WAIR (Weighted Average Interest Rate) for this auction follows …
G-7 reaches landmark deal to overhaul global tax on tech companies
(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Group of Seven Advanced Economies agreed on the outline of a global tax deal that could give governments greater rights to tax US tech giants and set a floor for corporate rates around the world . …
CASH-Yields fall, curve flattens after May jobs report
(Redesigns; updates yields, adds analyst comments) By Karen Pierog CHICAGO, June 4 (Reuters) – U.S. Treasury yields fell and the yield curve flattened on Friday after gains in Jobs in May fell short of expectations, allaying fears that a roaring economy would tighten monetary policy more quickly. The benchmark 10-year yield, which experienced its largest …
Tesla’s surprise just shocked the stock market
Lwhether we like it or hate it, You’re here (NASDAQ: TSLA) receives a lot of attention from investors. When the news affects the electric vehicle pioneer, people are taking note – and its stock movements can affect the entire market. Thursday was a generally weak day on Wall Street, as investor enthusiasm for popular meme …
WB accepts $ 300 million loan to fortify NCR buildings against “The Big One”
INQUIRER.net STOCK IMAGE MANILA, Philippines — The World Bank has provided a loan of $ 300 million to the Philippines to fortify government buildings in Metro Manila and prepare for the “Big One”, or an earthquake with an intensity of 7 or Plus, another Official Development Funded (ODA) project and added to the country’s record …