central bank
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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, …
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 …
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 …
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 …
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 …
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 $ …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Minister of Finance: Hungary’s high inflation rate is “temporary”
Hungary’s current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices could drop to around 3% next year, the finance minister said on Monday. Mihály Varga. Hungary’s annual inflation rate is the highest in the entire European Union, according to …
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 …
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 …
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 …
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 …
As the Lebanese crisis worsens, fuel lines expand and food and medicine become scarce
BEIRUT, Lebanon – As she sat in the sun in her Mini Cooper, weaving her way through a long line of cars to get gas, 23-year-old Lynn Husami tried to use her time well. She had a phone meeting with the supervisor of her master’s thesis, called an old friend, and played video games on …
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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 …
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. …
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 …
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 …
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 …
US Money Market Funds Struggle As Short-Term Rates Close To Negative Territory
A sector of the US financial industry that handles $ 4 billion in savings for individuals and businesses has been strained as US markets flirt with negative interest rates. Money market funds investing in short-term government debt have received hundreds of billions of dollars in fresh money from savers in recent months. But there is …
Glut of dollars pushes use of Fed’s reverse repo function to save
Demand for a key Federal Reserve facility used to help control short-term rates has reached its highest level on record, welcoming a barrage of cash seeking housing. Fifty participants parked a total of $ 485.3 billion on Thursday on the overnight repo facility, in which counterparties like money market funds can place liquidity with the …
Before the next treasury bill auction scheduled for May 26, 2021
Tuesday May 25, 2021 / 7:30 p.m. / Meristem Research / Header image credit: Bokk Keeper Summary of the offer The Central Bank of Nigeria (CBN) will hold a Primary Market (PMA) auction of treasury bills (treasury bills) on May 26, 2021. At the PMA, existing treasury bills valued at 24.18 Billion NGN, 19.16 Billion …
$ 16 billion quantitative ETF to reshuffle 68% of portfolio
Bloomberg Race to avert disaster at China’s biggest ‘bad bank’ (Bloomberg) – It was past 9 p.m. on Financial Street in Beijing by the time the character inside the Huarong Tower picked up an ink brush and, with trained strokes, began to put characters on paper. entrepreneur, Chinese Communist Party official – and, less fortunately, …
Bitcoin’s entry and exit transactions on exchanges decrease as price drops
InvestorPlace As Bitcoin prices slide below $ 40,000, should you buy down or sell? As Bitcoin prices (CCC: BTC-USD) collapsed this week, crypto investors are looking a lot like a deer in the headlights. ETF flows for most of the six popular blockchain ETFs have remained largely stagnant even as crypto prices have fallen. Source: …
Qatar- QCB issues QR 600 million treasury bills for May 2021
(MENAFN – The Peninsula) QNA Qatar Central Bank (QCB) yesterday issued treasury bills for May 2021, for three, six and nine months, worth QR 600 million. QCB said in a statement posted on its official website that treasury bills were distributed as follows: QR 300 million for three months at an interest rate of 0.43%; …
The looming financial crisis in Europe | Financial Time
Are almost a quarter of companies in the euro area on the verge of a serious liquidity shortage? Euler Hermes, the credit insurer, thinks so. Via a note posted earlier this week: We expect a high cost for sectors sensitive to Covid-19 in the euro area, which could experience average operating losses of -15% to …
Best Crypto Stocks To Buy Now As Bitcoin (BTC) Has Crossed $ 60,000?
Do you have these best crypto stocks on your watchlist this week? As Bitcoin continues its rise, there is no doubt that crypto stocks are hot right now. Unless you’ve lived under a rock, you know the last year has been groundbreaking for Bitcoin. And over the weekend, the cryptocurrency hit a record high of …
Coke adds a subscription to a vending machine; Bottlepay introduces bitcoin transfer via tweet | Payments Source
The information you need to start your day, from PaymentsSource and on the web: The soda of the month Subscription services have skyrocketed over the past year as more companies and products embrace the model. A deployment in Japan brings the concept to vending machines. Coca-Cola has launched a $ 25 monthly subscription service that …
Banks, Fintechs, and Government All Must Act to Protect Liquidity | Payments Source
As individuals and businesses move quickly to digital payments and move away from cash, a big question arises. If the switch to cashless hurts so much, who is responsible for ensuring that innovation does not come at the expense of inclusion? Several stakeholders are involved. The Bank of England (BoE) regularly emphasizes the importance of …