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FIIs pulled $1.06 billion from Indian debt in June amid global risks and narrowing yield spreads, though short-term bond picks hint at selective optimism.
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DOGE’s efforts to stop USAID payments undermine assurances that the department gave to federal lawmakers in a Tuesday letter that it sought only to review the integrity of the payments and had “read-only access” to the system as part of an audit process.
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After last week’s debate hurt President Joe Biden’s chances of winning reelection, Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields.
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Concerns arise that rising Japanese rates might prompt investors to seek higher yields in domestic markets
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Treasury yields rose, the dollar soared, and global shares gained on Friday after a strong U.S. jobs report dashed any remaining hopes of a near-term interest rate cut and emphasised a robust economy.
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Asian shares decline as Wall Street ends winning streak; Treasury yields near five-month lows on expectations of soft U.S. inflation data following Britain's similar trend.
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From Google's AI weapon to JPMorgan's investment outlook and Saudi oil production cut to US bond market, here's a look at the developments in the sphere of business and economy from around the world
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From US money market to changing dynamics on the EV front and green projects to record shopping spree, here's a look into the markets around the world
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October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. The S&P 500 index (.SPX) is down 3.5% for the month, adding to losses that have left it over 10% off its late-July high.
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Multiple factors have lined up to suggest tough days ahead for the markets
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In a nutshell, the new rules would instil more treasury discipline on banks and greater transparency through disclosures that show how banks are managing their portfolios.
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Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest rate insight from the Federal Reserve next week.
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The deal would avert an economically destabilising default, so long as they succeed in passing it through the narrowly divided Congress before the Treasury Department runs short of money to cover all its obligations
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The two sides have been negotiating for weeks on an agreement to raise the federal government's self-imposed borrowing limit, with Republicans also pushing for sharp spending cuts. Without a deal, the United States could face a calamitous default.
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In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen confirmed that the agency will be unlikely to meet all U.S. government payment obligations by early June, triggering the first-ever U.S. default. The debt ceiling could become binding by June 1, she said.
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No matter what the central bank does, investors face more pain after volatility surged to levels not seen since the 2008 financial crisis
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The near-term trajectory of yields will likely hinge on next week's Federal Reserve meeting. Signs that the central bank may prioritise financial stability and slow or pause its rate increases could pull yields even lower
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The yield rose 11 basis points to 4.08%, its first increase in four days. The latest move comes as traders await US consumer price inflation data on Tuesday for clues on the Federal Reserve’s rate trajectory after the failure of several US banks muddied the outlook for US interest rates.
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The broader bond market is also signalling that a Federal Reserve policy rate peak short of 5 percent will be enough to cause a recession, requiring rate cuts totaling half a point during the second half of the year
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Yellen's oversight of about $270 billion in tax credits for electric vehicles, home solar panels and other climate purchases contained in the Inflation Reduction Act have made her a pivotal climate figure
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The US five-year yields tumbled as much as 24 basis points on Tuesday to 3.55 percent, the lowest level since September 13, before rebounding to close at 3.65 percent
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MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.63% higher as traders cheered an easing of COVID-19 restrictions in China's Guangzhou city. European shares also gained ground after falling for two sessions.
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The average yield on sovereign debt maturing in 10 years or more has fallen below that of securities due in one-to-three years
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All three major U.S. stock indexes have pared since bursting through the starting gate, but remain on course to extend Monday's broad rally.
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Deputy Secretary of the Treasury Wally Adeyemo will travel to Mumbai from August 24-25 and New Delhi on August 26 for meetings and events, the treasury said in a statement on Friday.
