US Treasury

A new US $1 commemorative coin featuring Donald Trump has gone on sale for America's 250th anniversary, with initial supplies selling out rapidly

The rate on 10-year Japanese government notes, too, climbed higher to hit 3 per cent for the first time since 1996, while UK 30-year yields reached the highest since 1998.

Low-growth companies will not find favour, and better visibility of stronger growth over the medium term becomes a prerequisite to lure global investors, said Emkay.

The Trump administration plans to impose sanctions on another bank this week in an effort to clamp down on Iran transactions, Treasury Secretary Scott Bessent said Sunday. Bessent spoke with The Associated Press ahead of Group of 20 meetings in Asheville, North Carolina, where he will meet individually with his counterparts from the world's major and developing economies to encourage participation in the economic isolation of Iran. "This is going to be financial violence if we have to," Bessent said in the interview. "We are showing people that we know who you are, you know who you are, and this has got to stop." Bessent had recently announced a new campaign to push countries that still do business with the already heavily sanctioned Islamic Republic to sever their financial ties or face retaliation from the United States. Treasury's first official action in this campaign was a proposed rulemaking on Friday, which would, if finalized, sever the Emirati branches of Banque Misr, Egyp

The unresolved conflict has kept the Strait of Hormuz closed, sapping growth from nearly all G20 economies

A pain-free budget consolidation is wishful thinking, not least because of AI

US Treasury expands its assessment framework for exchange-rate policies while concluding that India did not manipulate the rupee to gain a trade advantage

The request, which is being reported for the first time, follows Pakistan's role in brokering talks over the Iran war, which raised its diplomatic profile

The US Mint has begun producing a new USD 1 coin bearing President Donald Trump's face that will be released in the fall, the Treasury Department said Wednesday. The final design for the commemorative coin to help celebrate America's 250th birthday was approved earlier this year by the US Commission of Fine Arts, whose members were appointed by Trump. But the finished product unveiled Wednesday differs from that version in a few aspects, including that it is not made of gold but rather has a gold finish. The coin is intended "to honour the enduring legacy of liberty and a lasting symbol of patriotism," Treasury Secretary Scott Bessent said in a post on X. "Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all." Trump, a Republican, has a penchant for putting his name and likeness in the historical record, following his renaming of the US Institute of Peace, the Kennedy Center performing arts ven

Benchmark 6.94 per cent 2036 yield seen at 6.85-6.90 per cent after US rate-hike signals lift Treasury yields

The Treasury Department moved Friday to enlist the nation's banks more deeply in President Donald Trump's immigration crackdown, including issuing fresh guidance that lets banks rapidly share information about suspected customers and an advisory steering them to flag signs that one of their customers may lack legal immigration status. These changes are part of the administration's push to remove undocumented workers from the nation's banking system without explicitly mandating that banks do so. In order to get banks to participate, the administration has framed these actions as a crackdown on fraud and crime, not explicitly about immigration. "The information in your purview can help stop a cartel financier, disrupt a money laundering network, uncover labour exploitation, or protect taxpayers from fraud," Treasury Secretary Scott Bessent said in prepared remarks at a banking conference in Houston. Bessent's remarks and the Treasury Department's new guidelines come from an executive

Administration began processing refunds in April after the Supreme Court ruled that President Trump didn't have the authority to impose tariffs using the International Emergency Economic Powers Act

Gold now accounts for a larger share of official global reserves than US Treasuries, reflecting rising central bank demand and a changing financial landscape

The world is getting more uptight about lending money to President Donald Trump's government - causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November's mid-term elections. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the US government. Interest rates on a 10-year US Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest levels in nine months, while auto sales are slumping. The challenge is global in scale, as interest rates have risen for multiple countries as the world has been adjusting to the prospect of higher inflation, mounting questions about the sustainability of government debt and a dramatic surge in investment in artificial intelligence. Trump has tried to assure Americans that he has a plan to trim the roughly USD 1.8 ...

Treasury Secretary Scott Bessent said on Thursday that his department has prepared the design for a USD 250 bill featuring President Donald Trump, anticipating the passage of stalled legislation in Congress to put the president on a new denomination of legal tender. Bessent said at the White House that authorising the new currency will be up to lawmakers on Capitol Hill, but that "we have created the bill" because "we have to be prepared". The secretary downplayed the idea that the administration is pushing the matter, despite Trump's penchant for infusing his name and likeness across the nation's capital and into the observances of the 250th anniversary of the Declaration of Independence. Yet he also insisted there is nothing inappropriate about Trump's visage being part of the seminal national celebration. "The president does not do it; the House and the Senate have to do it," Bessent said at the White House, referring to legislation, introduced by Representative Joe Wilson, R-SC,

With the Iran war unleashing the biggest inflation surge since 2023, traders are pricing in that the Fed is virtually certain to start raising rates by December

A jump in US Treasury yields, pressure on the rupee and RBI's latest liquidity move have again brought focus back on India's 10-year bond yield and why markets track gap so closely

The rupee slid to ‌96.96 per dollar, breaching its previous record low of 96.6150 hit in the prior session, and ended the day at 96.82

The rupee weakened to a fresh low against the dollar amid elevated crude oil prices, higher US Treasury yields, and continued foreign fund outflows

Treasury Secretary Scott Bessent says 30-day extension will help stabilise crude markets and support countries affected by Gulf supply disruptions