Page 14 - Us Treasury
US budget deficit soars to $2 tn during first 8 months FY21: Treasury Dept
The US budget deficit soared to $2.1 trillion during the first eight months of fiscal year 2021, which ends on September 30, the Treasury Department reported
 "US budget deficit soars to $2 tn during first 8 months FY21: Treasury Dept")
US Treasury Secretary Janet Yellen holds virtual meeting with China's VP
Janet Yellen held a virtual meeting with China's Vice Premier Liu He, discussing plans for economic recovery and "frankly" tackling issues of concern
 "US Treasury Secretary Janet Yellen holds virtual meeting with China's VP")
Gold prices edge higher on a weaker dollar and US Treasury yields
Spot gold was up 0.1 per cent at $1,882.61 per ounce at 10:25 am EDT (7:55 pm IST), having last week reached its highest since Jan. 8 at $1,889.75. US gold futures gained 0.3 per cent to $1,881.50
 "Gold prices edge higher on a weaker dollar and US Treasury yields")
US Treasury proposes 15% minimum tax on global corporate profits
The US Treasury Department said that it supports a global minimum corporate tax rate of at least 15% below the 21% minimum it has been seeking to impose on the foreign profits of US-based companies
Gold holds below four-month peak as dollar; Treasury yields rebound
Spot gold was flat at $1,869.50 per ounce by 0500 GMT, after hitting its highest since Jan. 8 at $1,889.75 on Wednesday
 "Gold holds below four-month peak as dollar; Treasury yields rebound")
US keeps India, 10 others in the currency practices monitoring list
Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico
 "US keeps India, 10 others in the currency practices monitoring list")
Developed markets outperformed emerging markets in March, shows data
The 10-year US Treasury yield has moved from 1.2 per cent to 1.7 per cent in just six weeks.
 "Developed markets outperformed emerging markets in March, shows data")
BlackRock, others' risks should be studied carefully: US Treasury Secretary
Treasury Secretary said it's important to "look carefully" at systemic risks posed by asset managers but designating them as systematically important financial institutions may not be right approach
 "BlackRock, others' risks should be studied carefully: US Treasury Secretary")
The making of another storm
Evolving conditions in both domestic and international markets can materially increase policy complexities
Facebook lifts S&P 500 and Nasdaq as US Treasury yields pause
Reversing a recent trend, so-called growth stocks mostly outperformed value stocks viewed as more likely to outperform as the economy recovers from the coronavirus pandemic
 "Facebook lifts S&P 500 and Nasdaq as US Treasury yields pause")
US bond yield spike, rising Covid-19 cases in India drag indices
The index rose close to 500 points on opening after the US Federal Reserve (Fed) pledged to shrug off inflation worries for a while and keep the monetary policy loose through 2023
 "US bond yield spike, rising Covid-19 cases in India drag indices")
Yellen and FM Sitharaman discuss global economic outlook
US Treasury Secretary Janet Yellen has spoken to Finance Minister Nirmala Sitharaman for the first time
Treasury dealers offload bonds as regulatory deadline approaches
One explanation for the disconnect is that dealers are taking steps to trim holdings before the expiry of a key regulatory exemption on March 31
 "Treasury dealers offload bonds as regulatory deadline approaches")
The recovery risks
Economic management in India will remain tricky
 "The recovery risks")
Surging yields drag indices: Sensex falls 440 pts, Nifty ends at 14,938
10-year US Treasury yield crosses 1.5% again following Powell's comments
Indian rupee, bonds weaken tracking US treasuries; more falls likely
India's central bank governor told investors on Wednesday to trust the bank to manage the government's massive borrowing programme
 "Indian rupee, bonds weaken tracking US treasuries; more falls likely")
Indices log biggest 1-day fall in 9 mths; Sensex sinks 1,939 pts, holds 49K
In the intra-day trade, the benchmark S&P BSE Sensex tumbled 2,149 points while the Nifty50 index slumped 629 points
 "Indices log biggest 1-day fall in 9 mths; Sensex sinks 1,939 pts, holds 49K")
Bond yields, US air strike: What dragged the Sensex 1,939 pts lower today
A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood
 "Bond yields, US air strike: What dragged the Sensex 1,939 pts lower today")
Gold prices slip as higher US Treasury yields dim appeal
Benchmark US Treasury yields held close to a one-year peak hit in the previous session
 "Gold prices slip as higher US Treasury yields dim appeal")
Bharti Airtel raises $1.25 bn through issue of dual tranche $ bond offering
Airtel has priced $750 million of senior 10.25-year bonds at a yield after adding 187.5 basis points (bps) over the US Treasury, for an implied coupon of 3.25 per cent
 "Bharti Airtel raises $1.25 bn through issue of dual tranche $ bond offering")