This increase in the US bond yield, the most significant in roughly four decades, is consequential
Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday
The combination of that and an agreement to avert a partial U.S. government shutdown sent benchmark Treasury yields to as high as 4.706% on Tuesday, a 16-year peak, in turn driving the dollar higher
This makes Indian bonds less attractive to foreign investors
Closing Bell on September 28, 2023: Tech M, which sank 4 per cent, was the top laggard on the benchmarks after Morgan Stanley downgraded the stock to 'underweight'
Rupee ends close to all time low
Euro zone bond yields also held near multi-year highs as the narrative that central banks will keep rates higher for longer held sway
Nothing important is ever easy but we are increasingly seeing a coming together of the world. I am encouraged by the way the shareholders have come together
Net inflows in 2023 highest in six years
The rupee closed at 83.1450 against the U.S. dollar as compared with 82.93 in the previous session. Most Asian currencies fell, with the Thai bhat and offshore Chinese yuan leading losses
The US Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will be divided into economic and financial segments. The working groups will establish a durable channel of communication between the world's two largest economies, Yellen said in a series of planned tweets shared with The Associated Press ahead of Friday's announcement. Yellen said the groups will serve as important forums to communicate America's interests and concerns, promote a healthy economic competition between our two countries with a level playing field for American workers and businesses." The announcement follows a string of high-ranking administration officials' visits to China this year, which sets the stage for a possible meeting between President Joe Biden and his Chinese counterpart, Xi Jinping, in Novemb
The five-year swap rate rose by nine basis points to settle at 6.78 per cent on Friday, against 6.69 per cent on Thursday
On her fourth visit to India in 10 months, Secretary Yellen will focus on strengthening the global economy and supporting low and middle-income countries by advancing the MDB
The local currency had hit the all-time low closing level of 83.15 per US dollar on Thursday on the back of rise in US Treasury yields
Domestic brokerage says US yields, nearing a 16-year high, are at the upper range, as inflation is moderating
The price of 22-carat gold dipped Rs 350, with the yellow metal selling at Rs 54,100
US Treasury Secretary Janet Yellen on Monday said that Washington appreciates India's leadership during its G20 Presidency and New Delhi's demonstrated leadership on debt issues.Yellen said, as the world is looking forward to the G20 to make progress on key challenges like climate change and pandemics, both countries would take significant, concrete steps forward in meetings ahead."The United States has appreciated India's leadership during its G20 presidency, and we will continue our close cooperation. The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work to strengthen the global economy and to support developing countries. I am hopeful we can take significant concrete steps forward in our meetings," Yellen said while addressing a press conference earlier today in Gandhinagar.The US Treasury Secretary delivered the remarks after a meeting with Finance Minister Nirmala Sitharaman today.Speaking on the Multilateral ...
She indulged in ten hours of meetings over two days and left for Washington on Sunday. However, it is unlikely that the economic tension between the two countries will actually ease, the report noted
Treasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants. Yellen planned to focus on stabilizing the global economy and challenging Chinese support of Russia during its invasion of Ukraine, Treasury officials in Washington told reporters ahead of the trip. The secretary was due to meet with Chinese officials, American businesspeople and members of the public, according to Treasury officials. They gave no details, but said Yellen wouldn't meet Chinese leader Xi Jinping. Yellen follows Secretary of State Antony Blinken, who met Xi last month in the highest-level US visit to Beijing in five years. The two agreed to stabilise relations but failed to agree on improving communications between their militaries. Yellen earlier warned against economic decoupling, or disconnecting US and Chinese industry and markets. Businesspeople have .
Broader disruption in financial markets would quickly put focus on the Fed, which during the 2011 debt-limit showdown compiled a backstop menu of options to avert systemic collapse