Us Treasury

US treasury yields dip as traders await Fed's rate decision due on Wed

The Fed is expected to say that it will be in no rush to make further cuts as inflation improves but remains above its 2 per cent annual target, while the labor market also remains relatively strong

US foreign investment panel split on Nippon-US Steel deal, say reports

CFIUS, a powerful committee charged with reviewing foreign investments in US firms for national security risks, has until Dec. 22 to make a decision on whether to approve, block or extend the timeline

Donald Trump's Treasury pick fuels global relief rally against dollar

US Treasuries climbed across the curve in early trading with the yield on benchmark 10-year notes falling five basis points to 4.35 per cent, the lowest in a week

Trump picks Scott Bessent as Treasury secy, Vought as top budget official

President-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Trump also said he would nominate Russel Vought to lead the Office of Management and Budget, a position Vought held during Trump's first presidency. Bessent, 62, is the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation's first openly gay treasury secretary. He told Bloomberg in August that he decided to join Trump's campaign in part to attack the mounting US national debt. That would include slashing government programs and other spending. This election cycle is the last chance for the US to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy, he said then.

Trump considers Kevin Warsh for Treasury Secretary, later Fed chairman

Potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat

Trump widens treasury secretary search with Warsh and Rowan in the list

Bloomberg reported on Monday that Bessent was being considered for the White House's National Economic Council, but holding off accepting until a decision is made on the Treasury secretary

Trump's Treasury pick: Lutnick now likely top contender alongside Bessent

While the sources said the race seemed to have narrowed to the two for now, it is possible that other serious contenders could emerge as Trump ultimately decides who he wants

Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework

Banks bat for collateralised benchmark with a balanced 50-50 weighting between TREPS and CHROMs

Isolationism has hurt America and world: Yellen to global finance leaders

Treasury Secretary Janet Yellen is telling world financial leaders that the US economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump's policies two weeks before the US election. Yellen was opening the IMF and World Bank annual meetings on Tuesday by highlighting US economic growth since the nation was in the grips of the COVID-19 pandemic. Without mentioning Trump by name, she said in an advance draft of her remarks that the Biden administration had ended a period of international isolationism that made America and the world worse off. We went from millions having lost their jobs to a historic labour market recovery, Yellen says. She said US economic growth has been almost twice as fast as most other advanced economies this year and last, even as inflation came down sooner. The IMF released its international outlook on the global economy on Tuesday morning and upgraded its economic outlo

Close to finalising $50 bn Ukraine loan with US contributions: US Treasury

Yellen told that the Russian sovereign assets, mostly held in Europe, will remain immobilized

US posts $1.8 trn annual deficit, highest outside of Covid: Treasury data

Treasury officials highlighted that the widening was largely due to accounting for the Biden administration's broad student debt relief plan

US treasury secy warns on using tariffs to wall off US from world economy

Her comments, less than three weeks from the presidential election, come against a backdrop of Republican candidate Donald Trump touting tariff hikes as his preferred economic policy tool

US Treasury calls for new IMF, World Bank steps on liquidity pressures

The plan "will require hard work and innovation" at the international financial institutions, US Treasury official said

US Treasury reports $380 billion federal budget deficit in August

The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24 per cent increase from a gap of $1.525 trillion in the year-ago period

Cash could stay attractive for months despite rate cuts, says JP Morgan

In 2001 and 2019 - an aggressive and shallow rate-cutting cycle, respectively - the spread turned positive about three months after the first cut

Gold price climbs Rs 10 to Rs 70,100, silver rises Rs 100 to Rs 83,100

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 64,260

US treasury yields boost dollar, leave Japan's yen dazed at 38-year low

On Tuesday, the yield on the 10-year note was down 2 basis points on the day at 4.4554%, around its highest since the start of the month

Govt bonds remain unchanged amid rising selloff in US Treasury yields

Investors have raised bets that former President Donald Trump may out beat US President Joe Biden at the elections due in November, especially after last week's debate

Indian govt bond yields marginally higher tracking US Treasury moves

US yields rose on Friday and gained further during Asia hours as uncertainty around the US presidential election

Foreigners buy India debt on eve of index inclusion, indicators signal

Firstly, the rupee rose to 83.4525 per dollar, up 0.14 per cent on the day, despite a jump in US Treasury yields on Wednesday