There could be losses in these funds if interest rates rise or the rupee appreciates
The Treasury Department said the deficit was the largest since a covid-fueled $2.78 trillion gap in 2021
Treasury managers are padding up for the new norms for the classification, valuation and operation of investments
Spot gold rose nearly 1% to $1,886.40 per ounce by 0932 GMT. U.S. gold futures added 0.9% to $1,899.20
Benchmark Treasury yields edged higher and the dollar index rose 0.4%, denting appeal for gold
The 10-year Treasury bond yield rose by 203 basis points (bps) from 8.2 per cent on 17 June, 1987 to 10.23 per cent on 15 October, 1987
Market participants also exercised caution ahead of the Reserve Bank of India's upcoming monetary policy announcement
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