By Reuters Staff
1 Min Read
TOKYO, Feb 16 (Reuters) - Most G7 economies such as Japan, Britain, the United States and France agree that now is not the time to withdraw fiscal support for their coronavirus-hit economies, Japanese Finance Minister Taro Aso said on Tuesday.
“The biggest issue now is when to shift from crisis-mode policy to fiscal restoration. In doing so, it’s important for such action to be coordinated,” Aso told parliament. (Reporting by Leika Kihara Editing by Chang-Ran Kim)
India is poised to clear some new investment proposals from China in the coming weeks as frosty relations between the two neighbouring countries thawed amid an easing in border tensions, said three government officials with knowledge of the matter.
U.S. 10yr Treasury yields top 1.25% Over 100 bln euros demand for Italy bond sale Ultra long euro zone debt under-performs in selloff Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices)
LONDON, Feb 16 (Reuters) - German 10-year bond yields hit their highest level since June on Tuesday as expectations for an economic recovery and extraordinary fiscal stimulus in the United States pushed yields higher across the board.
U.S. President Joe Biden will travel to Wisconsin on Tuesday to press his case for a $1.9 trillion pandemic relief bill in the political battleground state that helped secure his victory in last year’s presidential election.
A rise in the yield of U.S. benchmark government debt has pushed it near thresholds that could fuel a wave of Treasury selling by mortgage investors, a scenario likely to exacerbate the bond selloff and cause rates to spike even further.
The European Central Bank's worst-case scenario of non-performing loans at EU banks reaching 1.4 trillion euros ($1.70 trillion) at the end of pandemic "is less likely to occur", a member of its Single Supervisory Board told Il Sole 24 Ore.