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NEW YORK (Reuters) - Investors concerned about demand for U.S. Treasury debt will be watching Wednesday’s 10-year auction for clues to where yields in the recently volatile market may be headed.
FILE PHOTO: A vehicle drives past the U.S. Treasury Department in Washington, D.C., U.S. December 13, 2020. Picture taken with a long exposure. REUTERS/Raphael Satter
The U.S. Treasury Department has increased debt issuance dramatically in the last year to fund coronavirus stimulus endeavors. Roughly $3.6 trillion of new government paper was issued in 2020 versus $2.9 trillion the year prior, according to SIFMA. With President Joe Biden’s $1.9 trillion fiscal package on the docket, issuance in 2021 is slated to rise to $4 trillion this year, according to ING.
March 10, 2021
How much would you pay for a 3D rendering of a sofa? Last month, a line of “virtual furniture” earned its creator nearly half a million real dollars on Nifty Gateway, one of several online auction sites for blockchain-backed digital assets.
Conceived by Andrés Reisinger, a 29-year old Argentinian digital artist based in Barcelona, the collection includes blob-shaped couches, a discombobulating set of drawers, and one pink swivel office chair.
To be clear, these are mostly computer generated files not actual pieces of furniture. Winning bidders, however, can use them to furnish their virtual worlds and gaming environments. For instance, the person who paid $5,000 for a rendering of a gravity-defying table called Pinky can upload it to Minecraft.
Synopsis
The technical bid for the Kuraloi (A) North mine in Odisha was received from Vedanta Ltd and an Empowered Committee of Secretaries (ECoS) will take a final call on it, Coal and Mines Minister Pralhad Joshi told Lok Sabha in a written reply.
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Only one bid has been received out of four coal mines that were put up for second attempt of auction under the 11th round of Coal Mines (Special Provisions) Act (CMSP Act), Parliament was informed on Wednesday.
The technical bid for the Kuraloi (A) North mine in Odisha was received from Vedanta Ltd and an Empowered Committee of Secretaries (ECoS) will take a final call on it, Coal and Mines Minister Pralhad Joshi told Lok Sabha in a written reply.