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Page 37 - ஒன்றுபட்டது மாநிலங்களில் டாலர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

World shares gain ahead of US jobs data, Fed chair comments

Benchmarks rose Wednesday in Paris, London, Tokyo and Shanghai. US futures also advanced. Investors have taken heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. The yield on the 10-year Treasury inched down to 1.40 per cent early Wednesday. But expectations for stronger economic growth in coming months continue to fuel worries that interest rates will head higher. It feels like we are in the eye of the storm, Stephen Innes of Axi said in a commentary. Investors have recently focused on selling high-priced technology shares but are also watching for policy changes as President Joe Biden s USD 1.9 billion stimulus package heads into the Senate after narrowly passing in the House.

Non-US banks cut back on MMF dollar funding post-Covid – BIS

Non-US banks cut back on MMF dollar funding post-Covid – BIS Print this page   Money market funds (MMFs) provided fewer dollars to non-US banks after the initial outbreak of the coronavirus crisis, research by the Bank for International Settlements (BIS) shows. As of end-2020, non-US banks’ use of MMFs for dollar funding amounted to some $1.13 trillion, down 21% on a year prior and at its lowest level since March 2018. Unsecured borrowings from offshore and US MMFs declined the most percentage-wise over this period, by 38% and 35% respectively. Repo borrowings from Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

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