The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden's stimulus package were distributed, the Treasury Department said on Monday.
Mexico faces a "new challenge" as different parts of its economy will recover at varying paces, with export-dependent industries expected to lead the way, Bank of Mexico Governor Alejandro Diaz de Leon said on Monday.
(Adds comment from S&P Global, updates prices)
LONDON/NEW YORK, April 12 (Reuters) - Ecuador’s government bonds rallied on Monday, with some hitting their highest-ever level after banker Guillermo Lasso defied the polls and won a presidential election on promises to revive the economy.
Lasso took 52% of the vote in a runoff following a campaign that pitted free-market economics against the social welfare plans of economist Andres Arauz.
Ecuador’s recently restructured bonds rose sharply, with July 2035 paper up 15 cents at 63.3 cents on the dollar, near its record high, and the July 2030 bond up nearly 18 cents to 77.5 cents on the dollar, its highest bid since trading started in September, according to MarketAxess and Refinitiv data.
The share of foreign investors among holders of Russia's OFZ treasury bonds slumped further in March to its lowest since August 2015, the central bank data showed on Monday.
By Reuters Staff
1 Min Read
South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration
JOHANNESBURG (Reuters) - South Africa’s rand weakened early on Monday, its recent rally running out of steam as investors worried again about the pace of an economic rebound.
At 0700 GMT the rand was 0.1% weaker at 14.6250 compared to a close of 14.5900 on Friday in New York.
The currency rallied to 14.4475 last week, its strongest in six weeks, but again failed to hold below 14.50.
Recent demand for emerging-market currencies has been driven by weakness in the U.S. dollar and Treasury yields after minutes from the U.S. central bank’s latest meeting showed it was in no hurry to tighten monetary policy.