3 Min Read
NEW YORK (Reuters) - A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
The yield on the benchmark U.S. Treasury note, whose surge has roiled markets in recent weeks, fell back after hitting its highest level since January 2020 ahead of the highly anticipated statement from the central bank.
By Reuters Staff
1 Min Read
CAIRO, March 16 (Reuters) - Saudi Arabia’s National Debt Management Center closed on Tuesday its local issuance for March, 2021 of the kingdom’s sukuk, or Islamic bonds, program at a total of 7.674 billion riyals ($2.05 billion), Saudi state news agency (SPA) said.
The issuance was divided into two tranches, the first amounting to 2.710 billion riyals maturing in 2028, while the second amounted to 4.964 billion maturing in 2031. ($1 = 3.7502 riyals) (Reporting by Nayera Abdallah Editing by Chris Reese)
By Reuters Staff
5 Min Read
(Reuters) - Investors are laser-focused on Federal Reserve Chair Jerome Powell on Wednesday and crucially the bond market’s reaction to the central bank’s policy-setting committee meeting, with benchmark U.S. Treasury yields at 13-month highs.
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
Federal Reserve officials are due to issue new economic projections on Wednesday, with an upgrade to GDP growth. Markets predict the Fed may be forced to act sooner than expected in raising rates.
Benchmark 10-year Treasury yields have jumped from 0.953% at the beginning of the year to 1.67% on Wednesday, in the midst of the two-day policy meeting that began on Tuesday. The rise in yields in recent weeks came on optimism about the economic recovery and as the United States readied new fiscal stimulus.
3 Min Read
NEW YORK (Reuters) - A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
The yield on the benchmark U.S. Treasury note, whose surge has roiled markets in recent weeks, fell back after hitting its highest level since January 2020 ahead of the highly anticipated statement from the central bank.
3 Min Read
NEW YORK (Reuters) - A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
The yield on the benchmark U.S. Treasury note, whose surge has roiled markets in recent weeks, fell back after hitting its highest level since January 2020 ahead of the highly anticipated statement from the central bank.