Qatar's Commercial Bank indicated it expects to sell on Wednesday $500 million in Additional Tier-1 bonds non-callable for five years, two sources said, citing a bank document on the deal.
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LONDON/NEW YORK (Reuters) - Central bankers worldwide have been unequivocal: There are no plans to cut back on money-printing any time soon, let alone raise interest rates.
FILE PHOTO: Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on The Quarterly CARES Act Report to Congress on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS
Markets do not seem to be buying it.
U.S. 10-year Treasury yields rose on Wednesday to one-year highs above 1.4%, extending this year’s near 50 basis-point jump that has dragged up sovereign borrowing costs in Europe, Japan and elsewhere. Yields retreated later in the session to 1.37%.
Prime Minister Pedro Sanchez announced an extra 11 billion euro ($13.4 billion) package on Wednesday to help Spain's small and mid-sized companies and the self-employed cope with the economic crisis wrought by the coronavirus pandemic.
The National Rifle Association has filed a countersuit against New York Attorney General Letitia James, saying she lacks authority to invoke state laws governing nonprofits to dissolve "political entities" such as itself.