US stocks continue to slip as uncertainty drives sell off; oil breaches 7-year high
The Dow Jones Industrial Average shed 323 points (0.94%) to sit at 34,002 and The S&P 500 couldn’t find its footing either, sliding 56 points (1.3%),...
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The Dow Jones Industrial Average shed 323 points (0.94%) to sit at 34,002 and The S&P 500 couldn’t find its footing either, sliding 56 points (1.3%),...
Latest CFTC/Reuters Report – Net Dollar Longs Little Changed Summary: The Dollar steadied against its Rivals on Friday after US Producer Prices beat forecasts in August.
Focusing on a $19 an hour temporary benefit over the dignity that comes from work , which is readily available in this economy. it's totally inexcusable and it's an unforced error that didn't need to be there. the inflation story has a very inconvenient problem. a 1.4% 10 year bond yield. that's not inflation. what is a problem is the biden administration unnecessarily paying people not to work. charles: laura? >> well i just think if you want people to go back to work you pay them to go back to work. that's the supply and demand issue. i actually think that we have seen across this country, w...
How RBI managed to boost its surpluses × Revenue from foreign and domestic investments apart, there was a spike in RBI’s holdings of GSecs for which it earns interest The transfer of RBI surplus of nearly ₹1 lakh crore to the government sounds good as it helps a lot to balance the Budget. As the announcement comes in May, it would be used in the Budget for FY22 as the government follows the cash accounting system where income is reckoned when received. In the previous year, the surplus was ₹57,132 crore. For FY22, the Budget has targeted an amount of ₹53,510 crore from the RBI, bank...
The bond market seems to have reconciled with the fact that no matter what the inflation print, the Reserve Bank of India (RBI) will keep the 10-year bond yields below 6 per cent, say experts. To that effect, the central bank seems to have trained its focus on the 10-year bond, mopping up most of it to create a liquidity shortage in the market of that particular paper. Such constricted liquidity helps drive yields even with relatively lower value of transactions. In declared secondary market operations, through government securities acquisition programme (G-SAP) or open market operations (...