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Cost of borrowing U.S. Treasuries in repo market goes negative, indicating stress - analysts - Vimarsana News

Cost of borrowing U.S. Treasuries in repo market goes negative, indicating stress - analysts

(In 2nd and 7th paragraphs, corrects repo rate to -3% to -4%) NEW YORK, March 4 (Reuters) - The cost of borrowing U.S. Treasuries in the overnight repurchase agreement, or repo market, went negative on Thursday, analysts said, caused by the recent bond market sell-off and suggesting stress in money markets. That repo rate, which is typically positive, was -3% to -4%, two analysts said. Negative repo rates typically occur when a particular collateral security becomes in demand - in this case analysts pointed to the 10-year Treasury - or there is a reduced supply in the repo market. In order to...

REFILE-UPDATE 1-Kenya's Equity Group Holdings launches $684 mln loan facility for SMEs - Vimarsana News

REFILE-UPDATE 1-Kenya's Equity Group Holdings launches $684 mln loan facility for SMEs

Kenya's Equity Group Holdings said on Wednesday it had launched a lending facility worth 75 billion Kenyan shillings ($685 million) to help small and medium-sized enterprises (SMEs) recover from the economic impact of the COVID-19 pandemic.

REFILE-US STOCKS-S&P 500 set for slightly lower open as private jobs data disappoints - Vimarsana News

REFILE-US STOCKS-S&P 500 set for slightly lower open as private jobs data disappoints

The S&P 500 and the Nasdaq were set to open lower on Wednesday as disappointing private employment data for February dampened enthusiasm over a quick economic rebound fueled by a swift rollout of COVID-19 vaccines.

UPDATE 1-Sunseap, Tenaga forming venture to trial Singapore electricity imports from Malaysia - Vimarsana News

UPDATE 1-Sunseap, Tenaga forming venture to trial Singapore electricity imports from Malaysia

Malaysia's largest electricity utility, Tenaga Nasional Bhd (TNB), and Singapore-based solar firm Sunseap Group announced on Tuesday they are forming a joint venture to participate in a tender to trial clean electricity imports into Singapore from Malaysia.

REFILE-EXCLUSIVE-CDP consortium's bid to value Atlantia unit at 9 bln euros -sources - Vimarsana News

REFILE-EXCLUSIVE-CDP consortium's bid to value Atlantia unit at 9 bln euros -sources

* CDP consortium to bid for Atlantia’s unit by Feb. 24 * Atlantia’s unit valued 9 bln euros in CDP offer, sources say * CDP says consortium could buy up to 100% of Autostrade MILAN, Feb 23 (Reuters) - Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit, CDP said, after two sources told Reuters the bid would value 100% of Autostrade at 9 billion euros. Italian state lender CDP, which will file its binding bid with its investment fund partners Macquarie and Blackstone, did not disclose the financial ...