Treasury
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Foreigners no longer have an insatiable appetite for U.S. government debt. That’s bad news for Washington. The U.S. Treasury market is in the midst of major supply and demand changes. The Federal Reserve is shedding its portfolio at a rate of about $60 billion a month. Overseas buyers who were once important sources of demand—China […]
U.S. Treasury yields were higher on Wednesday, as investors digested the latest consumer price index and considered the economic outlook ahead of further key data. At 4:14 a.m. ET, the 10-year Treasury was trading at 4.4453%, after rising by less than one basis point. It had lost 18 basis points to tumble below the 4.5% […]
Car miniature, “Electric vechicles (EVs)” words, U.S. and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights WASHINGTON . . .
The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. REUTERS/Florence Lo/File Photo Acquire Licensing Rights
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A ransomware attack on the financial services arm of China’s largest bank has disrupted the US Treasury market by forcing clients of the Industrial and Commercial Bank of China to reroute trades, market participants said […]
Treasury imposes consequences on money launderer responsible for moving funds on behalf of Russian elites and ransomware actors WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ekaterina Zhdanova, a Russian national, for her role in laundering and moving funds using virtual currency on behalf of Russian elites. This […]
Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia’s Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. REUTERS/David Gray/File photo Acquire Licensing Rights
Sources and Uses Table WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2023 and January – March 2024 quarters. During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held net marketable debt, assuming an end-of-December cash balance […]
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights
New report shows that President Biden’s American Rescue Plan effectively delivered resources and aid to historically underserved communities, enabling economic recovery far more quickly than in previous downturns. WASHINGTON – Today, the U.S. Department of the Treasury released a report providing new evidence that the recovery from the economic harm of the COVID-19 pandemic was […]