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Showing 1 - 10 of 100+ results for "US Treasury"

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... reported. Likewise, the unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. Fortunately for US Treasury Secretary Janet Yellen, she was quick to walk back her talk at the "Future Economic Summit" suggesting that interest rates ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... America's public debt soared from US$9 trillion to US$21 trillion between 2010 and 2020. So much so that benchmark 10-year US Treasury bond yields have risen to a 14-month high of 1.78%. This suggests that Uncle Sam would be paying higher interest ...

Chief economist update: Wall Street can't have its cake and eat it

BENJAMIN ONG  |  WEDNESDAY, 24 FEB 2021
... romantic comedy film, "something's gotta give"... and that, Virginia, is the US bond market. The yield on 10-year US Treasury bonds have been on the rise. No need for numbers, the chart below says it all: Yields have been going up and up because ...

Chief economist update: Amber alert

BENJAMIN ONG  |  WEDNESDAY, 17 FEB 2021
... thereafter. It could be that this time is different. But there's also Murphy's Law. The recent rise in 10-year US Treasury bond yields - up to a one-year high of 1.31% -- serves as a yellow light -- an amber alert -- to the equity markets. But ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... interest rates soon unless it foresees rising inflation or imbalances in the economy. In her confirmation hearing, US Treasury Secretary nominee Janet Yellen declared that with interest rates at historic lows, the smartest thing is to "act big" on COVID-19 ...

Key finance figures in Biden Cabinet

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... the nation. The first, and most notable in the economics world is Janet Yellen, whom Biden has nominated to lead the US Treasury. Yellen is the former US Federal Reserve governor. She was also the chair of the White House Council of Economic Advisers ...

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... rules to make it simpler to settle the currency internationally. 'Twas less than one and a half years ago that the US Treasury Department branded China a "currency manipulator" - the first time in 25 years - because the yuan's depreciation gives ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... bank in connection to a related proceeding regarding manipulative trading activity in the secondary cash market for US treasury notes and bonds. Under the resolution, J.P. Morgan Securities will pay $10 million in disgorgement and a $25 million civil ...

Brace for 5% returns from global stocks

KANIKA SOOD  |  MONDAY, 14 SEP 2020
... Asia, is a mere 0.6% return premium to developed markets." In fixed income, it expects an interest of 1% from 10-year US Treasury Bonds. Global high yield will produce an annualised return of 5.6% p.a. over the period. "Low but steady interest rates ...
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