2-year, 10-year Treasury yields at highest levels since December after modest CPI revisions
Treasury yields finished higher on Friday, after minor revisions to U.S. inflation data reinforced investors’ economic optimism.
Tag: treasury
Treasury minister accused of not knowing ‘basic facts of her job’
A Treasury minister has been accused of not knowing “the basic facts of her job” after struggling to answer questions about the rise in national debt.
US Treasury ATTACK On Defi!! Here’s What They Plan To Do!
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In One Chart: What ‘unprecedented’ volatility in the $24 trillion Treasury bond market looks like
Fears of instability in the U.S. banking system and poor liquidity are being blamed for recent extreme volatility in the world’s ‘safest bond market.’
Market Extra: Two-year Treasury yields see biggest monthly drop since 2008 after bank turmoil
U.S. Treasury yields tumbled in March as banking-sector woes roiled markets, with two-year rates seeing their biggest monthly drop since 2008.
Lawrence G. McMillan: ‘Every time the bulls think they can celebrate, the Fed or the Treasury throws cold water on the party.’
This rally so far is an oversold one. S&P 500 resistance is at 4040, with support at 3760, writes Lawrence McMillan.
UK Treasury Is Giving Older People $90,000 a Year To Keep Working
An anonymous reader quotes a report from Bloomberg: Convincing older British workers to stay in their jobs will cost the UK Treasury 75,000 pounds ($90,000) per person in tax breaks for some of the country’s wealthiest savers, analysis of Chancellor of the Exchequer Jeremy Hunt’s budget shows. In his budget speech on Wednesday Hunt scrapped the lifetime allowance on pensions — the total that workers can pile into their retirement pot without incurring tax — and increased the tax-free annual limit on contributions by 50%, to 60,000 pounds.
The shift is designed to reverse a trend in the number of older workers dropping out of jobs since the pandemic, which has contributed to a shortage of staff and is fanning inflation. But the Office for Budget Responsibility, the independent fiscal watchdog, calculated (PDF) that Hunt’s pension reforms are likely to add just 15,000 more workers to the labor force by 2027/28. They will cost 1.1 billion pounds, meaning the reforms effectively offer a 75,000 pounds per person boost to those able to save enough in their pensions.
Read more of this story at Slashdot.
: Treasury, Fed and FDIC joint statement on SVB and Signature Bank: full text
Full text of U.S. financial regulators’ statement on Silicon Valley Bank and Signature Bank.
: A digital currency is likely to be needed, says U.K. Treasury and Bank of England
The U.K. government said Monday that a digital currency is likely needed, as countries around the world examine the changing nature of payments
Digital pound likely this decade, Treasury says
The Treasury and Bank of England will formally start a consultation for the digital currency, on Tuesday.