Lan’s husband Eric Chu was on Thursday sentenced to nine years’ imprisonment for violating banking regulations, according to state media, with scores more defendants still awaiting their sentences. Communist-run Vietnam is one of the last Asian countries to carry out death penalties. But Lan has the right to appeal against the sentence. It comes as … Read more
Treasury yields jumped on Friday after closely watched nonfarm payrolls data for March surged past expectations. The rate on the 10-year Treasury jumped more than 9 basis points to 4.4%. The benchmark note on Wednesday briefly touched a new 2024 high of 4.429%. The 2-year Treasury yield was also higher by 10.9 basis points at … Read more
The 10-year Treasury yield ticked lower after briefly reaching a new high for the year on Wednesday. The benchmark rate slipped nearly 2 basis points to 4.349%. At one point, the yield traded at its highest level back to late November. The 2-year Treasury note yield lost almost 3 basis points, last sitting at 4.674%. … Read more
The 10-year Treasury note yield jumped Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. The benchmark rate was up 3 basis points at 4.359%. It previously reached its highest level since Nov. 28, briefly breaking above 4.4%. The 2-year Treasury note yield … Read more
“We’re very positive about India,” said Stephen Bird, chief executive officer of the firm that manages and administers £495 billion ($626 billion) in assets. Still, he sees the market facing some uncertainty ahead of the national elections starting next month. India’s debt market is projected to attract up to $40 billion of new money with … Read more
An undated editorial illustration of the Indian rupee and the Indian flag. Anand Purohit | Moment | Getty Images The decision to include Indian government bonds in two prominent global indexes recently is being viewed as a shot in the arm for the rapidly growing country and is expected to bring in billions of inflows. … Read more
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 25, 2023. Jeenah Moon | Reuters A judge ordered Donald Trump’s company Thursday to inform a court-appointed financial watchdog about any future efforts to obtain an appeal bond. … Read more
An editorial montage of the Japan flag and Japanese yen cash bank notes Javier Ghersi | Moment | Getty Images Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s only negative rates regime and other unconventional policy easing measures enacted over the course of the last few … Read more
Former U.S. President Donald Trump speaks to the media as he arrives at a Manhattan courthouse trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4, 2023. Mike Segar | Reuters If Donald Trump were … Read more
Frontier markets have embarked on aggressive policy shifts, and investors in local-currency bonds are starting to reap the benefits. Central banks across key frontier economies including Kenya, Nigeria and Egypt have hiked policy rates significantly in recent months, while also implementing steps to liberalise markets – such as Nigeria’s move to allow free trading in … Read more
