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Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Top News
SGB: Fixed Price is INR 3119 Per Gram
New Delhi: The Indian Government has fixed Rs 3,119 per gram as the issue price for the 4th tranche of Sovereign Gold Bonds (SGB) scheme which is opened for subscription now. The government has reduced the minimum subscription denomination to 1 gm in the 4th tranche, which would be open for investment by individuals and institutional investors from July 18-22.
GJF to Hold Seminars on Excise Implementation
Mumbai: All India Gems and Jewellery Trade Federation (GJF) has said that it will conduct seminars in 60 cities across the country to create awareness among jewellers on norms of excise duty implementation and other trade related practices. “There is lot of confusion among jewellers about the excise duty norms, administrative matters and maintenance of records. We will organize seminars
Banks to Disclose Names of 7000 Willful Defaulters
Ahmedabad: The All India Bank Employees Association (AIBEA) is all set to make public the names of 7,000 willful defaulters, many of who are from Gujarat. The association has said they will disclose the data next week. “There are around 7,000 willful defaulters, and their bank dues add up to a staggering Rs70,000 crore. Their names will be announced on
ALROSA Recovers 214-Carat Diamond
Moscow: ALROSA recovered a 214.65-carat diamond from Nyurbinskoye placer deposit, the second such special stone found in the area in as many months. The company said the diamond measures 42.11mm x 34.26mm x 16.07mm and is translucent with a grey hue. It has cracks that are filled with graphite and sulphide composition and is classified by the company as 4
SGB: Fixed Price is INR 3119 Per Gram
New Delhi: The Indian Government has fixed Rs 3,119 per gram as the issue price for the 4th tranche of Sovereign Gold Bonds (SGB) scheme which is opened for subscription now. The government has reduced the minimum subscription denomination to 1 gm in the 4th tranche, which would be open for investment by individuals and institutional investors from July 18-22.
GJF to Hold Seminars on Excise Implementation
Mumbai: All India Gems and Jewellery Trade Federation (GJF) has said that it will conduct seminars in 60 cities across the country to create awareness among jewellers on norms of excise duty implementation and other trade related practices. “There is lot of confusion among jewellers about the excise duty norms, administrative matters and maintenance of records. We will organize seminars
Banks to Disclose Names of 7000 Willful Defaulters
Ahmedabad: The All India Bank Employees Association (AIBEA) is all set to make public the names of 7,000 willful defaulters, many of who are from Gujarat. The association has said they will disclose the data next week. “There are around 7,000 willful defaulters, and their bank dues add up to a staggering Rs70,000 crore. Their names will be announced on
ALROSA Recovers 214-Carat Diamond
Moscow: ALROSA recovered a 214.65-carat diamond from Nyurbinskoye placer deposit, the second such special stone found in the area in as many months. The company said the diamond measures 42.11mm x 34.26mm x 16.07mm and is translucent with a grey hue. It has cracks that are filled with graphite and sulphide composition and is classified by the company as 4
