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Reuters

Treasury yields edge up on expectations of Biden stimulus plan
Markets

Treasury yields edge up on expectations of Biden stimulus plan

  • The market was primed for higher rates today for continued increase in yields today in anticipation of what Biden is going to say tonight, until we hit jobless claims.
  • Initial claims for state unemployment benefits increased 181,000 to a seasonally adjusted 965,000 for the week ended Jan. 9, the highest since late August.
Published 14 Jan, 2021 09:48pm
Oman back to debt markets with $3.25bn multi-tranche bond
Markets

Oman back to debt markets with $3.25bn multi-tranche bond

  • Oman, rated below investment grade by all major credit ratings agencies, has piled up debt at breakneck speed over the past few years to offset a decline in oil prices and cover widening deficits.
  • The 10-year paper was sold at 6.25% and the 30-year at 7.25%, while the 2025 bond tap offered a 4.45% rate.
Published 14 Jan, 2021 09:46pm
IGC cuts forecast for 2020/21 global grains production
Markets

IGC cuts forecast for 2020/21 global grains production

  • Global consumption of grains in 2020/21 was lowered by 5 million tonnes to 2.216 billion tonnes but remained above the prior season's 2.192 billion.
  • Global consumption of grains in 2020/21 was lowered by 5 million tonnes to 2.216 billion tonnes.
Published 14 Jan, 2021 09:36pm
Bank ABC acquires Blom Bank Egypt for $480mn
Business & Finance

Bank ABC acquires Blom Bank Egypt for $480mn

  • The transaction included all Blom Bank Egypt's physical and non-physical assets as well as customer accounts.
  • Lebanon has been in the throes of a financial crisis that has paralysed its banks, sunk the currency and fuelled poverty and unemployment.
Published 14 Jan, 2021 09:28pm