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US Treasury Department

US Treasury official meets Dar

US Treasury official meets Dar

ISLAMABAD: Robert Kaproth, Deputy Assistant Secretary of the US Department of the Treasury for Asia called on...
Updated 26 Jan, 2023 09:13am
Italy welcomes US proposal for minimum global corporate tax of at least 15pc
Markets

Italy welcomes US proposal for minimum global corporate tax of at least 15pc

  • Washington on Thursday offered to accept a rate of at least 15% during international negotiations, significantly below its proposed 21% minimum for US multinational firms.
  • "The possibility of reaching a global and consensus-based solution is now concrete," Italian Economy Minister Daniele Franco said in a statement.
Updated 21 May, 2021 06:57pm
US Treasury keeps auction sizes steady, bill decline to slow
Markets

US Treasury keeps auction sizes steady, bill decline to slow

  • The Treasury also said it expects Congress to raise or suspend the US debt limit in a timely manner, and that it may take certain extraordinary measures if Congress does not.
  • The government expects its cash balance to be around $450 billion at the expiration of the debt limit suspension on July 31.
Updated 05 May, 2021 06:15pm
Yields rise before seven-year auction, Fed meeting statement
Markets

Yields rise before seven-year auction, Fed meeting statement

  • Demand at a $60 billion sale of two-year notes and a $61 billion sale of five-year notes on Monday was relatively solid, pricing with yields just a fraction higher than where they had traded before the auctions.
  • The seven-year is in focus, however, after the maturity drew only weak demand at auctions in February and March.
Published 27 Apr, 2021 07:58pm
US yields soften after vaulting to one-year highs; sentiment wary
Markets

US yields soften after vaulting to one-year highs; sentiment wary

  • The benchmark 10-year US Treasury note's yield was down 5.2 basis points at 1.4633%. On Thursday it touched 1.614%, the highest in a year, rocking world markets.
  • Part of Friday's decline could also reflect dealers convincing clients to buy bonds after poor demand for a 7-year note auction on Thursday.
Published 26 Feb, 2021 08:44pm
Yields ease on expectations for lower debt supply
Markets

Yields ease on expectations for lower debt supply

  • The 10-year Treasury Inflation-Protected Securities' breakeven inflation rate, which briefly slipped below 2% last week, was last at 2.024%, indicating the market expects inflation to average more than 2% a year for the next decade, above the current pace of inflation.
Published 02 Feb, 2021 11:30am
US Treasury borrowing levels not expected to change for first quarter
Markets

US Treasury borrowing levels not expected to change for first quarter

  • While the Treasury has been boosting the amounts of its debt sales across the maturity curve to pay for previously enacted spending measures to aid the coronavirus-battered economy.
  • Net cash raised through Treasury securities issuance totaled $4.28 trillion in 2020, according to Securities Industry and Financial Markets Association (SIFMA) data.
Published 29 Jan, 2021 05:05pm