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US Treasury

Venezuelan banks issuing debit cards for dollar-denominated accounts

CARACAS: A group of Venezuelan banks have started issuing debit cards to clients who have accounts in hard currency,...

Published 28 Jan, 2021 04:40am

World

Yellen notes ‘importance’ of US-UK relationship

WASHINGTON: Newly-installed US Treasury Secretary Janet Yellen on Wednesday spoke with her British counterpart Rishi...

Published 28 Jan, 2021 04:40am

Markets

Inflation expectations ease as yields slip

Treasury yields traded lower after a strong auction on Thursday of $15 billion in 10-year TIPS as investors sought protection on expectations of rising inflation.
A closely watched part of the yield curve measuring the gap between yields on two- and 10-year Treasury notes was last down 1.32 basis points at 96.93 basis points.

Published 22 Jan, 2021 09:29pm

Business & Finance

Early trade in New York: Dollar slides against most currencies

NEW YORK: The dollar dropped for a second straight session on Tuesday, with broader risk appetite turning more...

Published 20 Jan, 2021 04:29am

Business & Finance

Dollar drops in Europe

LONDON: The dollar dropped on Tuesday as investors prepared for US Treasury Secretary nominee Janet Yellen to talk ...

Published 20 Jan, 2021 04:29am

World

Yellen knows 'going small' on economic relief would be big mistake

The good news is that Chair Yellen knows that going small with economic relief would be a big mistake," Ron Wyden.
Wyden said nobody deserved more credit than Yellen for the longest economic expansion in US history.

Updated 19 Jan, 2021 11:14pm

Business & Finance

Dollar reaches one-month high in Europe

LONDON: The US dollar strengthened for a third consecutive day on Monday, reaching a four-week high, as risk ...

Published 19 Jan, 2021 04:22am

Markets

Longer-term yields rise after weak US jobs report

Nonfarm payrolls decreased by 140,000 jobs last month amid growing COVID-19 cases, marking the first decline since April.
Longer-term yields have been climbing all week as Democrats won control of the US Senate as a result of Georgia runoff elections.

Published 08 Jan, 2021 08:57pm

Business & Finance

Longer-term yields rise as prospect for more stimulus looms

The two-year US Treasury yield, which typically moves in step with interest rate expectations, was last unchanged at 0.1448%.

Published 07 Jan, 2021 09:36pm

Markets

NYSE to delist three Chinese telecom firms, reversing course again

The latest move marks the third about-turn, amid confusion over rules set by the Trump administration and escalating tensions within Washington on China policy.
Plans to delist the three Chinese firms were prompted by a White House executive order banning US investment in Chinese military-linked companies.

Published 06 Jan, 2021 08:39pm

World

US treasury chief inks Sudan deal after blacklisting lifted

The signing came after the United States on December 14 formally removed Sudan from its crippling blacklist.

Published 06 Jan, 2021 07:56pm

World

Americans to start receiving relief checks next week: Mnuchin

Mnuchin said people are going to see this money by the beginning of the next week.

Published 21 Dec, 2020 08:10pm

Markets

Taiwan central bank says US move to monitor its currency reflects trade surplus

The Taiwan dollar has strengthened more than 6% against the US dollar this year.

Published 17 Dec, 2020 09:52am

Markets

Instant View: US labels Switzerland, Vietnam currency manipulators

"The currency manipulator label was a step by the current US administration to appear tough on trade-related matter, although it would likely have few practical effects.
"A stronger global economy, however, would naturally reduce demand for a safe haven like the Swiss franc and soften its upward pressure - reducing the need for FX-interventions."

Published 17 Dec, 2020 01:19am

Business & Finance

Asian countries, Switzerland at risk in US Treasury's currency report

Win Thin, global head of currency strategy at BBH in New York downplayed the report as "totally politicized" under Trump.

Published 16 Dec, 2020 11:55am

Markets

Treasury's Fed funding clawback will not 'hamstring' new administration

The Fed facilities will not be dissolved, and can be quickly recapitalized to a lending capacity of $750 billion to $800 billion with funds.
Mnuchin told Fed Chair Jerome Powell in a letter on Thursday that the $455 billion allocated to Treasury

Published 21 Nov, 2020 12:12am

Business & Finance

Yield curve edges steeper before 10-year auction

Benchmark 10-year note yields were unchanged on the day at 0.684%.

Published 09 Sep, 2020 08:51pm

Markets

Traders ready for note auctions, US Fed guidance

The benchmark 10-year yield was down less than a basis point at 0.6347% in morning trading.

Published 24 Aug, 2020 08:43pm

World

G7 ministers to consider extending debt freeze for low-income countries: Treasury

The ministers repeated their call for all official bilateral creditors to fully implement the G20 debt freeze for the poorest countries.
The Group of 20 countries to extend their Debt Service Suspension Initiative (DSSI) given the economic impact of the pandemic.

Published 17 Aug, 2020 11:09pm

Markets

Weak demand for record-size 30-year US debt auction

Investors had modest appetite for the offering, which was $4 billion larger than the last auction of new 30-year bonds in May.
Yields on the 30-year bond had risen to their highest level in a month in anticipation of the additional supply.

Published 13 Aug, 2020 11:10pm

Business & Finance

Mnuchin sees possible virus aid deal, but no talks set with Congress

Eviction protections and enhanced unemployment assistance both expired at the end of July, slashing aid for more than 30 million people.
They have to meet us in the middle. They can't just come to the table and say it's our way or no way; we'll never get a deal.

Published 10 Aug, 2020 11:46pm

Markets

US Treasury makes $10bn loan available to postal service as part of coronavirus relief

The head of the service said the borrowing would push off an "approaching liquidity crisis," but not solve its financial problems.
President Donald Trump nominated Dejoy to bring the service's finances in line and he is pushing to cut costs even if it means delaying deliveries.

Published 29 Jul, 2020 11:18pm

World

Treasury's Mnuchin open to blanket forgiveness for smaller business relief loans

Mnuchin told lawmakers that they should consider such an approach to reduce complexity, coupled with some form of fraud protection. *"This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines," he said.

Published 17 Jul, 2020 08:54pm

Markets

Yields climb as manufacturing data, FOMC minutes loom

The benchmark 10-year yield, which rose slightly after the release of ADP jobs data, was last up 3.1 basis points at 0.684%.

Published 01 Jul, 2020 08:09pm

Markets

Yields fall as concerns over coronavirus spread dent risk appetite

The curve between 10-year notes and 30-year bonds was at 74 basis points after reaching 83 basis points on June 5, the steepest since March.

Published 15 Jun, 2020 08:37pm

Markets

Yields fall before Fed meeting statement

The US economy entered recession in February as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining US business cycles said on Monday.

Published 10 Jun, 2020 08:37pm

Markets

Yields dip as market takes a breather from run up

Yields spiked on Friday in the wake of a better-than-expected May unemployment report with the 10-year note yield rising above 0.9pc for the first time since March 20.

Published 08 Jun, 2020 09:10pm

Markets

Yields surge on improved unemployment figures

The Labor Department's monthly employment report showed the jobless rate dropped to 13.3pc last month from 14.7pc in April.
The figures reflected an improvement in the jobs market as businesses reopened after closing due to the ongoing COVID-19 pan

Published 05 Jun, 2020 07:19pm

Markets

Yields higher after payroll losses less than expected

The benchmark 10-year yield was up 4.4 basis points in morning trading at 0.7245pc.
The data propelled some movement into riskier assets, driving up longer-term Treasury yields.

Published 03 Jun, 2020 08:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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