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States debt cost crosses 7.70pc, spread between G-sec jumps to 2-year high of 53 bpsStates debt cost crosses 7.70pc, spread between G-sec jumps to 2-year high of 53 bps
At the first weekly auction of the last quarter of 2023-24, the states saw their interest burden sharply rising to cross the 7.7 percentage mark on Tuesday, leading to the spread between the cut-off of 10-year state bonds and the G-sec yield crossing the 50 basis points mark for the first time in two years. […]
Gold stays near 1-month lows as US dollar, yields hold groundGold stays near 1-month lows as US dollar, yields hold ground
By Jigar Trivedi Comex gold is seen below the $1,920 an ounce mark, near one-month lows on Friday and tracking lower Treasury prices as markets remained skeptical over the Fed’s course of action following the latest economic releases. Fed officials signaled that there is still more work to do to bring inflation down, stoking fears […]