Category: Treasury

  • Treasury prepares 2025 emergency budget cuts plan

    Israel’s Finance Ministry is quietly preparing a contingency budget plan for 2025 in case the government avoids passing the 2025 budget for political reasons, sources familiar with the situation told Globes. According to the original timetable, the government was scheduled to approve the budget proposal this week, but there is…

  • Inside Mbadi’s in-tray as he takes over at National Treasury

    As new Treasury Secretary John Mbadi took office hours after being sworn in at State House in Nairobi, focus has shifted to a series of promises he made during his vetting process. Among the pledges Mr Mbadi made when he confirmed his approval of the loan last Saturday were promises…

  • Steve Mnuchin calls for a culling of the 20-year Treasury bond he reintroduced

    It only takes a quick glance at the US bond curve to realize that something is wrong. One US Treasury bond – the 20-year note – is out of step with the rest of the market. It is hovering at yields much higher than those of the bonds around it…

  • Mnuchin says it’s time to kill the 20-year Treasury bond

    We haven’t heard much about Steve Mnuchin since the Trump administration ended, but the former Treasury Secretary and Hollywood financier is in the news today. He says the US should ditch the 20-year bonds he introduced. A look at today’s yield curve shows why: 10 years 3.95% 20 years 4.33%…

  • Global stocks rebound from sell-off; Treasury yields, dollar higher By Reuters

    By Sinead Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Stocks around the world rebounded on Tuesday from a sharp sell-off the previous day, while Treasury yields rose and the dollar firmed slightly as investors returned to riskier assets and central banks responded to recession fears. Oil prices rose on…

  • $25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident

    $25 million was drained from the Compound Finance (COMP) treasury in a recent governance attack, raising concerns about the state of decentralized governance in Decentralized Finance (DeFi) Ecosystem. DAO complex hijacked According to DeFi researcher Ignas said the attack began with an initial proposal to give away 92,000 COMP tokens,…

  • Treasury on the spot over Sh2.6bn tax gift to e-bike firm

    Former Treasury Secretary Njuguna Ndung’u has been put in an awkward position over the allocation of more than Sh2.5 billion of public funds to pay taxes to a private electric vehicle company, sparking opposition from rival companies. The Treasury has offered to settle customs duties on 10,000 electric motorcycles and…

  • UK’s new Treasury chief says previous government ‘covered up’ financial turmoil ahead of election

    Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Danica Kirka Published on July 29, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LONDON (AP) — Britain’s new Chancellor of the…

  • Njuguna Ndung’u takes a breather after tough run at Treasury

    For Njuguna Ndung’u, his dismissal along with 21 other cabinet ministers two weeks ago marked the end of one of his most difficult tenures as national treasurer. Professor Ndung’u, a quiet economist, took over as Treasury Minister when the country was facing one of its worst dollar shortages, and as…

  • Treasury urges Chancellor to target pension savings of 6m middle-class workers

    Rachel Reeves, Consultant Rachel Reeves will push to tap into the retirement savings of up to 6 million middle-class workers in plans Treasury officials presented ahead of her first budget. The Chancellor is expected to consider a proposal to cut pension tax to a flat rate of 30% – meaning…

  • $4.5M In Bitcoin Added To English Football Club’s Treasury

    English football club Real Bedford announced over the weekend that it has bought $4.5 million worth of Bitcoin to add to its coffers. The move is part of the non-professional club’s long-term strategy to gain promotion to the Premier League. The club’s dream has previously been backed by founders Gemini…

  • $4.5M In Bitcoin Added To English Football Club’s Treasury

    English football club Real Bedford announced over the weekend that it has bought $4.5 million worth of Bitcoin to add to its coffers. The move is part of the non-professional club’s long-term strategy to gain promotion to the Premier League. The club’s dream has previously been backed by founders Gemini…

  • National Treasury Reserve Push Sparks $1 Million Projections

    There has been a lot of talk about Bitcoin (BTC) lately. One well-known cryptocurrency expert, Andrew Kang, even said that Bitcoin could become a national asset. Cryptocurrency This interesting idea is causing a stir in the community, with people talking about how it will impact the entire world and setting…

  • National Treasury Reserve Push Sparks $1 Million Projections

    There has been a lot of talk about Bitcoin (BTC) lately. One well-known cryptocurrency expert, Andrew Kang, even said that Bitcoin could become a national asset. Cryptocurrency This interesting idea is causing a stir in the community, with people talking about how it will impact the entire world and setting…

  • Treasury can expect tax bonanza from Wiz sale

    How much of the $23 billion reported by Alphabet (Google’s parent company) to buy Israeli cloud security startup Wiz will the Israeli tax authority take? The low estimate is $2.5 billion, while the high estimate is $3.5 billion. The Israeli tax liability arising from the acquisition lies with Waze’s Israeli…

  • US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%

    High return 4.466% (last month was slightly lower at 4.452%) WI level at auction time 4.467% Tail -0.1 bp vs 6-month average -0.6 bp Coverage offered at 2.68X vs. 6-month average of 2.63X Traders 8.47% vs. 6-month average 12.1% Directed 14.32% vs. 6-month average of 18.2% Indirect 77.2% vs. 6-month…

  • Treasury to spend Sh69bn on July external debt repayments

    Kenya plans to spend about $533 million (Sh69 billion) on external debt servicing this month, putting fresh pressure on foreign exchange reserves recently replenished with proceeds from a World Bank loan. Public debt data compiled by the Bretton Woods Institution shows that semi-annual payments to China for loans contracted since…

  • Treasury: Every 1,000 haredi soldiers saves NIS 1.3b annually

    During discussions of the Knesset Foreign Affairs and Defense Committee, the Finance Ministry presented its estimates of the increased defense costs in the wake of the war and the potential benefits of recruiting Haredi soldiers. Among other things, the Finance Ministry says that extending compulsory military service and reserve service…

  • U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 4.399%

    High return: %, average of six auctions 4.390% Tail: -0.8bp, average of six auctions -0.1bp Bid to Cover Ratio: 2.67x, Average of Six Auctions 2.57x Merchants: 14.8%, average of six auctions 17.0% Direct: 21.3%, average of six auctions 17.8% Indirect: 64.0%, average of six auctions 65.2% Auction grade: A- This…

  • Are U.S. Treasury markets anticipating Trump 2.0? Yardeni Research weighs in By Investing.com

    Investing.com – The move higher in U.S. Treasury yields following last week’s debate between President Joe Biden and Republican challenger Donald Trump could be a sign that the bond market is pricing in a Trump victory in November’s presidential election, according to analysts at Yardeni Research. On Monday, the benchmark…