Category: Treasury
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US futures sink as rising Treasury yields rattle nerves
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Dow Jones futures fell more than 200 points as US stocks entered the red on Wednesday, after a rise in Treasury yields unnerved investors already considering whether the latest data will change the direction on interest rates. Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) futures fell 0.6%, after…
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Healthcare Company Semler Scientific Buys $40 Million Bitcoin, Adopts As Treasury Reserve Asset
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Semler Scientific Company (Nasdaq: SMLR), known for its healthcare solutions to combat chronic disease, has announced a major shift in its treasury strategy. The company’s Board of Directors approved Bitcoin as a primary Treasury reserve asset, along with a significant purchase of 581 Bitcoin for a total of $40 million,…
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Healthcare Company Semler Scientific Buys $40 Million Bitcoin, Adopts As Treasury Reserve Asset
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Semler Scientific Company (Nasdaq: SMLR), known for its healthcare solutions to combat chronic disease, has announced a major shift in its treasury strategy. The company’s Board of Directors approved Bitcoin as a primary Treasury reserve asset, along with a significant purchase of 581 Bitcoin for a total of $40 million,…
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U.S. Treasury auctions off $70 billion of five-year notes at a high yield of 4.553%
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High yield 4.553% WI level at option time 4.540% Tail: +1.3 basis points versus six averages. -0.1 pressure point Bid to cover: 2.3X versus a six-month average of 2.41X Traders: 19.52% vs. six-month average of 16.0% Direct: 15.44% vs. six-month average of 17.9% Indirect investments: 65.04% vs. six-month average of…
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Rachel Reeves Pledges ‘Most Pro-Growth Treasury in History’
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Labour’s shadow chancellor Rachel Reeves will commit to leading “the most pro-growth Treasury in our country’s history” if her party wins the election on July 4. In her first major economic speech of the campaign, Reeves will promise to “bring growth back to Britain” and ensure a pro-business, pro-Labour government…
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State invests housing levy billions in Treasury bonds absorption
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The government is investing Sh20 billion raised from the affordable housing levy in treasury bills and bonds, indicating a low absorption rate of funds allocated to build cheaper homes for low- and middle-income families. Bonds are medium to long-term government securities and purchasing them indicates that the government is collecting…
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El Salvador’s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition
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El Salvador made headlines once again as it announced its ownership of 5,750 Bitcoin (BTC), which is worth approximately $353 million based on current market prices. According to To Bloomberg. This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency…
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El Salvador Launches Website to Track $360M Bitcoin Treasury
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El Salvador made history in 2021 when it became the first country to adopt Bitcoin as legal tender under the leadership of President Nayib Bukele. This pioneering decision has enabled significant financial improvements throughout the small Central American nation. El Salvador yesterday Launched Its website tracks its holdings from the…
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El Salvador Launches Website to Track $360M Bitcoin Treasury
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El Salvador made history in 2021 when it became the first country to adopt Bitcoin as legal tender under the leadership of President Nayib Bukele. This pioneering decision has enabled significant financial improvements throughout the small Central American nation. El Salvador yesterday Launched Its website tracks its holdings from the…
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Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
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Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
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Treasury yields rise after US 10-year auction. Chart consolidates
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US 10-year returns Where do 10-year returns belong? In the past year, they have traded from 3.7% to 5.0% as the market faces questions about future inflation and interest rates. The midpoint of this range is 4.35%, which is just below 4.49% currently. Yields rose 2 basis points today after…
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US treasury to auction off $58 billion of 3-year notes at the top of the hour
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The US Treasury will sell US$58 billion of the three notes at the end of the hour. The results will be compared to six-month averages of the main components of the aggregate demand measure. Key components and their six-month averages and widths: Tail: 6-month average 0.1 basis point. Previous auction…
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Markets worry Treasury yields could jump back to levels that sparked chaos last October
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and Samhar/Getty Images The yield on 10-year Treasury bonds is hovering below the levels that caused a massive collapse last fall. However, persistent inflation and weak Treasury auctions could boost yields beyond the 5% level. Once this threshold is crossed, investors may experience a sharp correction in stocks. Treasuries may…
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Treasury slashes budget by Sh267bn on revenue shortfall
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The Treasury has cut the 2024/25 budget by Sh267.5 billion to reflect the reality of weak revenues amid ballooning public debt. Total spending and net lending for the financial year starting July 1 is now estimated at Sh3.92 trillion, down from the previous forecast of Sh4.188 trillion. The lower budget…