County Bond Financial News

Genpharmasec rights issue 2024: Shares of Genpharmasec Ltd (formerly known as Generic Pharmasec Ltd) will be in focus when the stock market opens on Tuesday (January 09). The Board of Directors of Genpharmasec Ltd has declared a Rights Issue of equity shares. The record date for the same has been fixed on January 09.

Also Read: Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot Investors are looking for the US non-farm payrolls data due Friday to gauge how many times the US Fed is likely to cut rates this year. “The rupee has appreciated this week despite gains in the US dollar index overseas. The foreign capital inflows and RBI intervention have been supporting the local currency for quite long and hence, USDINR has been trading in a range." said Ajay Kedia, Director, Kedia Commodities.

Justice League, Wonder Woman 1984 and the recent Rebel Moon. His filmmaking style is a blend of superhero sagas and sci-fi epics. "It’d be cool to see, like, 20-year-old James Bond," he told The Atlantic.

By Davide Barbuscia

It is believed that El Salvador will debut its much-awaited Bitcoin «Volcano Bonds» at the beginning of 2024. El Salvador is a pioneering country in the use of cryptocurrencies. This action comes after the government made a pioneering decision to accept Bitcoin as legal cash, and it is a key milestone in the country's continuing acceptance of digital currency.

Federal Reserve's hints of rate cuts in 2024 and a plunge in US bond yields have paved the way for Indian sovereign bond yields to ease, although a sustained drop in borrowing costs would hinge on how the Reserve Bank of India (RBI) manages liquidity amid its battle against inflation. Easing sovereign bond yields make it cheaper for companies to raise money through bonds, as corporate borrowing costs are benchmarked to the rate of interest that the government pays to raise funds through debt. Since the US Federal Open Market Committee's policy statement on December 13, yield on the 10-year benchmark Indian government bond has dropped by 10 basis points (bps) to close at 7.16% on Friday. The Fed left interest rates unchanged while a majority of its officials signalled lower interest rates in 2024.

By Jamie McGeever

Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500.

interest rate has been pushed further, as the Reserve Bank of India (RBI) did not cut the repo rate. This is the fifth consecutive RBI Monetary Policy Committee meeting to keep the repo rate unchanged. This pause in repo rate increase started after a significant hike of 2.5% within a short span of 10 months during May 2022 to February 2023. Home loan borrowers have been going through one of the most testing times as they have to pay almost 20% higher EMI than what they were paying just two years ago. When can home loan borrowers expect the interest rate to fall and how can they make the best of any future rate cut?

₹5 crore or more. Stock markets have seen a remarkable rally this week with investors gaining over ₹11 trillion in just four trading sessions in December. Over 37% of the MLAs elected in the just-concluded assembly elections in five states declared at least one criminal case against them, an analysis of data compiled by the Association for Democratic Reforms (ADR) showed.

The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months. 

Bank of India (RBI) to actively manage the value of the rupee against the dollar. India imports much of the oil that it consumes. During April to September, the country imported 87.5% of the oil that it consumed.

Bitfinex’s recently-launched tokenized bond have fallen short of expectations, raising only $1.5 million of its initial target of $10 million.

₹378 crore on the sharp decline in US treasury bond yields. This came after FPIs dumped Indian equities worth ₹24,548 crore in October and ₹14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 lakh crore during the period.

Hold on, financial advisors! Don’t flip that last calendar page just yet. There’s still work to be done.

bond index has imparted volatility to the domestic debt market, causing the 10-year benchmark yield to swing close to a tenth of a percentage point. Market sources told ET that at the conclusion of a recent meeting with the advisers to the Bloomberg index, some investors had raised concerns over lack of necessary systems in place to facilitate trade in Indian government bonds. Bloomberg Index Services has not yet made an official announcement. Late September, JP Morgan became the first major global index to include Indian government securities, paving the way for up to $24-25 billion of inflows over the next couple of years. «After the move by JP Morgan, there was increased activity surrounding the Bloomberg index too. Some large investors were in favour but there are many others who have cited lack of operational preparedness for trading Indian government bonds,» a source said on the condition of anonymity. Starting November 16 — which some market players said was the day of the last Bloomberg index committee meeting — yield on the 10-year benchmark government bond has swung sharply. Yield on the benchmark security, which determines pricing for a host of credit products, fell to a low of 7.20% on November 16 and then went on to jump as much as seven basis points to 7.27% on Wednesday.

Canada backed away from the idea of eliminating its $250-billion mortgage bond program, responding to pressure from investors who wanted the product kept alive.

Axis Banks' chief Economist Neelkanth Mishra, who is also the part-time chairman of UIDAI. Speaking at a lecture in Bengaluru, the part time member of the Economic Advisory Council said India is in a better position to handle global headwinds than its Asian rival China. Mishra credited this growth to an increase in export of modern services, higher investment in infrastructure and better penetration of basic amenities through the country.

By Mimosa Spencer

The Philippines Bureau of the Treasury has announced its plan to issue tokenized Treasury bonds for the first time on Monday after canceling a traditional auction initially scheduled for the same day.

Stocks rallied following the CPI report, as falling energy prices offset the rise in the net benefit of health insurance and other medical impacts. Energy and gasoline prices fell sharply, and so did owners’ equivalent rent.