An exemption on the "supplemental leverage ratio" was put in place at the start of the coronavirus pandemic to encourage big banks to lend and support bond and short-term funding markets
The benchmark yield surged to 1.676%, the highest level since February 2020
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
Gold prices edged up to hover near their highest in over two weeks on prospects of higher inflation, although trade was range-bound as investors exercised caution ahead of the US Federal Reserve meet
(Reuters) - The S&P 500 ended lower on Tuesday, weighed down by energy and industrial stocks as investors awaited the result of the Federal Reserve's two-day policy meeting.
Apple biggest boost to S&P 500, Nasdaq; retail sales drop more than expected in Feb
Manufacturing production dropped 3.1% last month, also weighed down by a global semiconductor shortage, the Federal Reserve said on Tuesday
E-mini futures for the S&P 500 hit a record high before trading flat on the day
Updates on COVID-19 situation and related news will also remain on participants' radars, says an analyst
One explanation for the disconnect is that dealers are taking steps to trim holdings before the expiry of a key regulatory exemption on March 31
Economic management in India will remain tricky
WASHINGTON (Reuters) - The Biden administration and congressional Democrats are on the cusp of pumping another nearly $2 trillion into a U.S. economy just starting to show signs of life in the recovery from the COVID-19 pandemic.
Benchmarke US Treasury yields rose toward last week's highs as Powell spoke, and the dollar hit a three-month high
(Reuters) - The S&P 500 firmed on Thursday after two days of losses while sentiment was fragile ahead of remarks from Federal Reserve Chair Jerome Powell on rising bond yields.
February's bond selloff sent U.S. 10- and 30-year Treasury yields more than 30 basis points higher while governments from France to Australia saw their borrowing costs jump
President Joe Biden's pick to head the Office of Management and Budget, Neera Tanden, has withdrawn her nomination after she faced opposition from senators for her controversial tweets
"We are just being honest about the challenge," Powell told lawmakers when asked about Fed projections that inflation will remain at or below the central bank's 2% target through 2023
WASHINGTON (Reuters) - Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
NEW YORK (Reuters) - A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher.
"We are just being honest about the challenge," Powell told the House of Representatives Financial Services Committee