Friday, December 20

Tag: bonds

BOE Money Printing to Cost UK as Much as HS2, Ex-Official Says
20Dec By adminNo Comments
Money

BOE Money Printing to Cost UK as Much as HS2, Ex-Official Says

The Bank of England’s quantitative easing program is on track to cost the UK taxpayer as much as the entire HS2 high-speed rail link that the government has scaled back on value-for-money grounds, according to a former BOE rate setter.Michael Saunders, who was on the Monetary Policy Committee between 2016 and 2022, said the £126 billion ($161 billion) “lifetime cost” to the taxpayer of central bank money printing, calculated using the government’s own official forecasts, is “similar to the full HS2 scheme adjusted to 2023 prices.” In October, Prime Minister Rishi Sunak scrapped the rail link’s northern leg as costs spiralled.
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Are I-bonds a good investment now? Here’s what to know.
7Nov By adminNo Comments
Money

Are I-bonds a good investment now? Here’s what to know.

Soaring interest rates in the U.S. have boosted the cost of everything from mortgages to credit cards, socking households still hurting from the high inflation. The silver lining? It's also significantly boosted interest rates on savings accounts and CDs.Another investment savers may want to consider that has benefited from the upward drift in rates is Series I savings bonds, known as "I-bonds." The U.S. Department of Treasury raised the rate on I-bonds last week to 5.27%, up from 4.35% in January. For more on where savers can get a bigger bang for their buck, See Managing Your Money:I-bonds today have "a great interest rate," WalletHub CEO Odysseas Papadimitriou, the CEO of WalletHub, told CBS MoneyWatch, while noting that buyers should be comfortable holding them for at least five years...
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Where Is the Stock Market Headed? Big Money Pros Weigh In.
27Oct By adminNo Comments
Money

Where Is the Stock Market Headed? Big Money Pros Weigh In.

This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook is uncertain, the U.S. government has been in turmoil, and wars and conflict are spreading across the globe.This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook is uncertain, the U.S. government has been in tur...
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SBI successfully raises Rs 10,000 crores via infrastructure bonds
22Sep By adminNo Comments
Business

SBI successfully raises Rs 10,000 crores via infrastructure bonds

MUMBAI: The State Bank of India (SBI), the country's largest lender, achieved a milestone by raising Rs 10,000 crores through its fourth infrastructure bond issuance, garnering an enthusiastic response from investors.The bonds were issued at a coupon rate of 7.49 per cent, further establishing SBI's strong position in the market, the SBI said in a release.The offering attracted a substantial response from investors, with total bids amounting to Rs 21,045.10 crores, significantly oversubscribing the base issue size of Rs 4,000 crores.The response showcased the diversity of investors, including provident funds, pension funds, insurance companies, mutual funds, and corporates, among others.The funds raised through this issuance will be directed towards bolstering long-term resources for fund...
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