Anonymous ID: e357be June 16, 2021, 12:13 p.m. No.63658   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>3661 >>3690 >>3704 >>3709

>>63645

Treasury Yields Jump as Fed Officials Signal Speedier Hikes

 

The 10-year Treasury yield climbed after Federal Reserve policy makers surprised markets and signaled two quarter-point rate hikes by the end of 2023.

 

Ten-year yields rose five basis points to 1.54%, extending a rebound from a three-month low of 1.427% touched last week, as it touched the highest since June 8. The projections of when central-bank officials envision lifting their benchmark overnight rate from near zero also sent the dollar surging. Bond-market gauges of inflation expectations fell.

 

The Fedโ€™s quarterly projections showed 13 of 18 officials favored at least one rate increase by the end of 2023, versus seven in March. Eleven officials saw at least two hikes by the end of that year. In addition, seven of them saw a move as early as 2022, up from four.

https://www.bnnbloomberg.ca/treasury-yields-jump-as-fed-officials-signal-speedier-hikes-1.1617935

https://www.marketwatch.com/investing/bond/tmubmusd10y

 

We will HABS inflation dammit!!!

Anonymous ID: e357be June 16, 2021, 1:11 p.m. No.63682   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>3690 >>3704 >>3709

El Salvador to keep dollar as legal tender, seeks World Bank help with bitcoin

 

El Salvador will not replace the U.S. dollar with bitcoin as the legal tender, Finance Minister Alejandro Zelaya said on Wednesday, as the Central American nation sought technical assistance from the World Bank to implement bitcoin regulation. The Central American country this month became the first country to adopt bitcoin as legal tender, with President Nayib Bukele touting the cryptocurrencyโ€™s potential as a remittance currency for Salvadorans overseas.

 

El Salvador has been using the U.S. dollar as legal tender for the past two decades after abandoning its own currency. Finance Minister Zelaya said he clarified to the International Monetary Fund (IMF) last week that El Salvador would not abandon the U.S. dollar and replace it with the cryptocurrency.

 

"We gave our official position to the IMF. We have been emphatic, we are not replacing the U.S. dollar as legal tender in El Salvador," Zelaya told a news conference. El Salvador is in the middle of loan negotiations with the IMF for a $1 billion program to patch budget gaps through 2023.

 

Zelaya said El Salvador continues to negotiate with IMF and called the talks successful. El Salvador has also sought technical assistance from the World Bank on rules and implementation of bitcoin, Zelaya said.

https://www.foxbusiness.com/markets/el-salvador-dollar-legal-tender-world-bank-help-bitcoin