Interest Rates
BlackRock Turns Cautious on US Stocks as AI Uncertainty Drives Shift Towards Short-Term Treasuries
BlackRock has reduced its bullish stance on US stocks and increased its preference for short-term US government bonds, citing uncertainty surrounding artificial intelligence...
Pound Sterling Holds Near 16-Month High Against Euro as UK Budget and Interest Rates Loom
The British pound remained close to a 16-month high against the euro on Tuesday as investors weighed expectations of higher interest rates against...
IMF Raises UK Growth Forecast to 1.3% but Warns of Rising Inflation and Borrowing Costs
The revised projection, announced on Tuesday, October 13, is an improvement on the fund’s previous forecast of 1 per cent in July. Stronger-than-expected...
Former Barclays Traders Have Libor and Euribor Convictions Quashed
The convictions of five former Barclays traders jailed for manipulating benchmark interest rates have been overturned by the UK Court of Appeal, further...
Banks Cut CBN Deposits by N942 Billion in One Day
Nigerian banks sharply reduced the amount of money they kept with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF),...
Euro Zone Ministers Urge France to Pass 2027 Budget as Borrowing Costs Surge
Euro zone finance ministers and European Central Bank officials are expected to urge France to approve its 2027 budget as rising borrowing costs...
Dollar Holds Gains as Markets Await Fed Minutes, Policymaker Speeches
The US dollar held firm on Wednesday as investors awaited minutes from the Federal Reserve’s September meeting and comments from several policymakers for...
UK 30-Year Gilt Yield Hits 28-Year High as Global Bond Sell-Off Deepens
Britain’s 30-year government bond yield climbed to a 28-year high on Wednesday as a renewed global sell-off in government debt pushed borrowing costs...
