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Overnight interbank rate, the interest rate that banks charge each other for overnight lending, increased to 14 percent on Friday from 0.5 percent the previous day, foreign exchange (FX), bond auction, and Cash Reserve Ratio (CRR) debit, which affected the level of liquidity in the financial market. The Open Repo (OPR) rate, a short-term agreement []

According To The ''Big Mac Index'', China''s Yuan Is 34% Under-Valued The Big Mac was created in 1967 by Jim Delligati, a McDonalds franchise owner in Pennsylvania. It was launched throughout the U.S. the following year, and today you can buy one in more than 70 countries. However, as Visual Capitalist''s Jenna Ross details below , the price you pay will vary based on where you are, as evidenced by the Big Mac Index. Spanning from 2004-2022, this animation from James Eagle shows the U.S. dollar price of a Big Mac in select countries around the world. What Does the Big Mac Index Show? The Big Mac Index was invented by The Economist in 1986. It is intended to be a lighthearted way to demonstrate the concept of purchasing power parity. In other words, it helps illustrate the idea that market exchange rates between countries may be out of whack when compared to the cost of buying the same basket of goods and services in those places. Given that McDonalds is one of the biggest companies in the world and the Big Mac is widely available globally, it means that the famous burger can be used as a basic goods comparison between most countries.

Markets go up and down; the amount they move is their volatility. In normal times, traders like a dose of volatility, and betting on its levels has become a market of its own. When times arent normal, like early in the Covid-19 pandemic, the worry was that extreme financial turbulence was feeding on itself -- prompting the U.S. Federal Reserve to step in. Now with the central bank set to reverse course amid surging inflation, the effects can be seen playing out again across stocks, bonds and co

The prospect of rapid U.S. monetary re-tightening to cool the hottest inflation in 40 years has unnerved both equities and bonds so far this year - but history suggests it''s unlikely that both end 2022 in the red.

As default risks surrounding troubled issuers like China Evergrande Group rocked the nations bond markets last year and left global investors nursing losses, a handful of little-known hedge funds swooped in.Shenzhen Qianhai Guoen Capital Management, Fuhui Juli Wealth Management and Shenzhen Qianhai Jiuying Asset Management, which between them manage more than 20 billion yuan (US$3.2 billion), pocketed gains of 319 per cent, 104 per cent and 96 per cent, respectively, under their high-yield

TOKYO: A key Japanese parliamentary committee on Monday approved the government''s record $940 billion initial spending plan for the next fiscal year, setting the stage for the budget''s full passage through the legislature in March. Prime Minister Fumio Kishida is counting on the budget to pull the world''s third-largest economy out of the COVID-19-induced doldrums with the economy set to slow to a crawl this quarter. The budget for the new fiscal year beginning in April, worth 107.6 trillion yen ($936.14 billion), is Japan''s biggest initial spending plan. The expansive fiscal package will also add to strains for the industrial world''s heaviest debt burden, which is more than twice the size of Japan''s $5 trillion economy. The budget was approved on Monday by ruling party lawmakers at the lower house budget committee. Nikkei pares big early loss as Japan shares swing on Ukraine twists It would be put to a vote on Tuesday in the plenary, as agree by ruling and opposition blocs. Given the ruling bloc''s majority in the both chambers of parliament, the budget bill would be enacted 30 days after it is sent to the upper house.

European companies hoping to fund M&A and capital expenditures on bond markets this year are facing a sudden jump in borrowing costs and wary buyers after the ECB''s shock pivot towards tighter monetary policy.

Via BNZ: In an important development for the local market, we believe that New Zealand government bonds have qualified for the FTSE-Russell World Government Bond Index (WGBI), the primary government bond benchmark used by global investors. We will need to wait until late March for formal c

Hedge Fund CIO: This Is The Kind Of Market That Grinds, Churns Until One Day The Bottom Just Falls Out By Eric Peters, CIO of One River Asset Management Hope all goes well Miamis yachts are way bigger than a few years ago, bellowed Biggie Too in baritone. And its getting crowded on the water, he said. All my boys say this isnt 2008, we still got time. Like in 2007. But things are feeling weird to Biggie, said Too, sliding comfortably into 3rd person, like a warm bubble bath. We been here, seen this, like right before the pandemic, like when we all were saying this is just another SARS, MERS like a few hundred get sick in some crowded Hong Kong block, the media gets hysterical, then its over, barked Biggie Too, global chief strategist for one of Wall Streets too-big-to-fail affairs. But now its Putin on the border, and Biggies starting to feel like were all complacent. Like we think itll play out just fine, like it has for decades, whispered Too. And this rotation in equities feels like a real bear market. And the Fed hasnt even hiked or sold a single bond yet. Biggie smells the kind of market that grinds, churns, until one day the bottom just falls out. Overall: We are facing a blatant attempt to rewrite the rules of our international system, said Von der Leyen. China and Russia seek a New Era as they say, to replace the existing international order, continued the EU Commission Chief. They prefer the rule of the strongest to the rule of law, intimidation instead of self-determination, coercion instead of cooperation. The existing international order is a historical anomaly.

What''s Spooking Credit Markets By Vishwanath Tirupattur, head of Quantitative Research at Morgan Stanley It has been a rough start to the year for markets. The central banks hawkish shift towards removing policy accommodation, the significant bear flattening of yield curves that followed, rising geopolitical tensions, fading prospects for fiscal support, and growing concerns about stretched valuations have all combined to spawn jitters in financial markets. Corporate credit has been no exception. After two years of abundant inflows, the narrative has turned to outflows from credit funds. In conjunction with negative total returns, these outflows conjure up painful memories of 2018 , the last time credit markets had to deal with substantial policy tightening. Let us focus on the source of negative total returns in credit sharply higher interest rates and duration versus concerns about credit quality and defaults. Consider leveraged loans, floating-rate instruments that have credit ratings comparable to HY bonds, which are fixed-rate instruments.

To determine the value of a bond todayfor a fixed principal (par value) to be repaid in the futurewe can use an Excel spreadsheet.

MOSCOW: Belarus said Sunday that joint exercises involving Russia and Belarus forces were being extended due to tension over Ukraine, despite promises from Moscow that the drills would end this weekend. "The presidents of Belarus and Russia decided to continue inspections of the readiness of Union State forces," the Belarusian defence minister Victor Khrenin said in a statement. He said the decision was taken due to increased military activity along the Belarusian and Russian borders and because of an "escalation" in east Ukraine. The drills in Belarus -- which had been due to conclude Sunday -- have exacerbated tension between Moscow and Western capitals over a feared Russian attack on Ukraine. Washington had previously said that the Kremlin had dispatched an estimated 30,000 troops to the exercises across ex-Soviet Belarus, including on Ukraine''s northern border. US reaffirms Russia could attack Ukraine ''at any time'' The Belarus defence ministry said upcoming stages of the large-scale drills would continue the aim of ensuring a sufficient military response to any external threats.

Bloomberg reported that top China real estate developer, Yango Group, missed a 30-day grace period payment on a total of $27.3 million in interest due on Jan. 15. According to Bloomberg-compiled pricing, the companys new bond, due in September, is down 2.1 cents on the dollar at 14.3 cents. The missed payment came after two []

With inflation soaring, these fast-paced companies can be your ticket to true wealth-building over the next four years.

The Biden administration plans to build up global coalitions to counter a pact between Vladimir V. Putin and Xi Jinping, portending a new type of Cold War.