RBI Announces Final Redemption Price for Sovereign Gold Bond 2016-17 Series III
The Reserve Bank of India (RBI) has announced the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series III, set at Rs 7,788 per unit, marking a significant increase from its initial price of Rs 3,007. As this tranche approaches maturity on November 16, 2024, investors can benefit from both capital appreciation and a 2.50% annual interest rate. With options for premature redemption available, the SGB scheme remains a popular choice for investors seeking a secure way to invest in gold.
U.S. Economic Stability at Risk Amid Rising Debt Concerns
Concerns about U.S. economic stability are rising as debt levels increase and government spending escalates. Experts, including MarketGauge’s Michele Schneider, warn about the Federal Reserve’s ability to maintain independence amidst potential political shifts and aggressive fiscal policies. Despite signs of a slowing economy, strong fundamentals like consumer spending and job growth provide resilience against these challenges.
Investors Brace for Stock Market Shifts Ahead of Elections
As the upcoming elections approach, investors are analyzing potential stock market shifts based on the outcomes. JPMorgan suggests that a Trump victory may boost steel stocks due to historical support for the industry, while a Harris win could favor clean energy investments. With market volatility expected, investors are advised to diversify their portfolios and stay informed about political implications on various sectors.
Former financial secretary urges Hong Kong to seek alternative revenue sources
Former financial secretary John Tsang Chun-wah has urged the government of Hong Kong to seek alternative revenue sources to cover government spending, cautioning that the city has entered an era of structural fiscal deficits. Tsang criticized the revenue-boosting measures from the recent budget, highlighting that they were expected to generate only about HK$2 billion, falling far short of the required tens of billions to achieve fiscal balance.
Challenges for Bond Investors as Incora Emerges from Bankruptcy
Bond investors are facing challenges as Incora, an aerospace parts supplier, attempts to emerge from bankruptcy, shedding light on the struggles of high-yield debt investors in the current credit cycle. JPMorgan Chase & Co. and affiliates of BlackRock Inc. are…
Emerging-Market Corporate Bonds in USD Yielding High Returns in 2024
The emerging-market corporate bonds denominated in US dollars have emerged as early winners for traders in 2024. These bonds are currently yielding higher returns than most other asset classes within the EM universe, with annualized gains of 12% in US…