Lakshmi Iyer from Kotak Alternate observes a significant narrowing of yield spreads between Indian and US bonds, reaching a ...

Disappointing US government debt auctions confirm that the bond market is disturbed. Yields for 10-year bonds rose higher ...

In a landmark decision, the U.S. Treasury Department has declared that the production of pennies will be discontinued from ...

The Indian rupee opened 4 paise stronger at 85.97 against the US dollar as compared to the close of 86.01 against the ...

Long-dated US government bonds sold off sharply in the run-up to the passage of Trump’s tax bill, extending a multi-day decline after a weak Treasury auction highlighted intensifying fears over ...

Asian equities stabilised Friday following the previous day's US bond-fuelled sell-off with traders tracking a slight ...

The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...

The U.S. Mint projects to save $56 million by reducing material costs. Making a penny cost 20% more in fiscal year 2024 than ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

The U.S. Mint’s annual report for 2024 found that a penny costs 3.69 cents to make. Its production resulted in a loss of $85 million for the Mint last year.

The U.S. Treasury is phasing out the penny due to rising production costs, signaling the end of an era and prompting economic ...

The Washington Post reported that the Treasury placed its final order for blanks this month with expectations that it will ...