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 ...

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 ...

With the Trump administration increasingly focused on striking deals to help weaken the dollar, a team of analysts at ...

In a cost-cutting move, the Treasury Department will soon stop minting new pennies. The one-cent coins will still be legal ...

The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday.

The U.S. is on the verge of ditching its penny due to the cost of production being higher than its face value, which could result in rounding of cash transactions and potentially costly flowback ...