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04.09.26 - 22:24
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Algorithm Research CEO on Interest Rates Expectations (Bloomberg)
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Ketaki Sharma, founder and CEO of Algorithm Research, says the inflation is the main factor to watch in assessing the the bond market and the Federal Reserve's next move. She speaks on "Horizons: Middle East and Africa." (Source: Bloomberg)...
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04.09.26 - 22:09
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IRS, Treasury Propose Cutting Tax-Exempt Status For Schools With Diversity Policies (ZeroHedge)
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IRS, Treasury Propose Cutting Tax-Exempt Status For Schools With Diversity Policies
Authored by Jack Phillips via The Epoch Times,
The Trump administration is proposing a new rule that would strip private colleges and schools of their tax-exempt status if those institutions engaged in racial discrimination through policies such as diversity, equity, and inclusion (DEI).
The U.S. Treasury Department and the Internal Revenue Service said on Thursday that a proposed rule would bar a private school from obtaining tax-exempt status under section 501(c)(3) of the U.S. tax code if the school "adopts, maintains, or enforces a policy or practice that discriminates on the basis of race, color, or national or ethnic origin."
Under the new regulation, which would take effect in May 2027, a broad range of programs administered by schools would be affected. They include admissions, policies, loans, scholarships, and athletics, said the Treasury Department in a news release.
The proposal may impact as many a...
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04.09.26 - 19:42
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′There′s no plan′: as instability in global bond markets rises, what are the knock-on effects? (The Guardian)
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From mortgages to inflation, concerns about the public finances of major economies have wide-reaching consequencesWhen Donald Trump was asked recently about the threat of rising interest rates on US government debt, he told baffled reporters: “The ultimate intervention is our military. And if we have to use that, we will.”Perhaps not surprisingly, his bellicose words did not soothe fractious bond markets, and his resumption of the bombing campaign against Iran only made matters worse. Continue reading......
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04.09.26 - 17:06
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World′s Largest Sovereign Wealth Fund Cuts Treasury Holdings... But It′s Not What You Think (ZeroHedge)
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World's Largest Sovereign Wealth Fund Cuts Treasury Holdings... But It's Not What You Think
The headlines are running rampant this morning as the world's largest (and most transparent) sovereign wealth fund - Norway's Government Pension Fund - has proposed reducing the amount of government bonds in its $2.3 trillion portfolio to boost holdings of riskier debt, with US Treasuries the most affected.
Norges Bank Investment Management (NBIM), which manages the fund, said in a letter sent to the Ministry of Finance on Tuesday and published on its website, that government debt should be cut to 50% of the bond holdings from 70%.
As Bloomberg reports:
With about 30% invested in bonds, the fund had more than $615 billion of fixed-income assets in its portfolio as of June 30, about 59.5% of which were invested in government bonds, according to the latest figures on its website. Adding in government-related bonds, the allocation is 69%.
The proposed reduction in government bonds' share to 50% would...
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