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04.06.26 - 01:18
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India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse (ZeroHedge)
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India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse
Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back.
According to Bloomberg, India is poised to announce a suite of measures to lure foreign capital - reducing taxes and removing ownership caps on certain bonds - possibly as soon as this week. The cabinet is expected to consider a “significant cut” in the taxes global funds pay on Indian bonds, with officials reportedly weighing whether to eliminate the 20% levy on bond interest income entirely, or shave it down to what the people familiar described as “a bare minimum.” Translation: foreigners weren't biting, and so...
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04.06.26 - 01:18
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Gold Dethrones The King: ECB Confirms Barbarous Relic Has Overtaken Treasuries As Top Global Reserve Asset (ZeroHedge)
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Gold Dethrones The King: ECB Confirms Barbarous Relic Has Overtaken Treasuries As Top Global Reserve Asset
In what can only be described as the latest humiliating blow to the crumbling Pax Americana, gold has officially overtaken US government bonds as the world's top reserve asset.
The FT reports that, according to a fresh report from the European Central Bank released Tuesday, bullion now accounts for 27% of global central bank reserves at the end of 2025 - up sharply from 20% the prior year.
US Treasuries, once the untouchable king of the reserve world, have been knocked down to 22% from 25%. The euro's share remained flat at 15%.
This isn't some organic portfolio rebalancing. It's a full-scale de-dollarization revolt years in the making, turbocharged by Washington's own weaponization of the dollar.
“Geopolitical tensions continue to drive strong central bank demand for gold,” wrote ECB President Christine Lagarde in the report - in the driest possible bureaucrat speak while watch...
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03.06.26 - 23:06
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RBI rejects bids for treasury bills, move signals lower rates (Times of India)
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The RBI rejected bids for longer-term treasury bills, signaling discomfort with rising short-term yields ahead of its monetary policy decision. This move, aimed at softening interest rates, comes as the MPC meets to decide on rates, with a pause widely expected. Yields on government bonds subsequently fell....
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03.06.26 - 16:24
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Hybridanleihe 2021 vor dem Aus: UBM zieht Anleihe 2021/endlos vorzeitig ein (BondGuide)
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UBM Development zahlt die verbliebene Hybridanleihe 2021 vorzeitig zurück. Unterstützung kommt dabei von Großaktionär PORR. Die UBM Development möchte ihre noch ausstehende Hybridanleihe 2021 vorzeitig zurückzahlen. Wie das Unternehmen mitteilte, werden die verbliebenen 56,4 Mio. EUR am 18. Juni und damit nach fünf Jahren Laufzeit zurückgeführt. In diesem Jahr war sie erstmals vorzeitig kündbar. Die […]...
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