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South Africa's Treasury flagged 4,323 high-risk state payroll records in its February Budget, and verification is under way. None is proven fraud. The post South Africa Audits 4,323 Ghost Worker Cases appeared first on The Rio Times.
Wall Street traders wrong-footed by Treasury Secretary Scott Bessent’s surprise August decision to upsize purchases of older securities are game-planning for more activism, with key clues potentially surfacing Friday as the department prepares to update its debt management plans in November.
US Treasuries slumped after hotter-than-expected inflation prompted traders to boost their expectations that Federal Reserve officials raise interest rates later this month and next year.
Lou Crandall, the Wrightson ICAP chief economist whose dispatches on Treasury financing and Federal Reserve operations became required reading across trading desks for nearly half a century, announced he’s ending his weekly commentary.
US Treasuries resumed their retreat, lifting the 30-year yield back to its highest since 2002 as climbing oil prices raised concern about faster inflation and more central bank interest-rate increases.
The Treasury selloff that sent yields to multi-decade highs reflects stronger US growth and competition for capital rather than rising inflation concerns, according to Citadel Securities.
The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.