Traders brace for $102-billion treasury bond sales
For the first time since early 2021, the Treasury will boost its so-called quarterly refunding of longer-term Treasuries, to $102 billion from $96 billion, the consensus among dealers suggests. While down from the record levels hit during the Covid-19 crisis, that’s well above pre-pandemic levels.
Apple, Meta hot streaks fuel Nasdaq 100’s July rally
Apple is the biggest component of the Nasdaq 100, comprising nearly 12% of the index weight. The stock has risen about 1% in July and is poised to close out a seventh straight positive month.
Bank lending up 16.3% in June: Indians in the mood to buy drive credit growth
In aggregate terms, bank loans advanced 16.3% in June. Retail loans climbed more than a fifth on year, supported mainly by home and vehicle loans, the latest central bank data showed. Bank loans to non-bank lenders climbed, and so did the disbursements to large companies.
Concord Bio’s Rs 1,551-crore IPO to open on Aug 4
The issue, which will close on August 8, is entirely an offer-for-sale, where the existing shareholder Helix Investments Holdings will sell up to 20.92 million equity shares, the company said.