PFC’s issue includes three tranches – three-year bonds, 10-year bonds and 15-year bonds. The portion for institutional investors makes up 10%, while that for non-institutional investors accounts for 10%. The share of HNIs is earmarked at 40% while that for retail investors is at 40%.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend