TREASURY BILLS RETURNS
Comeback Trail: After IT, time for large private banks to make a comeback? 6 top private banks with an upside potential of upto 40%
Today, because one private sector bank and some of the PSU banks are under pressure, the bank nifty is trading in the red. Because the bank in question, Kotak Mahindra bank has come under pressure due to one specific development which tends to be eye-catching, the whole narrative shifts to something which is not related to the core business of banking. If one leaves aside what is happening in the banks today and looks at a slightly broader picture, probably there are underlying indications of something else. A probability of a tactical investment opportunity building in the private sector banks taking place. Look at the leaders from that space, HDFC bank which has been at the forefront of getting all negative news is pretty much close to its earlier highs.
US Treasury finalises new crypto tax reporting rules
The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owners pay the tax owed on digital asset transactions. The rules will help simplify reporting and may lead to additional IRS regulations for non-custodial brokers in the future.
These 8 bank stocks can give more than 25% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Getting back into shape for good? Banking stocks with upside potential of more than 20%
One sector where the street has been giving differential treatment for many years has been the banking space. Right from PSU banks to small finance banks to private sector banks and even in the private sector banks, there has been a different treatment to different sets of banks. But recently the divergence in valuation has been narrowing down, at all levels. Whether it is between private and public sector banks or even intra private banks segments. There are two underlying factors for it, first, over the years, technology which was a strong point of large private sector banks has been to an extent implemented by other banks also. Second, different banks take care of different segments of the economy, some retail, some large corporate, some SME and retail. So when all segments of the economy are doing well, there is a greater likelihood that all banks will see better performance. We look at banks from three segments of the banking sectors, large players which don't make headlines every day but have seen better performance.
Stark divergence in projected returns of private and PSU banks in next one year: Will analysts again be caught on the wrong foot?
One sector where the street has been giving differential treatment for many years has been the banking space. Private banks were preferred over their PSU counterparts. But three years back, things started to change. Much loved private sector banks started to stagnate, both in terms of absolute price movement and also in valuations. It was not that immediately the PSU banks came into limelight, there was a phase of more than a year when both private and public sector banks were ignored. But then a year back it was PSU banks which got into limelight and since then have been doing well. But as they say, any kind of bias dont go away easily. Analysts estimates for next year's upside potential are far higher for private sector banks as compared to PSU banks. Possibly they are taking into account the fact that when the capex cycle takes upturn, which it has, PSU banks are much more likely to benefit as they have balance size and more importantly the mind set for that kind of lending.
Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
US President Joe Biden and Chinese President Xi Jinping held a phone call discussing various issues like Taiwan, artificial intelligence, and security matters, aiming to restore regular dialogue between the two nations' leaders. The call follows their November summit, focusing on strengthening ties and cooperation.
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US House passes $1.2 trillion spending bill, sends to Senate
The Republican-controlled U.S. House of Representatives on Friday passed a $1.2 trillion bill to keep the government funded through September, leaving the Democratic-majority Senate hours to act before a partial government shutdown deadline at midnight.
Sam Altman returns to OpenAI board, says ‘can't wait to show what's next’
Sam Altman was fired in November last year after a boardroom drama. Now, Altman will join the board with three new directors – Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation; Nicole Seligman, former president of Sony Entertainment; and Fidji Simo, CEO of Instacart.
Sam Altman returns to OpenAI board months after crisis
CEO Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and rehired by the company behind ChatGPT. Altman was also found to have been wrongly fired in an internal investigation that was launched in the days after his chaotic dismissal last year, the company said. Quora CEO Adam D'Angelo is the sole holdover from the old board that had taken the decision to fire Altman.
What returns can an investor expect from overnight funds and liquid funds?
Many investors tend to keep money idle in savings bank accounts to meet near-term goals like paying school /college fees, vacation, or buying electronic goods 3-6 months later.
Best short duration mutual funds to invest in February 2024
According to the Sebi mandate, short duration funds can invest in debt instruments with maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.
Higher ability to deal with volatile markets: 6 largecap stocks with right mix of RoE & RoCE
For a large majority of investors, when the word “ large cap” is used , it is stocks like HDFC bank, ICICI and other big names come to mind. The fact is that these stocks have moved into the mega cap category. There is another set of stocks which have now entered into large cap territory when it comes to market capitalisation but in terms of certain aspects of business, some of these are from sectors which are getting discovered or getting re-rated as if they are mid-cap stocks. Having exposure to them might appear to be risky, but then the possibility of reward is higher as more institutional investors take exposure to them.
How treasury bills returns are calculated, taxed: Learn this to maximise gain from T-bills investments
Treasury bill is a short term debt instrument issued by the Reserve Bank of India on behalf of the government of India. Treasury bills are also called zero coupon bonds since they are issued at a discount to face value and redeemed at par. Here's how the return for treasury bill is calculated and taxed.
"Needs peace, security more than elections": Ladakh MP Jamyang Namgyal in Lok Sabha amid debate on two Bills on Jammu & Kashmir
The discussion on two Bills on the Union Territory of Jammu and Kashmir in the Lok Sabha, on Day 2 of the ongoing Winter Session of Parliament, saw a heated debate between the Treasury and the Opposition benches, with veteran TMC MP Saugata Roy demanding that the Centre set a definite time frame for holding Assembly polls in the UT.
Bond market's best month since 1980s sparks cross-asset rally
Investors frantically bid up the price of Treasuries, agency, and mortgage debt, sparking the best month since the 1980s and igniting a powerful pan-markets rally in everything from stocks to credit to emerging markets.
Wall Street Week Ahead: Investors seek shelter as U.S. stocks grow more turbulent
"When rates are increasing at the rate they are and the geopolitical situation is what it is, now you are getting a bid to volatility," said Brent Kochuba, founder of options analytics service SpotGamma.
US yields rise amid increased Treasury supply, still-imminent Gaza attack
Israeli forces kept up their bombardment of Gaza after diplomatic efforts to arrange a ceasefire to allow foreign passport holders to leave and aid to be brought into the besieged Palestinian enclave failed.
Government shutdown from October 1? Know which departments will function & more
A government shutdown in the U.S. looms large. Why and how does it happen? Know here which departments can function under a government shutdown and if the employees will be paid for this period or not.
UK PM Rishi Sunak defends actions over school closures
The British Indian leader also indicated that extra funding will be made available to schools dealing with the current crisis. "The Chancellor [Jeremy Hunt] has been crystal clear that schools will be given extra money for these mitigations, it won't come from their existing school budgets," noted Sunak, admitting that the timing of the crisis was "frustrating".
A deluge of bills and bile: What Monsoon session of Parliament achieved
Friday marks the end of this year’s Monsoon session of the Parliament which saw many important bills passed and introduced as well as heated political debates full of bile and no-holds-barred attacks. The highlight of the session was the no-confidence motion moved by opposition parties of the INDIA alliance which generated debates between the opposition and treasury benches. Another highlight was the introduction of three new bills to overhaul the criminal justice system.
U.S. yield curve hits deepest inversion since 1981: What is it telling us?
That inversion briefly reached negative 109.50 basis points on Monday as shorter term yields fell less than longer-dated ones, creating the largest gap between shorter-dated and longer-term yields since 1981. At that time, the economy was in the early months of a recession that would last until November 1982, becoming what was then the worst economic decline since the Great Depression. "It's not unusual to get a yield curve inversion but it is unusual to get one of this magnitude.
Treasury bills, ultra short-term debt funds look attractive to park cash
Currently, a 91-day deposit of HDFC Bank yields 4.5%, while it increases to 5.75% for 181 days and 6.6% for a year. Compared to this, T-bills of similar tenure yield 6.78%, 6.95% and 7.01%, respectively. Ultra short-term funds could fetch investors anywhere between 7.25% and 7.5% return.
Role of interest rates in your investment decision making
Interest rates and stock prices are closely related. Changes in interest rates may have a significant impact on the economy and financial markets, including the stock market. Interest rates can affect company earnings, the cost of borrowing money, and the demand for stocks
Why it still makes sense to invest in debt funds post taxation tweaks
Thus, if yields rise, then prices fall eroding the gains made from coupon accruals. Correspondingly, if yields fall, then prices rise adding to the gains made from coupon accruals.
Keep 25-30% in cash now, exhaust fixed income options: Ajay Srivastava
Experts suggest investors should maintain 25-30% cash in the bank and purchase government treasury bills or 10-year dated bonds which offer a better yield due to indexation benefits on tax. Private sectors are said to be better investments than public sector banks. Though the hospitality sector and metal industry are suggested, the election year and government actions to control inflation cap returns, making modest returns possible in the short term with higher gains possible after some years.
HDFC Mutual Fund launches HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme, will close for subscription today. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO.
Cash is paying more than traditional stock-bond portfolio
The steep jump in those payouts has reduced the incentive for investors to take risks, marking a break from the post-financial crisis era when persistently low interest rates drove investors into increasingly speculative investments to generate bigger returns. Such short-term securities are typically referred to as cash in investing parlance.
Looking for investment mantras? Here are Warren Buffett’s 5 pearls of wisdom
Berkshire will always hold a boatload of cash and US Treasury bills, and will avoid such investment decisions that could result in any uncomfortable cash levels at inconvenient times, including financial panics and unprecedented insurance losses, Buffett said.
RBI issues draft norms for lending and borrowing of G-secs
The draft said government securities issued by the central government excluding Treasury Bills would be eligible for lending/borrowing under a GSL transaction
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