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Business

US 10-Year Treasury Yield May Reach 6% for First Time Since 2000

Dan Ivascyn, Pimco's chief investment officer, warned that the US 10-year Treasury yield could rise to 6% for the first time since 2000 due to rising oil prices, inflation concerns, and increasing government debt. The yield is currently around 5.29%, having climbed nearly 120 basis points this year. Further increases could pressure equities and corporate bonds, especially if yields exceed 5.5%.

Firstpost Business·

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Politics

BJP Leads Big in Nandigram-Rejinagar Bypolls, Mamata's Candidate Faces Bail Loss

In the Nandigram-Rejinagar bypolls, BJP is leading with a significant margin, putting Mamata Banerjee's candidate at risk of losing bail. Humayun Kabir's stronghold in Rejinagar is weakening as the BJP candidate gains a bumper lead. The bypoll results are also impacting Mamata and Congress in Bengal, with Tamil Nadu's TVK gaining ground. Counting is underway amid tight security in Assam's Nagaon and Bengal's Rejinagar-Nandigram.

India TV Hindi·

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World

IIT Madras and IIT Dharwad Partner for Education and Research

IIT Madras and IIT Dharwad have formed a partnership to collaborate on education, research, and entrepreneurship initiatives. This collaboration aims to enhance academic and entrepreneurial opportunities for students and faculty at both institutions, fostering innovation and knowledge exchange between the two IITs located in Tamil Nadu and Karnataka respectively.

ET Education··Karnataka

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Business

Foreign Investors Sell Rs 13,000 Crore in Indian Financial Stocks in September

Foreign institutional investors (FIIs) sold Indian financial stocks worth Rs 13,000 crore in September, marking one of the fastest sell-offs this year. The selling intensified due to factors like the RBI's rate hike, which weighed on equities. This outflow represents significant foreign investor caution amid changing economic conditions in India.

The Economic Times·

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Business

Yuan Reaches Four-Year High Against Currency Basket Backed by PBOC

The Chinese yuan has reached its highest level in four years against a basket of currencies. This rise comes as the People's Bank of China (PBOC) continues to support its foreign exchange policy, reinforcing the yuan's strength in international markets.

Bloomberg.com·

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Science

NASA Releases 800GB of Artemis II Moon Data Including Mysterious Flashes

NASA has released 800GB of data from the Artemis II mission, including 11,000 images and reports of five mysterious flashes seen by astronauts near the Moon. Scientists are excited about these lunar science results, which include observations of a mysterious island of light as the crew flew close to the Moon. The data offers new insights into lunar phenomena.

Moneycontrol.com·

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