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Government borrowings in comfort zone as T-bill yields drop

Government borrowings in comfort zone as T-bill yields drop

Finance
Mumbai: Concerns about government finances are easing with the short-term treasury-bill yields declining to levels below the reverse repo, yielding negative real rates for the first time since the global financial crisis a decade ago. Treasury bills are sovereign papers with up to one-year maturities. “Investors are now looking to invest in shorter-term papers as they would not want to lock in long duration in lower rates,” said Ritesh Bhusari, deputy general manager at South Indian Bank. “This, coupled with surplus liquidity in the system, is dragging T-bill rates down.” That has made it cheaper for the government to borrow short-term money. To be sure, the banking system has a surplus of Rs 4.36 lakh crore. Since the past four weeks, yields have started dropping due to increased demand f
Look: NCT 127 teases ‘Neo Zone’ album

Look: NCT 127 teases ‘Neo Zone’ album

Entertainment
Feb. 11 (UPI) -- South Korean boy band NCT 127 is gearing up to release a new album. The K-pop group, a subunit of the boy band NCT, shared a teaser Tuesday on Twitter for the album, titled Neo Zone. The preview opens with a shot of static on an old TV. The different channels feature clips of NCT 127's music. NCT 127 previously shared a logo for the album that features the title and a symbol. NCT 127 will release Neo Zone and the new single "Kick It" on March 6. Pre-orders for the album begin Friday. NCT 127 is known for the singles "Limitless," "Cherry Bomb," "Regular" and "Superhuman." The group released its most recent EP, We Are Superhuman, in May. NCT 127 consists of Taeil, Johnny, Taeyong, Yuta, Doyoung, Jaehyun, Winwin, Jungwoo, Mark and Haechan. Let's bloc...
Americans from China virus zone evaluated at military base

Americans from China virus zone evaluated at military base

Health
Officials say the 201 Americans evacuated from the Chinese city at the center of the virus outbreak are undergoing three days of testing monitoring at a Southern California military base to make sure they do not show signs of the virusBy AMY TAXIN and MARK THIESSEN Associated PressJanuary 29, 2020, 9:48 PM3 min readRIVERSIDE, Calif. -- The 201 Americans evacuated from the Chinese city at the center of the virus outbreak are undergoing three days of testing and monitoring at a Southern California military base to make sure they do not show signs of the virus, officials said Wednesday. The people flown out of China on a plane chartered by the U.S. government are not quarantined, Dr. Chris Braden of the Centers for Disease Control and Prevention told reporters after the plane landed at March...
Turkey and Russia agree to Syria ‘safe zone’ with no Kurdish fighters

Turkey and Russia agree to Syria ‘safe zone’ with no Kurdish fighters

World
Russia and Turkey have agreed to joint military patrols along the Turkish-Syrian border as they demanded Syrian Kurdish fighters withdraw from the area.Russian President Vladimir Putin and his Turkish counterpart, Recep Tayyip Erdogan, made the agreement during a meeting in the Black Sea resort of Sochi moments before a five-day ceasefire ended. US President Donald Trump announced two weeks previously that US troops would withdraw from northeastern Syria, leaving its Kurdish allies to fend for themselves as Turkey launched an offensive. Russia, the Syrian government's strongest ally and previous enemy of the Kurds, stepped in to negotiate with Turkey as more than 166,000 Kurds fled the region, many into Iraq.Mr Putin and Mr Erdogan agreed Russian military police and Syrian border guard...