US Treasuries sell-off remains orderly, IMF says
  • May 22, 2025

US Treasuries sell-off remains orderly, IMF says

The U.S. Treasury market remains orderly and U.S. government bonds remain liquid safe-haven assets, a spokesperson at the International Monetary Fund said on Thursday, adding the Fund was monitoring tax plans taking shape in Congress. Long-term U.S. government bond yields have been rising sharply this week after a downgrade of the U.S. credit rating by Moody’s and as Republicans discussed a sweeping tax package that analysts said could add trillions to the U.S. sovereign debt pile. “Although there has been some volatility in markets, market functioning, including in the U.S. Treasury market, has so far been orderly,” the IMF's director of communications, Julie Kozack, told reporters on Thursday.

Exclusive-US expected to support Republican states' argument in BlackRock climate case
  • May 22, 2025

Exclusive-US expected to support Republican states' argument in BlackRock climate case

(Reuters) -U.S. federal antitrust enforcers were expected to express support on Thursday for arguments wielded by Republican states that accuse asset managers BlackRock, Vanguard and State Street of conspiring through climate activism to decrease coal output, two sources familiar with the matter told Reuters. The U.S. Department of Justice and Federal Trade Commission were expected to file a statement of interest in the case where Texas and 12 other states claim the companies used their substantial holdings in U.S. coal companies to discourage competition. The development marks a political setback for the top asset managers.

Kraken launches tokens to offer 24/7 trading of U.S. equities
  • May 22, 2025

Kraken launches tokens to offer 24/7 trading of U.S. equities

Crypto exchange Kraken said on Thursday it is launching tokens of U.S. equities that will trade around the clock, giving non-U.S. investors exposure to high-profile companies such as Apple, Tesla and Nvidia. Tokenization refers to the process of issuing digital representations of publicly-traded securities. Instead of holding the securities directly, investors hold tokens that represent ownership of the securities.