Discover and read the best of Twitter Threads about #Treasury

Most recents (24)

HDFC Bank

2QFY23 Result Update

#hdfcbank #2qfy23

Standalone numbers:

Net Interest Income (#NII) at 21,021cr (up 19% YoY)
#Loan Growth 23% YoY, #Deposit Growth 19% YoY

Non-interest Inc (Inc treasury) at 7,596cr (up 3% YoY, lower growth due to less treasury income this year)
#Treasury Inc at 253cr (lower by 71% YoY, due to higher bond yield this year vs last year)

Total Operating Exps at 11,225cr (up 21% YoY)
Cost to Income Ratio at 39.2% vs 37% last year.

Operating Profit at 17, 392cr (up 10% YoY, lower growth due to lower treasury inc this yr)
Provision for Loan loss / NPA at 3,240cr (lower by 17% YoY, no covid related provision this year and better recovery)

Net Profit at 10,606cr (up by 20% YoY)
Consolidated Net Profit at 11,125cr (up by 22% YoY)

Net NPA Ratio at 0.33% vs 0.40% last year, 0.35% as on 1QFY23.
Read 10 tweets
I was asked about why there are differences in #TEDSPREAD values/plotting, so here’s what you should know. The acronym “TED” is derived from #TREASURIES minus #EURODOLLARS & expresses the difference between theoretically risk free yield & yield with embedded credit risk (cont)…
…classically TED spreads are plotted using same term cash #TREASURY bills against #LIBOR yields. Most often the terms used are 1M & 3M month tenors, though overnight tenors can also be used. Of course any risk free rate can be used such as #SOFR, as in my previous post (cont)…
If you’re wanting to trade #TED spreads using futures and/or you don’t have access to an #EIKON or Bloomberg terminal for cash plots you can construct/trade a viable version of them synthetically using 2Y #TREASURY & #EURODOLLAR futures which is very common (cont)… $ZT $ED $GE
Read 19 tweets
Thanks to @GeoffCutmore & @cnbcKaren for this morning's chat on #SquawkBox.

I did TRY to find something positive to say - honest, folks!

Following are the notes I sent the team before the show:-
🧵1/x
Ok. So here goes...

2/x
Something I've mentioned on here: the enormous scale of Europe's energy problem runs into the €trillions. The #AmpelDesGrauens "Doppel-Wums" -'bazooka' - relief package is €200bln & doubts are *already* being voiced whether will suffice.
3/x
Read 14 tweets
A look into @SundaeSwap published #Tokenomics vs. #OnChain reality 🔍

A thread 🧵

#Cardano #ADA #SundaeSwap #Transparency #Accountability #NFT #eUTXO #DEX Image
1) It seems like Sundaeswap originally placed tokens into #eUTXOs with respect to the posted #tokenomics, looking at the early eUTXOs. However, it also seems that this intentional separation did not work out.
2) Additionally, looking at the published tokenomics and the on-chain reality captured by the #token distribution over wallets, it becomes hard to identify which portion of the tokens are indented for the advertised use case. Image
Read 10 tweets
🪂 AIRDROP ANNOUNCEMENT 🪂

Gm #Namers! 👀👀👀

We just posted our official #Airdrop criteria!
👉 medium.com/evmos-domains/…

TL;DR:
🔸 3 airdrops
🔸 40% farmed!
🔸 Early adopters rewarded
🔸 >60% to domain holders! 🔥

A quick 🧵 for readooors: 👇

1/5
Entering the last phase of our Roadmap 1.0, we're launching the #EvmosDomains utility, treasury, & governance token: $EVD! 🎉

The total supply, 10M, will be distributed via:
👉 40% over 3 airdrops spanning 6 months
👉 40% farmed on @diffusion_fi over 2 years
👉 20% Treasury

2/5
The airdrops:

👉 40% to #EvmosDomains holders
👉 20% to registrants and early adopters
👉 10% to the @EvmosDomains team
👉 10% to @OrbitalApes ecosystem users
👉 10% to $EVMOS, $ATOM, and $OSMO stakers
👉 10% to Testnet users, Contributors, and Discord members!

3/5
Read 5 tweets
#CunningPlan #ToriesUnfitToGovern #CostOfLivingCrisis
What’s behind the Treasury idea that #GP’s should prescribe cash for those in #fuel poverty?
~ Richard Murphy
taxresearch.org.uk/Blog/2022/08/2…
/2 According to the Guardian ‘GPs could write prescriptions for money off energy bills for the most vulnerable under a plan drawn up by the Treasury’. Let’s just think about that for a moment. A thread….
/3 To provide a caveat, the #Treasury has not said Team #Truss has adopted this plan as yet, but it’s been put out as an idea for a reason, and it must exist, so what’s wrong with this proposal? #ToriesWrong #CostOfLivingCrisis
Read 16 tweets
Today I would like to share my thoughts and ideas about the @entropydotxyz project, and its values both for myself personally and for humanity!

Also I have some surprise for you at the End of this tweet!
The @entropydotxyz team is extremely focused on launching the first ever truly win-win protocol for decentralized asset storage. Image
Self-storage should be a pillar of Crypto. Many believed that from the early days of the industry, this vision would always be at the forefront of priorities.
Read 21 tweets
(1/9) 🧵👇Market Wrap #3: 📰 Market Recap 📰

1. EUR dips below Dollar parity for the first time in 20 years

> Ukraine Russia war caused an energy crisis in EU. ECB is trying to curb inflation and cushion a slowing economy where it aims to raise borrowing costs.
(2/9)

> he US #Fed is raising interest rates at an accelerated rate, causing yields on US #Treasury Bonds to surge higher than EU’s debt — driving investors to the dollar and away from euros.
(3/9)

> Weaker currencies used to be welcomed as a means to stimulate economic growth. This is now undesirable due to inflation, making imports expensive. EU #CPI jumped to 8.6% in just a year.
Read 9 tweets
Before wars begin and end, the country strategists must invest in proper risk analysis and intelligence.
Country Risk Analysis is not just about surveying Banker's Almanac or doing lousy ratio analysis and setting risk limits to counterparty exposures, jurisdictions, desks, etc.
Very few financial institutions and especially banks hire country risk analysts.
Most of the work is done by credit underwriting and back-office analysts with some input taken from Compliance, and Risk Management Desks.
Credit Manuals talk little about International banking.
Global Banks should hire Political Science, International Political Economy Experts, and related subject area professionals, who can provide qualitative input that is needed for risk assessment.
ECL/Default Risk is not just LGD X PD X EAD.
@BIS_org must provide more guidance.
Read 6 tweets
#ProtoFi changed all the Mulitpliers as specified in the last proposal as the PIP-05 linked below has been approved with 99.97% of positive votes. 🧐

snapshot.org/#/protofi.eth/…

Below a bit of insight about what these changes will bring📈

Attention: Thread for Giga 🧠 only 🤓
🧵
The weight we gave to stable pools in the beginning of the protocol was the result of days of studying and homeworks.

We used to give much higher emissions to stables pools than non-stables pools ( amongst the Fusion pairs )
This was contrary to what other DEXs generally do, since we were focused on increasing the #Fission #Treasury by means of deposit fees.
Read 14 tweets
A thread about #CorporateBonds prepared by my colleague Collin Martin.
Investment grade corporate bonds have been hit by the double whammy of rising #Treasury yields and rising spreads this year. Image
High-yield bonds have performed slightly better despite a larger move in spreads since they have a lower average duration. Image
Read 4 tweets
⚖️ LEGAL LOOKOUT 1: We’ve read with interest the amicus brief below filed by 24 health policy experts in the @texmed v. @HHSGov lawsuit, as we filed one, too.

Without any further digging, though, we can see off the bat that a majority of the so-called experts who signed

(1/8) ImageImageImage
onto this brief are funded by the #insurance industry.

We respect and cherish the fact that everyone party to a significant #policy debate like this one over #regulatory implementation of the #NoSurprisesAct has a voice.

But, a question to @RonaldKlain, @SecBecerra, and

(2/8)
@BrooksLaSureCMS: How can you reconcile the fact that the administration’s #regulations rely on these bankrolled academics and experts while also claiming that these regulations help #patients and our #healthcare system? This is an alternative reality.

(3/8)
Read 19 tweets
🧱 The built environment represents 40% of U.K emissions, but the #Treasury's approach to the decarbonisation of this sector is an object lesson in how a lack of joined-up thinking is taking us away from our legally-binding #netzero carbon commitments.

A #Budget2021 THREAD! Image
🔨It can take between 10 and 80 years for a new, energy-efficient building to offset the emissions created during the construction process. Image
💷 But the U.K tax system militates against low carbon retrofit and upgrades to existing buildings by levying 20% VAT on renovations, while zero-rating new build homes. This means it often makes more financial sense to demolish and rebuild, rather than preserve and upgrade. Image
Read 11 tweets
⚠️ GROSS COI REVEALED: In an extraordinary and fantastically written investigative report, @theintercept's @rose_n_adams unveils how @UHC co-opted @zackcooperYale's #surprisemedicalbill study, all while #Congress embraced it as "academic" and "unbiased" work to write #SMB law.
1⃣ This lays bare how #UnitedHealth has manipulated #surprisebill "research" to enrich itself at the expense of all #patients and the frontline #medical providers risking their lives over the past few years of #Covid.

2⃣ The study was foundational in the #SMB debate, and...
...Congress was duped. We believe that Congressional #investigations are now warranted by the #House and #Senate #Judiciary Committees. @HouseJudiciary @JudiciaryDems

3⃣ This work from Prof. #Cooper and his @Yale team was cited *10 TIMES* in the first #regulation issued by...
Read 19 tweets
What is going on in the #treasury market? 10 year treasury just hit 1.13%. Yet my fair value model has it at 1.75% (incorporates Copper/Gold and other ratios - r2 of 90%+) #bonds #yields #YieldCurve ImageImage
This is right as fears of growth slowing down are coming up #jobs #ADP
usnews.com/news/economy/a…
Yet, the #ISM Manufacturing PMI is still in a highly expansionary state at 59.1 Image
Read 15 tweets
Oggi l'annuncio storico sul target di inflazione euro, secondo rumor sarà alzato a...con possibilità di superarlo. La Bce di Christine Lagarde pronta a copiare la Fed di Powell, falco tedesco Weidmann permettendo. bit.ly/3qWhdN6 #8luglio #COVID19 #Covid @business
1/In attesa BCE++++Profondo rosso a Piazza Affari: raffica di catalyst negativi scatena sell-off su tutti i titoli del Ftse Mib. oltre -3% per Banco BPM e Bper. #Unicredit ai minimi due mesi, oltre -12% in ultimo mese +++bit.ly/36j8c7h VIA @titta_ferraro78 #StocksToWatch
2/Spread BTP-Bund 10 anni a 107, in rialzo di oltre +3% in attesa annuncio storico Bce. Tassi Bund in calo su scia tonfo tassi #Treasury post Fed bit.ly/36leV0l #bonds
Read 9 tweets
The Government response to the #SternReview was the #ClimateChangeAct: domestic action on #ClimateChange.

Its response to the #DasguptaReview starts with a promise on international biodiversity that HMG can't deliver. A better response would be to halt #nature's decline at home.
Of course, it should also commit to reducing the UK's #GlobalFootprint as a way to contribute to the international biodiversity crisis.
Next, the Review focuses on raising private finance. That's an excellent ambition & the Impact Fund is welcome.

But the top thing Gov can do to unlock finance is a commitment to halt nature's decline that's "long, loud and legal": a #StateofNature target in the #EnvironmentBill
Read 7 tweets
Forex Live 1/5: FX #options expiries for 14 Apr 10am NY cut
There are some sizable ones layered for #EURUSD closer towards 1.1900 but also near current levels, even for tomorrow, so that might attract price action with key resist seen closer towards 1.1990-00 region at the moment
Forex Live 2/5: That said, the dollar looks vulnerable across the board with 10-year #Treasury yields also sitting on the cusp of a soft bottom closer to 1.60%, so there's that to consider.

Going over to #USDJPY, that has seen the pair fall below 109.00 - where there are some
Forex Live 3/5: modest and chunky expiries seen this week.
Technically speaking, the break below 109.00 also sees the pair likely to push lower to test the 23 March low @ 108.40 so this just adds to the conviction.

All of that ties together with general dollar sentiment and how
Read 5 tweets
FTSE China A50 Index futures extend decline to 1%.
#StockMarket
Shanghai Composite Index -1%
Shenzhen Component Index -1.7%
ChiNext -2.4%.
Hang Seng Index -1.2%
#StockMarket #China ImageImage
The 10-year #Treasury note yield rose 5.6 basis points to 1.469% after ECB officials saw no need for drastic action to prevent bond yields from rising, as they felt changes to communications or maintaining the flexibility of its pandemic emergency purchase program: MarketWatch
Read 9 tweets
Why do young people leave quantitative trading 5 to 7 years in their career, and what's your advice for aspiring quantitative traders?
@CQFInstitute @RiskDotNet @icmacentre @RiskMinds
The burnout (losing interest in the job) and dropout(leaving the job) rates are stupendous.
#Quantitative Specialist Roles as they exist in the Dealing Room in the form of #Treasury, Brokerage, Fund Management, #Investment Management, #Portfolio #Asset Management, #Derivative Market Making, and various other Front -Office #Risk Roles are highly demanding jobs indeed!
Most of the traders are asked to take a mandatory leave of up to two weeks or more at financial institutions, so they can relax a bit by staying away from the financial markets.
Read 10 tweets
#threadseries

Nigerian Stock Market

The #equities market presents attractive opportunities for #investors in form of capital appreciation and dividend return given the low yield environment in the fixed income space.
#Nigerian stocks are currently undervalued and present an opportunity for growth in the short to medium term.
The current #ROI in the #equities market is positive with a YTD return at over 47.5% compared to the #inflation rate at 14.9%.
We believe #stocks in the #financial services (mostly #banks), ICT, and the #industrial sectors present strong prospects for growth given their resilience to the #economic recession.
Read 11 tweets
Given today's focus on #Treasury delivering a #GreenRecovery, here's a short thread on the 5 things I would be advising the Chancellor to do if I was still there. As an ex-Treasury official there will be too few ££s for some, but hopefully still ambitious.
thetimes.co.uk/edition/news/c…
#1 Dig what’s shovel ready: Target precious public funds at the things that will actually spark economic activity now. Focus should be on immediately deployable technologies, like energy efficiency measures, heat-pumps and EVs (not a diesel scrappage scheme).
#2 Try before you buy: In areas where strategic case not settled, announce series of large-scale pilots in regions where economic activity is most impacted by pandemic. Major hydrogen trials and industrial decarbonisation in key clusters are low-regret and politically attractive.
Read 6 tweets
Another canard currently doing the rounds is this whole, "Yields are low ergo public debt is no burden - and yields must STAY low or it WOULD quickly become one, far too heavy to bear" schtick.

#UST #Treasury #Fed #deficit 1/x
Clearly no-one understands the difference between real costs and virtual, financial ones.

The State's gross mishandling of the #coronavirus crisis has destroyed or impaired tremendous amounts of productive #capital - a loss which should neither be understated nor camouflaged 2/x
The fact that the gazillion new IOUs #UST has issued as a partial (and temporary) recompense for this will come with artificially low interest rates is absolutely NO cause for cheer: in fact, quite the converse. 3/x
Read 7 tweets
@VOLG_DE_DATA @wmiddelkoop 1) This is a very hard question to answer. US #gold has not been audited since the 1950's and there are rumours that much of the gold in Fort Knox has been replaced by fakes. Rob Kirby claims to "know folks who have copies of the original shipping docs".

marketoracle.co.uk/Article14996.h…
@VOLG_DE_DATA @wmiddelkoop 2) Hence the question to Q, with his interesting replay that the #US has the #gold and that it shall destroy the #FED.

What we know is that currently the #FED is printing dollars #Weimar style, which can be expected to result in #hyperinflation.
@VOLG_DE_DATA @wmiddelkoop 3) Alan Greenspan warned about this a while ago and talked about returning to the #gold standard. Remarkably, he mentioned the time before 1913, when the #FED was established:

marketslant.com/articles/green…
Read 9 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!