CUSIP: 912797LM7Term and Type: 17-Day BillCMB: YesOffering Amount: 45 BillionAnnouncement Date: 03/23/2023Auction Date: 03/28/2023Issue Date: 03/31/2023Maturity Date: 04/17/2023PDF | XML
A bank’s assets triple over a few years when interest rates are low. The bank invests those assets in long term, higher yielding municipal bonds with little credit risk. Inflation flares up and interest rates rise, reducing the value of the municipal bonds and funding dries up. Regulators become concerned that the failure of this […]
So, Washington will bail out wealthy depositors at SVB and Signature and deny the same treatment to depositors when more traditional banks begin to fail?
There is a huge disparity in labor force participation among over 65-year-olds across different OECD countries. According to data from the organization, Japan and Korea are the places where those aged 65 and over are making up the biggest share of the …
Protests and strikes that have disrupted France for weeks are expected to grow more intense as the government yesterday decided to force through a controversial reform raising the minimum standard retirement age from 62 to 64. The change has been in th…
This Friday, March 17, is World Sleep Day, an annual celebration that aims to raise awareness of the importance of getting a good night’s sleep. This year’s campaign tagline is “Sleep is essential for health.” According to a study by the American Colle…
We can also predict that the next round of instability will be more severe than the previous bout of instability.
Following this week’s release of GPT-4, OpenAI’s new multimodal model accepting image and text inputs rather than ChatGPT’s text-only prompts, people on social media have been marveling about the new engine’s results in performing a variety of tasks, s…
Our faith in the wobbling world of hyper-financialization will soon be tested.
English football commentator Gary Lineker will be returning to the BBC’s landmark Match of the Day programme, after a weekend-long dispute with the news organization. Lineker was asked to step back from his role on Friday after he tweeted on his privat…
