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Bloomberg
19 hours ago
- Business
- Bloomberg
Jane Street Probe in India to Expand Further, SEBI Official Says
India's investigation of alleged manipulative trades by Jane Street Group will expand to include other major stock indexes over the coming months, a Securities and Exchange Board of India official said, without providing a timeline of when the probe will end. The next phase of the investigation will focus on trades undertaken by Jane Street and its units in other stock indexes in India, including the National Stock Exchange of India Ltd.'s flagship gauge Nifty 50 and the BSE Ltd.'s benchmark Sensex, the official said, asking not to be named as the details are confidential.
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
A Case of Bond Market Jitters
There will always be a market for Treasury bonds. The question is, at what price? On that score, markets delivered an uncomfortable surprise Wednesday and it's essential that Washington learns the right lessons. What should have been a routine auction for 20-year debt with a face value of $16 billion turned into a mini fiasco amid soft demand. The auction produced a yield of 5.014%, slightly higher than expected and well above the roughly 4.6% benchmark set in a string of recent auctions. The yield on the 30-year bond drifted above 5% for the second time this week and the 10-year note is near 4.6% and inching higher. This isn't a financial crisis, and most of these jumps in yield remain modest. Still, equity investors took notice, with major stock indexes falling in response to the bond moves and mixed earnings forecasts from retailers. It's trendy to blame Washington for this market fracas, and with cause. But first recognize the biggest problem that appears to be bothering markets: economic growth. Where will growth come from to buoy consumer sentiment, or to generate enough revenue to help Uncle Sam pay the bills?
