Australia's Ampol said on
Thursday that it has priced a wholesale offering of about A$600
million ($399.24 million) in senior unsecured notes in the
United States private placement market.
($1 = 1.5029 Australian dollars)
(Reporting by Poonam Behura in Bengaluru; Editing by Pooja
Treasury yields rose on
Wednesday after the Bank of Canada raised interest rates, a move
that could help the Federal Reserve retain a hawkish stance when
policymakers meet next week and again say U.S. rates will stay
higher for longer.
The Bank of Canada hiked its key overnight benchmark rate to
4.75%, the highest in 22 years, on increasin
Gold prices fell 1% on Wednesday,
weighed by an uptick in U.S. bond yields, while investors looked
forward to inflation data and the Federal Reserve policy meeting
next week for more clarity on the U.S. interest rate path.
The Canadian dollar
strengthened to a four-week high against its U.S. counterpart on
Wednesday as investors bet that the Bank of Canada would
continue to raise interest rates next month after it tightened
for the first time since January.
Restored U.S. Treasury
borrowing power in the wake of the debt ceiling resolution may
finally push money out of a Federal Reserve facility that has
been hoarding massive amounts of cash for an extended period of
The U.S. Treasury on Wednesday said
it aims to ramp up T-bill issuance to rebuild its cash balance
depleted during the debt ceiling stand off, aiming to add
roughly $350 billion to its cash on hand by the end of June.
Warning of increased risk
associated with fragility and record sovereign debt levels, a
group of top Latin American economists on Wednesday urged the
International Monetary Fund to adopt immediate,
central-bank-like reforms to brace for the next emerging market