Two-Year Note Auction Attracts Below Average Demand
The Treasury Department announced the results of this month’s auction of $60 billion worth of two-year notes on Monday, revealing the sale attracted below average demand.
The two-year note auction drew a high yield of 0.175 percent and a bid-to-cover ratio of 2.34.
Last month, the Treasury also sold $60 billion worth of two-year notes, drawing a high yield of 0.152 percent and a bid-to-cover ratio of 2.54.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous two-year note auctions had an average bid-to-cover ratio of 2.52.
Later today, the Treasury is due to announce the results of this month’s auction of $61 billion worth of five-year notes.
Fernando Tatis Jr.’s first 162 games made history — even over three seasons
With his handful of national endorsement deals, his ability to command the nightly highlight shows with stupendous athleticism and the baseball-loving public's thirst to celebrate his many feats, it's easy to forget that Fernando Tatis Jr. has yet to even complete a full season in the major leagues.
His three years with the San Diego Padres have been curtailed by hamstring, back and wrist injuries sandwiched around the COVID-19 pandemic that limited the 2020 season to 60 games.
Yet Tatis, now 23, is approaching a milestone — 162 games played — that makes his accomplishments easier to contextualize.
And they are historic.
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The Ian King business podcast: A business rebrand, music royalties and free business advice
Ian is joined by the chief executive of Standard Life Aberdeen, as it rebrands to ABRDN.
He also speaks to the chief executive of PRS Music about streaming revenues, and the boss of what has become Europe’s biggest flower delivery business. Plus we hear from a not-for-profit collective which is offering advice and support to small firms.
Herald morning quiz: April 27
Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz at 3pm for the afternoon quiz.
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RBI caps age at 70 for bank MD, CEO, director positions
Regulator fixes upper limit of 15 years for post tenures
The Reserve Bank of India (RBI) on Monday fixed the tenure of MD, CEO and whole-time director (WTD) in a private sector bank at 15 years and prescribed the maximum age of 70 years for such functionaries.
These directives form part of the instructions issued by the RBI on Monday with regard to the chair and meetings of the board, composition of certain committees of the board, age, tenure and remuneration of directors, and appointment of the WTDs.
The RBI said it would come out with a Master Direction on Corporate Governance in banks in due course. “The post of the MD & CEO or WTD cannot be held by the same incumbent for more than 15 years.
“Thereafter, the individual will be eligible for re-appointment as MD & CEO or WTD in the same bank, if considered necessary and desirable by the board, after a minimum gap of three years, subject to meeting other conditions,” it said.
It added that during this three-year cooling period, the individual shall not be appointed or associated with the bank or its group entities in any capacity, either directly or indirectly.
With regard to upper age limit for MD & CEO and WTDs in the private sector banks, the RBI said that no person can continue in such positions beyond the age of 70. The maximum age limit for chairman and non-executive directors has been fixed at 75 years.
Colorado Rockies’ Jeff Bridich steps down as GM, two months after trading Nolan Arenado
Jeff Bridich, whose tenure with the Colorado Rockies was defined by his falling out with and subsequent trade of franchise player Nolan Arenado, is out as the team's general manager, the team announced Monday.
The Rockies announced that Bridich, 43, and the club "mutually agreed" to part ways, less than three months after Bridich dealt Arenado to the St. Louis Cardinals for a less-than-overwhelming return – and sent along $50 million to help the Cardinals pay Arenado's salary.
Colorado will appoint an interim general manager soon, it said in a press release, and will search for a permanent GM after this season. Greg Feasel, the club’s executive vice president and chief oprating officer, will for now oversee baseball operations.
Anonymous Content Signs ‘Supernova’ Director Harry Macqueen
EXCLUSIVE: Harry Macqueen, writer-director of the critically acclaimed film Supernova starring Stanley Tucci and Colin Firth, has signed with Anonymous Content.
Released in January 2021 by Bleecker Street Films and Studio Canal, Macqueen’s second film Supernova recently was longlisted for the 2021 BAFTAs for Outstanding British Film and Best Supporting Actor. It was selected as one of only 12 films to physically screen at the BFI London Film Festival in 2020 and debuted to tremendous critical praise when it first premiered at the San Sebastian Film Festival that same year.
Hinterland Macqueen’s debut film as a writer-director was made for £10,000 was release in 2015 to critical acclaim. The film received ‘Best British Debut’ at Raindance Film Festival and ‘Best Debut Film’ at the Beijing International Film Festival.
Macqueen, also an actor, started his career in entertainment as an actor, playing John Willard in Richard Linklater’s Me And Orson Welles and Jed Quinn in the hit show EastEnders.
Macqueen is also represented by Ian Benson and Nicola Biltoo at The Agency in the UK.