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The bid-to-cover ratio for the US 4-month Treasury bond auction ending September 23 was 2.81, compared to 2.72 previously.

2026-09-23

The bid-to-cover ratio for the US 4-month Treasury bond auction ending September 23 was 2.81, compared to 2.72 previously.

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2026-09-23

Against a backdrop of industry-wide falling deposit rates, smaller banks show divergent deposit pricing: some have raised deposit rates while others have cut mid‑to‑long‑term fixed deposits, with isolated term‑rate inversions and inconsistent tenor a

Against a backdrop of industry-wide falling deposit rates, smaller banks show divergent deposit pricing: some have raised deposit rates while others have cut mid‑to‑long‑term fixed deposits, with isolated term‑rate inversions and inconsistent tenor adjustments within the same banks. Zeng Gang, head of Tianfu Liyan Financial Research Institute, says these are largely stage‑specific, structural liability‑management moves and do not indicate a broad deposit‑rate hiking cycle. He expects deposit rates overall are most likely to remain on a steady‑to‑lower path, with greater cross‑institution and cross‑tenor dispersion; competition will shift from pure rate battles toward improving client service, expanding settlement balances, optimizing product mix and lowering aggregate funding costs.
2026-09-23

Pakistan air defenses shot down eight drones: four near Torkham and four in the mountainous border area near Kohat.

Pakistan air defenses shot down eight drones: four near Torkham and four in the mountainous border area near Kohat.
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