India’s swap markets are signaling a more aggressive shift toward interest-rate increases as oil prices surge, pointing to prospects for further gains in bond yields. Traders are currently pricing in about 100 basis points of rate hikes over the next year, up from less than half a percentage point just before the Iran war broke out, according to Nomura Holdings Inc. The shift undercuts the Reserve...
India’s swap markets are signaling a more aggressive shift toward interest-rate increases as oil prices surge, pointing to prospects for further gains in bond yields. Traders are currently pricing in about 100 basis points of rate hikes over the next year, up from less than half a percentage point just before the Iran war broke out, according to Nomura Holdings Inc. The shift undercuts the Reserve Bank of India’s view published early March that rates would stay lower for longer. It also reflects a broader global trend , as energy supply shocks from the conflict push traders to price in the likelihood of higher borrowing costs, lifting bond yields around the world. “The war is very inflationary globally and for India, and can spread beyond energy into all aspects of the CPI basket,” said Nathan Sribalasundaram , a rates strategist at Nomura. “Currency risks are building and we can’t fade the swap pricing. We have a paid OIS view.” Overnight indexed swaps have surged, with the five-year up over 50 basis points this month to the highest since 2024, according to data compiled by Bloomberg. Bond yields have risen less as the central bank supported the market through secondary market buying. India’s 10-year yield rose as much as 10 basis points to 6.84% Monday, the highest since January last year. As recently as March 2, RBI Governor Sanjay Malhotra told The Economic Times in an interview conducted before the joint US-Israel strikes on Iran that India’s policy rates would likely remain around current levels for an extended period and could even trend lower. The RBI’s next rate decision is due on April 8. “The lower-for-longer narrative was contingent upon the absence of any major shocks,” said Suyash Choudhary , chief investment officer for fixed income at Bandhan AMC Ltd. The longer the commodity shock persists, the greater the pressure on inflation and the current account. “Given that context, the market seems right to price in rate hikes over the next one year.” India ...
现货金下跌6%至每盎司4，214.89美元，为12月11日来最低水平。 大华全球经济与市场研究部的Quek Ser Leang在一份报告中称，根据技术分析，黄金巨大的周跌幅及其跌破关键支撑位的走势预示着金价可能进一步走软。这位高级技术策略师指出，上周，该大宗商品创下1983年以来最大单周跌幅。今日金价还跌破了每盎司4，381美元至4，403美元的支撑区间。该策略师称，此外，周线MACD指标已深入负...
现货金下跌6%至每盎司4，214.89美元，为12月11日来最低水平。 大华全球经济与市场研究部的Quek Ser Leang在一份报告中称，根据技术分析，黄金巨大的周跌幅及其跌破关键支撑位的走势预示着金价可能进一步走软。这位高级技术策略师指出，上周，该大宗商品创下1983年以来最大单周跌幅。今日金价还跌破了每盎司4，381美元至4，403美元的支撑区间。该策略师称，此外，周线MACD指标已深入负值区域，下一个周线支撑位在每盎司4，004美元。 责任编辑：王永生
An arson attack on four ambulances belonging to a Jewish Community Ambulance service in north London is being treated as an "antisemitic hate crime", the Metropolitan Police has said. Four Hatzola ambulances were found on fire after the London Fire Brigade were called to Highfield Road in Golders Green at around 01:40 GMT. Footage from the scene shows several suspects approaching an ambulance befo...
An arson attack on four ambulances belonging to a Jewish Community Ambulance service in north London is being treated as an "antisemitic hate crime", the Metropolitan Police has said. Four Hatzola ambulances were found on fire after the London Fire Brigade were called to Highfield Road in Golders Green at around 01:40 GMT. Footage from the scene shows several suspects approaching an ambulance before it is engulfed in flames, while another video shows a large fire and an explosion. No one was injured and all fires have now been put out, police said.
Alexyz3d/iStock via Getty Images Introduction The emergence of critical infrastructure located underwater, such as fiber-optic cables, energy pipelines, and offshore power cables, has created a new dimension of warfare, creating a need for advanced undersea defense capabilities. Further abetting the case for more advanced undersea defense capabilities is the 2026 Iran War, which is being waged ove...
Alexyz3d/iStock via Getty Images Introduction The emergence of critical infrastructure located underwater, such as fiber-optic cables, energy pipelines, and offshore power cables, has created a new dimension of warfare, creating a need for advanced undersea defense capabilities. Further abetting the case for more advanced undersea defense capabilities is the 2026 Iran War, which is being waged over the economic importance of the Strait of Hormuz. I am initiating coverage on Kraken Robotics ( KRKNF ) with a Strong Buy rating. I believe that KRKNF is a compelling investment opportunity for those looking to capitalize on their strong technological leadership in the undersea defense technology sector, early exposure to Anduril, and the significant shift in this defense market backdrop. Furthermore, KRKNF provides solutions beyond their positioning in defense, overlooked by many investors. Market Backdrop New York Times Infrastructure located underwater has become a target for sabotage. This is particularly evident when looking at the Nord Stream 1 and Nord Stream 2 pipelines' sabotage . This sabotage showcases how vulnerable key infrastructure located underwater really is. Beyond just underwater gas pipelines, much of the world's internet infrastructure is located underwater as well. For instance, the C-Lion1 and BCS East-West Interlink cables located in the Baltic Sea were severed. More than 95% of international data is carried by fiber-optic cables. Monetary damages involving undersea infrastructure are also incredibly high. The costs of repairing and replacing lost gas from the Nord Stream pipelines were estimated to be between $1.39 billion and $1.56 billion. Furthermore, the International Cable Protection Committee (ICPC) legal advisor estimates that disruptions to undersea fiber-optic cables indirectly cost $1.5 million per hour. Consequently, this has led to significant allocations of defense spending towards technology that can mitigate damage to undersea infras...
Cathie Wood, CEO and CIO of Ark Investment Management, joins Merryn Somerset Webb to make the bullish case for the next era of innovation. From AI, robotaxis and CRISPR to bitcoin, Tesla and SpaceX, she lays out the technologies she believes will drive faster growth, lower costs and major market disruption. (Source: Bloomberg)
Cathie Wood, CEO and CIO of Ark Investment Management, joins Merryn Somerset Webb to make the bullish case for the next era of innovation. From AI, robotaxis and CRISPR to bitcoin, Tesla and SpaceX, she lays out the technologies she believes will drive faster growth, lower costs and major market disruption. (Source: Bloomberg)
The stolen gold bars recovered by the police. Hong Kong has been hit by another massive gold theft, following a 65-kilogram heist in September 2025. On the afternoon of March 20, 73 kilograms of gold bars worth approximately 93 million Hong Kong dollars ($11.9 million) were stolen in broad daylight from an office building at Peninsula Square in Hung Hom. Hong Kong police swiftly cracked the case, ...
The stolen gold bars recovered by the police. Hong Kong has been hit by another massive gold theft, following a 65-kilogram heist in September 2025. On the afternoon of March 20, 73 kilograms of gold bars worth approximately 93 million Hong Kong dollars ($11.9 million) were stolen in broad daylight from an office building at Peninsula Square in Hung Hom. Hong Kong police swiftly cracked the case, arresting five suspects — both men and women — that same evening and successfully recovering all the stolen gold.
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Benoit Tessier | Reuters Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC's Daily Open. I don't know about you, but I have foun...
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Benoit Tessier | Reuters Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC's Daily Open. I don't know about you, but I have found that ultimatums rarely work. But President Donald Trump's decision to issues Tehran with a deadline (which runs until 19:55 eastern time tonight) to reopen the Strait of Hormuz could mark a turning point in the conflict. Good or bad. The markets don't quite know what to make of it, with certain stocks markets selling off, while oil surged before turning negative. What you need to know today U.S. President Donald Trump on Saturday delivered a stark ultimatum to Iran, threatening to "obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours. Iran responded by warning it would target U.S. infrastructure in the Gulf, including energy and desalination facilities, if Washington carried out its threat. Iran's speaker of the Parliament also warned that financial entities supporting the U.S. military budget were legitimate targets, and that buyers of U.S. Treasury bonds were purchasing "a strike on your HQ and assets." It makes for a confusing trading environment. Stocks in Japan and South Korea led declines in Asia, while futures in both Europe and the U.S. are quietly accelerating declines. Meanwhile, oil prices seesawed during the early part of Monday's trading session. Later today, British Prime Minister Keir Starmer will chair an emergency meeting with Chancellor of the Exchequer Rachel Reeves and Bank of England Governor Andrew Bailey to discuss the economic fallout of the war in Iran. This follows a call between Starmer and Trump where they discussed the importance of reopening the Strait of Hormuz. In other news, an Air Canada pla...
hirun/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Invesco S&P 500 Equal Weight Income Advantage ETF ( RSPA ) is a newer fund that focuses on a more balanced approach within its portfolio. The fund replicates the entire S&P 500 Equal Weight Index, holding all 500 names. The fund then replicates a call-writing overlay strategy. However, they don't actually w...
hirun/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Invesco S&P 500 Equal Weight Income Advantage ETF ( RSPA ) is a newer fund that focuses on a more balanced approach within its portfolio. The fund replicates the entire S&P 500 Equal Weight Index, holding all 500 names. The fund then replicates a call-writing overlay strategy. However, they don't actually write the options themselves; instead, they utilize equity-linked notes (ELNs). With these come some unique differences from some of its call-writing peers. Unfortunately, some of these are downsides rather than positives, in my opinion. That makes RSPA quite an interesting fund for an income investor seeking more diversified exposure relative to the S&P 500 Index call writing funds with heavy concentrations in technology stocks. Though with the downsides of ELNs, I'd be less enthusiastic. RSPA Basics Dividend Frequency: Monthly Dividend Yield: 9.19% SEC yield, 8.99% TTM Distribution Yield Expense Ratio: 0.29% Leverage: N/A Managed Assets: $664.98 million Structure: Active ETF RSPA's investment strategy and approach "seeks to provide investors exposure to the S&P 500 Equal Weight Index combined with an active option income overlay for income generation, downside protection, and upside participation." RSPA's Strategy For the fund's overall approach , it is fairly simple. They take the S&P 500 Index and allocate an equal weighting to all ~500 tickers. The portfolio is rebalanced each quarter. That leads to a very balanced approach in terms of allocations, with a total of 525 holdings. Some of these will be cash and their ELN positions, with 503 constituents in the index at the end of Dec. 31, 2025. The top 10 is fairly irrelevant because the allocations are so similar. On the other hand, it can also show us the top-performing S&P 500 Index names in the latest quarter, in which holding has shown sizeable allocation increases. RSPA Top Ten Holdings (Invesco) Where the fund gets ...