Daily Archive: May 25, 2020

New Zealand eases coronavirus curbs on public gatherings By Reuters

© Reuters. FILE PHOTO: New Zealand eases regulations implemented to curb the spread of coronavirus disease in Auckland

WELLINGTON (Reuters) – New Zealand is easing back curbs on the size of gatherings to 100 people from 10, as it relaxes measures to limit the spread of the coronavirus, Prime Minister Jacinda Ardern said on Monday.

Authorities will reconsider the nation’s alert setting, now at level 2, on June 8, with a move to level 1 to be considered no later than June 22, Ardern told a news conference following a cabinet meeting.

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UK sells first government bond with a negative yield

LONDON, May 20 (Reuters) — Britain sold a government bond that pays a negative yield for the first time on Wednesday – meaning that Britain’s government is effectively being paid to borrow as investors agreed to be paid back slightly less than they lent.

The bond, which matures in July 2023, sold at an average yield of -0.003%.

While investors will receive an annual interest payment of 0.75%, they paid above face value for the bond so the actual return in cash terms is less than they have lent.

Demand for the bond was low by recent standards, with investors bidding for just over twice the 3.75 billion pounds ($4.59 billion) on offer.

The last time a bid-to-cover ratio was below Wednesday’s 2.15 was on March 19, before the BoE announced it would buy an extra 200 billion pounds of assets, mostly government bonds, to support the economy through the

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Memorial Day weekend 2020: Why these Wall Street analysts want to know what you’re grilling at your MDW BBQ

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