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On January 29th, the US Treasury yield curve steepened for the second consecutive trading day, primarily driven by a weaker dollar and stronger oil prices, both of which boosted inflation expectations. The 2-year/10-year Treasury yield spread widened to 67.6 basis points at one point, up from 66.6 basis points at the close on Tuesday. The yield curve exhibited a typical "bear market steepening" characteristic, where longer-term yields rise faster than shorter-term yields as investors price in the risk of renewed inflation acceleration. Gunnett Dingela, Head of US Interest Rates Strategy at BNP Paribas, stated, "Weaker dollars typically lead to longer-term yields becoming more sensitive to inflation risks. Therefore, the dollar and Treasuries often act as pressure relief valves for the combination of monetary and fiscal policies. If the combination of fiscal and monetary policies suggests that the dollar will continue to weaken, then I think the rise in long-term yields is a textbook reaction."The German DAX 30 index closed down 91.30 points, or 0.37%, at 24,816.93 on Wednesday, January 28; the UK FTSE 100 index closed down 55.50 points, or 0.54%, at 10,152.30 on Wednesday, January 28; and the French CAC 40 index closed down 86.14 points, or 1.06%, at 8,066.68 on Wednesday, January 28; European The Stoxx 50 index closed down 62.53 points, or 1.04%, at 5932.06 on Wednesday, January 28; the Spanish IBEX 35 index closed down 206.52 points, or 1.16%, at 17597.58 on Wednesday, January 28; and the Italian FTSE MIB index closed down 343.94 points, or 0.76%, at 45096.50 on Wednesday, January 28.The percentage of winning bids for the 4-month U.S. Treasury bonds auctioned as of January 28 was 45.62%, compared to 50.47% previously.The bid-to-cover ratio for the US 4-month Treasury bond auction ending January 28 was 2.92, compared to 2.99 previously.The US 4-month Treasury auction on January 28th yielded a winning bid of 3.59%, compared to 3.58% previously.

Britain should severely restrict "fire risk" e-scooters

Aria Thomas

Mar 31, 2022 10:32

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(Reuters) – LONDON – Given the amount of injuries from illicit vehicles and the fire risks posed by their batteries, Britain should impose rigorous rules on electric scooters if their legal usage is expanded beyond current government trials, insurers said on Thursday.


According to the UK government, trials of shared rental e-scooters are going place in 31 locations of England this year.


However, privately owned e-scooters are already a common sight on city streets, despite the fact that their usage is forbidden outside of private property unless the owners grants permission.


According to official records, there were 882 accidents involving e-scooters in the fiscal year ending June 2021, resulting in 931 injuries, 732 of whom were e-scooter users.


"Illegal use of e-scooters now poses a considerable danger to riders, pedestrians, and other road users," said Chris Jones, director of legal and market services at the International Underwriting Association.


"It is critical that a suitable and effective regulatory framework be implemented as soon as possible."


In a letter to Transport Minister Grant Shapps, four insurance trade organizations demanded clear criteria on e-scooter design and safety equipment, including batteries, charging, brakes, and illumination, as well as if protective equipment is necessary.


The lithium batteries in e-scooters constituted a fire danger, and their movement and storage should be controlled, according to the trade associations.


They also suggested that the authorities look at how e-scooters are parked to ensure that they do not become a safety problem.

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