US yields rise modestly after solid services sector data

US ISM services sector data shows prices paid at two-year high US yield curve steepens post-ISM services data Treasury’s three-year note sale comes in better than expected Bessent says 17 trading partners have very good proposals (Adds comment, Bessent remarks, results of three-year note auction, graphic; updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, May 5…

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Starlink, Kuiper, other satcom firms told to meet 20% local manufacturing target

Satellite internet services providers such as Starlink, Amazon’s Kuiper, Eutelsat OneWeb, and Jio will have to submit a yearly plan to the government showing how they will gradually increase local manufacturing of ground segments of their satellite network in the country, according to new guidelines by the department of telecommunications (DoT) on Monday. The government…

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