The company has hired little-known, Miami- based financial services firm CP Capital to structure 3- year notes with a one-year grace period that will have the same status as PDVSA's global bonds, according to documents obtained by Reuters. "CP Capital has been hired to advise PDVSA on the exchange of commercial invoices for financial debt with a minimum amount... » Read More
Treasury prices rose after a report that employers created far fewer jobs than expected in December stoked recession worries.
U.S. Treasuries rose Friday, sending short-dated yields to three-year lows as grim jobs data prompted investors to increase bets on Federal Reserve interest rate cuts.
U.S. Treasury debt prices fell Thursday as unexpectedly firm data and signs of improvement in recently troubled credit markets dimmed the allure of safe-haven government bonds.
U.S. Treasurys rallied Wednesday as investors raised their bets on the likelihood of recession and interest rate cuts after a survey showed the manufacturing sector contracted in December.
U.S. government bond prices pared gains Monday after a higher-than-expected reading on November existing home sales.
Treasurys stormed higher Friday, sending yields to one-week lows as surprisingly grim housing data highlighted concerns that the economy was mired in a slump as 2007 drew near its close.
Warren Buffett's Berkshire Hathaway is starting a bond insurer that would help state and local governments lower their borrowing costs, posing a direct challenge to established rivals struggling with deteriorating credit markets.
U.S. government bond prices extended gains on Thursday after a weaker-than-expected eading on November durable goods orders and a jump in new jobless claims.
U.S. Treasurys fell Wednesday in choppy, post-Christmas trading with benchmark yields at their highest levels since mid-November, prompted by a recovery in stocks and a poor two-year note auction.
Treasurys slid in a shortened, pre-holiday session, as easier credit conditions and news that Merrill Lynch had raised billions of dollars in a private placement pushed stocks up, drawing investors away from safe-haven U.S. government debt.
U.S. Treasuries rose on Wednesday after Standard & Poor's offered a grim assessment of bond insurers, reviving the credit concerns that have kept government bonds well bid for several months.
The difference between short- and long-term U.S. Treasury yields narrowed Tuesday as central bank efforts to alleviate liquidity shortages removed some of the impetus to buy safe-haven short-term debt.
U.S. Treasury debt prices rose Monday as weak economic data and slumping stock markets boosted demand for safe-haven government bonds.
U.S. Treasurys surged Tuesday, fueled largely by a sell off in stocks after the Federal Reserve cut benchmark lending rates by a quarter percentage point, disappointing equity investors who had hoped for a larger move.
U.S. Treasury debt prices eased Monday after a surprise increase in pending home sales and news that a troubled bond insurer raised new capital removed some of the recent flight-to-safety bid.
U.S. government debt prices fell Friday after government data showed resilience in the U.S. jobs market, scaling back expectations of an aggressive interest rate cut by the Federal Reserve next week.
U.S. Treasury debt prices tumbled on Thursday as stocks rose on optimism surrounding a mortgage rescue plan and investors worried jobs data might deter more aggressive interest rate-cutting by the Federal Reserve.
U.S. Treasury debt erased losses Wednesday, after rating agency Moody's said risks were rising that bond insurer MBIA and others in the industry would run into financial trouble.
Treasurys retreated as investors decided the market had gone too far too fast even given the growing prospect of further interest rate cuts from the Federal Reserve.
U.S. Treasurys advanced Monday as safe-haven buying intensified on worries about subprime mortgage losses and write-downs, but gains were capped after data showed the factory sector was still expanding.