Securities Credit Derivatives

  • CARACAS, Sept 19- Credit ratings agency Standard& Poors on Monday said Venezuelan state oil company PDVSA's proposed bond swap was a "distressed exchange" that would be "tantamount to default" if completed, a blow to the cash-strapped firm's effort to seek a financial lifeline. The announcement will likely further fuel skepticism about the plan to ease PDVSA's...

  • MEXICO CITY/ CARACAS, Sept 13- Venezuela's state oil company PDVSA on Tuesday proposed a bond swap for $7 billion in outstanding debt to lower the financial burden on the cash-strapped company, which is at the center of the OPEC nation's unraveling socialist economy. But investors may remain skeptical that the proposal does not address underlying problems...

  • MEXICO CITY/ CARACAS, Sept 13- Venezuelan state oil company PDVSA is preparing a bond swap proposal to be announced shortly, sources told Reuters on Tuesday, potentially providing financial relief to a cash-strapped firm at the center of a struggling socialist economy. That could help President Nicolas Maduro's government ease chronic shortages across the...

  • Stifel, the SEC and Noack's lawyer did not immediately respond to requests for comment. The SEC sued Stifel and Noack in 2011, saying they misled five Wisconsin school districts about the risks of investing in synthetic collateralized debt obligations, which are tied to mortgage-backed securities or credit default swaps and were at the heart of the...

  • TOKYO, Aug 25- Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction. September 10- year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.

  • SHANGHAI, Aug 23- China bond futures posted their sharpest fall in three months on Tuesday as the prospect of more liquidity injections by the central bank into the financial system reduced expectations of more aggressive policy easing. Traders said the People's Bank of China asked banks about demand for 14- day reverse bond repurchase agreements for the...

  • TOKYO, Aug 16- Japanese government bond futures edged up on Tuesday as Tokyo stocks slipped on a stronger yen and enhanced the appeal of safe-haven debt. The 10- year September JGB futures were up 0.09 point at 151.44. The futures initially slipped to 151.28 following an overnight fall by U.S.

  • TOKYO, Aug 16- Japanese government bond futures edged up on Tuesday as Tokyo stocks slipped on a stronger yen and enhanced the appeal of safe-haven debt. The 10- year September JGB futures were up 0.09 point at 151.44. The futures initially slipped to 151.28 following an overnight fall by U.S.

  • Look at Apple derivative plays: Analyst

    Neil Campling, global TMT analyst at Aviate Global, says the best way to play on Apple is to look at related stocks.

  • The world’s biggest banks have agreed to tear up the rule book on derivatives to make it easier to resolve a future failing firm like Lehman Brothers.

  • Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Richmond Fed's Jeffrey Lacker said that his dissent from the central bank's exit strategy stemmed from its mortgage-backed securities plan.

  • Warren Buffett called derivatives “financial weapons of mass destruction”

    Warren Buffett famously referred to derivatives as "financial weapons of mass destruction," but unless we accept that residential mortgages are too, the phrase glorifies them into something they are not.

  • Clever finance critters are fleeing from swaps to futures, escaping the new regulatory regime that was a center-piece of Dodd-Frank.

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    After the unveiling of Libor rate-rigging practices among banks, eyes are turning to other markets, worrying that the manipulation would not be limited to Libor rates, the New York Times reports.

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    Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.

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    Conflicting signs are emerging in Washington over whether JPMorgan Chase’s surprise trading loss will spur tighter regulation on Wall Street, The New York Times reports.

  • JP Morgan Chase headquarters

    JPMorgan’s next move depends on what happens in the credit markets. If investors become fearful about companies’ prospects , JPMorgan’s bet could face even bigger losses, The New York Times reports.

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    The triggering of insurance payments on Greek sovereign debt should be a "non-issue" for the markets, as they will happen in an orderly fashion, a representative of the International Swaps and Derivatives Association (ISDA) told CNBC on Monday.

  • Greek Parliament

    The financial system could face a test this week as industry officials debate a provision of the Greek bailout, the New York Times reports.

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    Interest rate swaps are derivative instruments commonly used by sophisticated investors to allow cash flows on interest-earning securities or loans to be exchanged. CNBC explains.