HARRISBURG, Pa.-- Pennsylvania's debt-laden capital city will have a new mayor next year, but he could have little role in sorting out the pressing financial problems that dragged Harrisburg to the brink of bankruptcy after an unprecedented takeover by the state.
The city settled without admitting or denying the SEC allegations. Because the city loaned proceeds from the first offering to a private developer and restructured a lease agreement related to the parking structure before the second sale, it put the tax-exempt status of both bond deals in jeopardy, the SEC said.
NEW YORK, May 22- U.S. Treasury yields on the benchmark 10- year note rose above the key two percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman Ben Bernanke added to bond investor fears that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
*Fed buys up to $1.75 bln in long-dated Treasuries. NEW YORK, May 22- Treasury debt prices fell on Wednesday with benchmark yields briefly rising above 2 percent as Federal Reserve Chairman Ben Bernanke kept alive market worries that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
NEW YORK, May 22- The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.
*Investors to focus on Bernanke's remarks before Congress. NEW YORK, May 22- U.S. Treasuries prices were little changed on Wednesday as investors awaited possible hints from Federal Reserve Chairman Ben Bernanke on whether the U.S. central bank might slow its purchases of bonds this year.
*Favourable market conditions may be temporary- Moody's.
*Saks rallies on report it is mulling sale. NEW YORK, May 22- U.S. stock index futures edged up in thin trading Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
TOKYO, May 22- The Bank of Japan vowed on Wednesday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardise the government's fight to end deflation and revive growth.
*Gold, copper gain on hopes of Fed support. LONDON, May 22- The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no tapering back of its ultra-loose monetary policy.
TOKYO, May 22- The Bank of Japan said on Wednesday it will hold a meeting with government bond market participants on May 29 to discuss recent market moves and market operations. The meeting will take place at the central bank from 4 p.m., the BOJ said in a statement.
*BOJ refrains from measures to calm bond market. TOKYO, May 22- Japanese government bonds ended almost flat on Wednesday, erasing early gains on disappointment the Bank of Japan did not act to calm jitters rooted in the bond's market rout over the past six weeks.
TOKYO, May 22- The Bank of Japan kept policy steady on Wednesday despite concerns over recent volatility in bond market, saying growth is starting to pick up even as risks loomed from an uncertain global outlook. BOJ Governor Haruhiko Kuroda will hold a news conference from 0630 GMT with his comments expected to come out any time after 0715 GMT.
TOKYO, May 22- Japanese government bonds edged up on Wednesday in line with a rise in U.S. bonds following dovish comments from Federal Reserve officials, but the Bank of Japan's looming policy meeting kept traders on edge.
TOKYO, May 22- The dollar hovered some way below last week's 4-1/ 2- year high against the Japanese currency, after being dampened by hints from two U.S.
TOKYO, May 22- The Bank of Japan may end up pursuing its massive monetary easing for up to five years before achieving inflation levels conducive to unwinding its aggressive stimulus, a Reuters poll of BOJ watchers suggests.
Terry Moore, Fixed Income Portfolio Specialist at T Rowe Price and Will Oswald of Standard Chartered discuss reasons to invest in US Treasuries.
TOKYO, May 22- The Bank of Japan is expected to stand pat on monetary policy on Wednesday despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.