US BENCHMARK 10- YEAR TREASURIES YIELDS RISE TO 2.55 PERCENT, HIGHEST SINCE JULY 16.» Read More
NEW YORK, July 30- The dollar hit 10- month highs against a basket of major currencies on Wednesday while U.S. two-year note yields surged to their highest since May 2011 after data showed surprisingly strong U.S. economic growth.
NEW YORK, July 30- Bill Gross, manager of the world's largest bond fund at Pimco, said Wednesday that income, rather than capital gains, would drive future investment returns as a result of low global economic growth. Gross's views are closely watched because his flagship Pimco Total Return Fund is the world's biggest bond fund, with $225 billion in assets.
July 30- CME Group Inc, the world's largest futures exchange operator, said on Wednesday it would buy derivatives broker GFI Group Inc to expand its reach in the European energy and global foreign exchange markets.
July 30- Franklin Resources Inc Chief Executive Gregory Johnson said Wednesday that investors made net withdrawals of $400 million from the company's Templeton municipal bond funds during the fiscal third quarter, a trend that may continue in the short term as they fret over Puerto Rico's chronic fiscal woes.
CEO JOHNSON SAYS HEADLINE RISK AROUND PUERTO RICO MAY CONTINUE TO HURT MUNI BOND FLOWS IN THE SHORT TERM.
FRANKLIN RESOURCES CEO SAYS TEMPLETON U.S.
NML, OTHER HOLDOUTS OPPOSE REQUEST FROM EURO BONDHOLDERS FOR STAY IN ARGENTINE DEBT CASE-COURT FILING.
NEW YORK, July 30- Argentina's bonds were trading sharply up on Wednesday after reports of a last-ditch effort to stave off the country's second debt default in 13 years. Economy Minister Axel Kicillof is in New York for negotiations, while local Argentine press reported the country's association of banks was also working to secure a deal.
*Two-year yields highest since May 2011. Treasuries yields rose Wednesday and two-year note yields surged to their highest since May 2011 after data showed strong U.S. economic growth in the second quarter and that the first quarter's contraction wasn't as steep as earlier estimated.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures pointed to a higher open on Wednesday after the first read on second-quarter economic growth came in much stronger than expected, overshadowing a weak report on the labor market.
US TWO-YEAR TREASURIES YIELDS INCREASE TO 0.57 PERCENT, HIGHEST SINCE MAY 2011.
Argentina faces a race against time on Wednesday as its deadline to strike a deal and avert a second default in 12 years approaches.
US TREASURIES YIELDS RISE AFTER GDP DATA, 10- YEAR NOTES YIELDS INCREASE TO 2.51 PCT.
US TREASURIES YIELDS FALL SLIGHTLY AFTER ADP JOBS DATA, 10- YEAR NOTE YIELDS DECREASE TO 2.47 PERCENT.
BUENOS AIRES, July 30- Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing either to cut a deal by the end of the day with "holdout" investors suing it or to win more time from a U.S. court to reach a settlement.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures rose on Wednesday as investors sought bargains following a period of weakness and looked ahead to data on economic growth and comments from the Federal Reserve following its latest policy meeting. *Twitter Inc surged 27 percent to $49 in heavy premarket trading.
TOKYO, July 30- Japanese government bond prices dipped on Wednesday ahead of key events in the United States, including second-quarter GDP figures and the Federal Reserve's policy meeting. The 10- year JGB futures ticked down 0.01 point to 145.98 while the 10- year cash bond yield rose 0.5 basis point to 0.525 percent.
BUENOS AIRES, July 30- Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.
NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default. If a deal is not reached, Argentina faces another default on its sovereign obligations.
ARGENTINE DEBT MEDIATOR SAYS GOVERNMENT MET WITH PRINCIPALS OF LARGE BONDHOLDERS IN FIRST FACE-TO-FACE TALKS BETWEEN THE PARTIES.