Syncora, which insures some of the city's bonds and interest-rate swaps, appealed an Aug. 28, 2013 ruling by U.S. Syncora's attorney, James H.M. Sprayregen at law firm Kirkland& Ellis LLP, said an appeal will be filed with the U.S. Sixth Circuit Court of Appeals.» Read More
TOKYO, July 11- Japanese government bonds were steady in quiet trading on Friday, supported by the Bank of Japan's buying operations. Finance Minister Taro Aso said earlier on Friday that Japan's long-term interest rates are abnormally low, with the benchmark 10- year bond yield now trading at a 15- month low, reflecting global low interest rates.
BUENOS AIRES, July 10- Argentina said a team of technocrats, and not its economy minister, would attend a meeting in New York with a court-appointed mediator on Friday, as it seeks to resolve a dispute with holdout investors over its sovereign debt.
SAN JUAN, Puerto Rico July 10- Puerto Rico's top finance officials said on Thursday that the U.S. commonwealth will step up efforts to explain a new restructuring law to investors after a series of ratings downgrades and a rout in the island's bonds effectively shut it out of markets.
NEW YORK, July 10- Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co, slightly reduced his holdings of U.S.
Total U.S. money market mutual fund assets rose $5.37 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds rose $1.78 billion to $894.66 billion, the Washington- based mutual fund trade group said Thursday.
NEW YORK, July 10- Investors added more than $19 billion in new cash to U.S.-based stock and money market funds in the latest week as the second-quarter earnings season kicked off, data from Thomson Reuters' Lipper service showed on Thursday.
*Relatively weak auction of $13 billion of 30- year bonds. Treasuries prices rose on Thursday, with benchmark yields falling to their lowest in five weeks as investors scrambled for low-risk bonds on worries that problems involving Portugal's biggest listed bank may rekindle the region's financial woes.
LONDON, July 10- Concern about the health of a parent company of Portugal's largest bank hurt bonds from the euro zone's periphery on Thursday, curbing demand at Greece's second debt sale following its 2012 default.
BOSTON, July 10- Fidelity Investments, the No. 2 U.S. mutual fund company, told employees this week it will cut about 460 jobs, or 1 percent of its workforce, at its printing and mailing operations in Kentucky and Texas.
*Portugal's worries about BES group have regional reverberations. LONDON, July 10- Concern about the health of a parent company of Portugal's largest bank hurt bonds from the euro zone's periphery on Thursday, curbing demand at Greece's second debt sale following its 2012 default.
*U.S. to auction $13 billion of 30- year bonds. Treasuries prices rose on Thursday, with benchmark yields falling to their lowest in five weeks as investors scrambled for low-risk bonds on worries that problems around Portugal's biggest listed bank may rekindle the region's financial woes.
US stock futures sink ahead of the opening bell; Portugal worries rattle world markets Applications for US unemployment benefits fall to 304,000, close to a 7- year low Global stocks mixed after China's export growth, Fed minutes; Indonesia up after election In Beijing, Kerry, Lew talk cyberhacking with Chinese officials amid new allegations Stigma versus green allure: Nuke professionals at Japan's Fukushima utility quit in droves Family Dollar hindered by restructuring charge in 3 Q, revenue tops analysts' estimates Boeing raises forecast for new aircraft demand, single-aisle planes lead the growth projection US wholesale sales likely rose at solid pace in May, economists forecast As global economy recovers, corporate deal values reach highest level since 2007 Costco sales at stores open at least a year up 6 percent, beat analysts' expectations
ATHENS, Greece— Greece has raised 1.5 billion euros in an auction of three-year bonds, its second debt issue in three months after a long absence from the international markets. The finance ministry said Thursday it had accepted 1.5 billion euros of the 3 billion euros offered by investors, and that the yield had been set at 3.5 percent.
*Portuguese, Italian markets slide, weigh on Europe. NEW YORK, July 10- U.S. stock index futures fell sharply on Thursday as European shares tumbled on growth concerns after weak data out of Italy and concern over the health of Portugal's top listed bank.
TOKYO, July 10- Japanese government bond prices were softer on Thursday, following weak results of a 30- year JGB auction, the first auction of that maturity after the Bank of Japan reduced buying in them last month. The results of the 700 billion yen, 30- year JGB auction were weaker than expected, as the lowest accepted price fell short of market expectations.
HONG KONG, July 10- As China hurries to extend the yuan's footprint beyond Hong Kong, it is also quickly opening up its domestic capital markets to foreign investors hungry for yield.
NEW YORK, July 9- U.S. This week's $61 billion in fixed-rate note supply will conclude with a $13 billion auction of 30- year bonds. "We need the Fed to change its tune on its monetary policy outlook in order for interest rates to go up," said Michael Materasso, co-chairman of the fixed income policy committee at Franklin Templeton in New York.
*Athens says 3- year bond to be issued soon. ATHENS/ LONDON, July 9- Greece said on Wednesday it has hired banks for a new three-year euro bond, the aid-reliant nation's second debt sale since returning to financial markets in April.
NEW YORK, July 9- U.S. "It's a tug-of-war between the lift-off date and reacting to Europe and asset allocation," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York.
ATHENS, July 9- Greece will start taking orders from investors for a three-year bond later on Wednesday or on Thursday, two sources with knowledge of the matter told Reuters. A Greek official told Reuters in June that Athens was considering a sale before August of a bond with a maturity of three or seven years to raise 2 billion to 3 billion euros.