*Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.» Read More
*Two-year, three-year note yields highest in three years. *Solid GDP data sparks strong sell-off. NEW YORK, July 30- U.S.
July 30- Franklin Resources Inc said on Wednesday investors withdrew $400 million from its municipal bond funds in the latest quarter, a trend that may continue in the short term on worries over Puerto Rico's chronic fiscal woes.
BUENOS AIRES, Argentina— In 2001, it was ground zero for Argentina's financial earthquake. It was no matter that Gurof lost his life savings in 2001, when Argentina stopped payment on more than $90 billion in bonds.
*Tuesday's talks were first between hedge funds and Argentina. BUENOS AIRES/ NEW YORK, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.
US TREASURY YIELDS HOLD AT SESSION HIGHS AFTER FED STATEMENT.
US BENCHMARK 10- YEAR TREASURIES YIELDS RISE TO 2.55 PERCENT, HIGHEST SINCE JULY 16.
US TREASURIES YIELDS RISE TO SESSION HIGHS AFTER SEVEN-YEAR AUCTION, BEFORE FED STATEMENT.
July 30- Franklin Resources Inc said on Wednesday investors withdrew $400 million from its Templeton municipal bond funds in the latest quarter, a trend that may continue in the short term on worries over Puerto Rico's chronic fiscal woes.
In return, the court would allow Argentina to make a $539 million interest payment to other bondholders before midnight, which would allow the country to avoid default. With no deal by late Wednesday, the outlook for Argentina darkened. S&P noted that it could revise the rating if Argentina were to find some way to make the payments.
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.