LONDON, Oct 2- Energy-rich Kazakhstan, gearing up for its first Eurobond in over a decade, is seeing its appeal dimmed by falling oil prices and the crisis in nearby Russia, potentially forcing it to give investors a slightly higher yield premium than expected. Fund managers, some of whom attended the presentation in London, said Kazakhstan was keen on a...» Read More
WASHINGTON, Oct 1- The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator said on Wednesday. "Everybody knows that this is a cliff that is coming," said Securities and Exchange Commission Republican member Daniel Gallagher, in...
*Weak Asia, Europe data adds bid for German, U.S. debt. NEW YORK, Oct 1- U.S. Treasuries prices rose on Wednesday after U.S. manufacturing growth unexpectedly slowed, adding to earlier gains seen after worsening factory activity in Europe and Asia increased concerns about faltering global growth.
BOSTON, Oct 1- Vanguard Group's global bond chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co..
BOSTON, Oct 1- Vanguard Group's global fixed income chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co..
NEW YORK— Burned by the stock-market crash during the financial crisis, investors have poured a trillion dollars into bond funds in the past six years. They like the interest payments that bonds throw off, and that their prices barely move day to day. BIG INVESTORS RETREAT: The biggest owners in many bond sectors are small Main Street investors.
CONTROLS TIGHTENED AT FUNDS INCLUDING AT $121 BLN VANGUARD TOTAL BOND MARKET FUND, VANGUARD BOND CHIEF GREG DAVIS SAYS.
NEW YORK— A bottleneck is building in the global market for bonds. Main Street investors have poured a trillion dollars into bonds since the financial crisis, and helped send prices soaring. BlackRock, the world's largest fund manager, is suggesting regulators consider new fees for investors pulling out of funds.
NEW YORK, Oct 1- Investors in U.S.-based mutual funds committed a net $831 million to bond funds in the week ended Sept. 24 on continued appetite for tax-free municipal debt, data from the Investment Company Institute showed on Wednesday. "This is just a yield-chasing play," said David Keeble, global head of fixed income strategy at Credit Agricole in New York.
*Weak Asia, Europe data adds bid for German, US debt. NEW YORK, Oct 1- U.S. Treasuries prices rose on Wednesday after U.S. manufacturing growth unexpectedly slowed, adding to earlier concerns about faltering global growth after Europe and Asia saw worsening factory activity.
US 10- YEAR TREASURY NOTES EXTEND RALLY, YIELDS FALL TO 2.42 PERCENT.
US 30- YEAR TREASURY BONDS EXTEND PRICE GAINS TO A FULL POINT, YIELDS DROP TO 3.14 PERCENT.
NEW YORK, Oct 1- U.S. Treasuries rallied on Wednesday as Germany sold new bonds at record low yields, after weak factory data in Europe and Asia increased concerns about slowing global growth.
US TREASURY YIELDS FALL, 10- YEAR NOTE YIELDS DROP TO 2.45 PERCENT, LOWEST SINCE SEPT 8.
US TREASURIES STEADY AFTER ADP, 10- YEAR NOTES YIELD 2.48 PERCENT.
UKRAINIAN PM YATSENIUK SAYS GOVERNMENT HAS BEGUN PROCEDURE TO REPAY NAFTOGAZ EUROBOND OF $1.67 BILLION, ADDS THAT "WHOLE AMOUNT" WILL BE PAID.
TOKYO, Oct 1- Japanese government bond prices were mixed on Wednesday ahead of the next session's 10- year auction, with superlong JGBs extending losses. Contrary to some market participants' expectations, the Bank of Japan did not offer to buy any superlong JGBs under its massive JGB purchase program.
BUENOS AIRES, Sept 30- Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its debt obligations.
Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday in defiance of U.S. District Judge Thomas P. Griesa, who found Argentina in contempt on Monday.
WASHINGTON, Sept 30- Policies pursued by the U.S. Treasury Secretary Lawrence Summers argued that the two agencies should break down the traditional barrier set between them to better coordinate the Treasury's management of public debt with the Fed's management of monetary policy.
NEW YORK— With Bill Gross' surprise departure from Pimco, 45- year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm. Gross co-founded Pimco in 1971 and ran the firm for four decades, turning the company's flagship product, the Total Return Fund, into a $221 billion behemoth.