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  • NEW YORK, June 29- To restructure government debt Puerto Rico will need to reach a negotiated settlement with creditors or modify its constitution, a long and complicated undertaking that may not succeed. "If they go to any holders of debt and say do you want to swap this for that, that doesn't necessarily imply any changes," said Charles Blitzer, who advises funds on...

  • NEW YORK, June 29- Puerto Rico is "insolvent" and will soon run out of cash, according to a newly appointed adviser to the commonwealth who was the judge who oversaw the historic bankruptcy of Detroit. The U.S. territory's future hinges on gaining eligibility for debt restructuring under the U.S. bankruptcy code, a process it does not currently have access to, said...

  • NEW YORK, June 29- Jeffrey Gundlach, the widely followed investor who oversees DoubleLine Capital, told Reuters on Monday his firm had purchased "lots of Treasuries and Ginnie Maes" on Friday, ahead of the latest developments in the Greek and Puerto Rico crises. "The risk-reward set-up was favorable," Gundlach said. "The 30- year Treasury went to a new high yield and no...

  • *Hopes remain of debt deal between Greece, creditors. Treasuries market rallied on Monday, with yields falling to one-week lows, as a breakdown in talks between Greece and its creditors stoked bets Athens would default on its debt, an outcome some traders fear may impact markets worldwide. Still, hopes remained that the debt-laden euro zone nation, European...

  • NEW YORK— Shares of bond insurers tumbled Monday after Puerto Rico's governor said the U.S. territory had little hope of paying its $72 billion debt. Puerto Rico's bonds are popular with U.S. mutual funds because they are tax-free, but hedge funds and distressed-debt buyers began stepping in to buy up debt as the island's economy worsened and its credit rating...

  • ATHENS, Greece— S&P cuts Greece's credit rating further into junk status, sees 50 pct chance of exit from euro.

  • *Hopes linger of debt deal between Greece, creditors. Treasury yields fell to one-week lows on Monday as a breakdown in negotiations between Greece and its creditors stoked bets Athens would default on its debt, a move some traders fear could impact financial markets worldwide. Hopes remained that the debt-laden euro zone nation, European officials and...

  • June 29- U.S. stock index futures fell around 1 percent on Monday as fears that Greece could be the first country to exit the euro zone intensified after bailout talks with lenders broke down over the weekend. *Greece faces defaulting on 1.6 billion euros of loans from the International Monetary Fund on Tuesday. *The impending default on IMF loans leaves Greece...

  • LONDON, June 29- Investors sold Greek bonds and U.S.-listed equity assets on Monday after Greece closed its banks and imposed capital controls over the weekend. The Athens stock market was closed through to July 6 as part of broader capital controls in Greece, but trading in bond markets and in U.S. markets reflected investors' alarm. National Bank of Greece's...

  • LONDON, June 29- European shares sank almost 4 percent and government bond yields in Italy, Spain and Portugal jumped on Monday as investors priced in a growing risk that Greece will be the first country to leave the euro. Drops in bank shares and a 30 basis point rise in the cost of borrowing for other southern European euro zone members was the start of an acid test...

  • TOKYO, June 29- Japanese government bond prices rose on Monday on fears of a Greek default plus a sharp slide by Tokyo's Nikkei average, although the gains were modest. Treasury counterpart, which saw its yield drop about 15 basis points during the Asian trading session amid increasing risk of Greece leaving its debt unpaid and exiting the euro zone.

  • NEW YORK, June 29- A report by former International Monetary Fund staffers commissioned by Puerto Rico's government is proposing a tough economic adjustment plan for the indebted U.S. territory and its creditors. *Puerto Rico's debt service is unsustainable and it suggests that debt relief could take the form of a voluntary exchange of old bonds for new ones...

  • LONDON, June 29- Greek bond yields were set to rise by up to 10 percentage points according to early pricing on financial platforms on Monday as the country closed its banks and imposed capital controls, raising investor fears it will leave exit the euro. Greece's two-year bond yields were set to open over 1000 basis points higher at 31.71 percent, according to...

  • SAN JUAN, Puerto Rico— International economists released a critical report on Puerto Rico's economy Monday on the heels of the governor's warning that the island can't pay its $72 billion public debt. Alejandro Garcia Padilla delivered late Sunday was another jolt to the recession-gripped U.S. island, as well as a world financial system already worrying over...

  • SHANGHAI, June 29- China stocks jumped more than 2 percent on Monday after a surprise weekend cut in interest rates and bank reserve ratios by the People's Bank of China. China CSI300 stock index futures for July rose 1.7 percent, to 4,319.2, still 127.64 points below the current value of the underlying index. Hong Kong's Hang Seng index dropped 0.4 percent, to...

  • 10-Year U.S. Treasury yield drops 17 basis points Sunday, 28 Jun 2015 | 8:00 PM ET

    TOKYO, June 29- The benchmark U.S. Treasury yield dropped 17 basis points in early Asian trade on Monday as Greece staggered closer to defaulting on its debt repayment and Athens imposed capital controls on its banks. The yield on the U.S. 10- year note was last at 2.309 percent, compared with its U.S. close of 2.476 percent on Friday.

  • June 28- U.S. equity futures dropped sharply and bond futures rallied at the beginning of trading on Sunday as the chances increased that Greece would default on its debt and exit the euro zone. Greece said it would introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and people...

  • TOKYO, June 29- U.S. stock futures and the euro fell almost two percent in early Asian trade on Monday as Greece looks set to default on its debt repayment this week and Athens is forced imposed capital control to halt bank runs. A cash-strapped Greece looks certain to miss its debt repayment on Tuesday as Greece's European partners shut the door on extending a...

  • June 28- U.S. equity futures dropped sharply and bond futures rallied at the beginning of trading Sunday, as the chances that Greece will default on its debt and exit the euro zone grew. Greece will introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and savers queued to withdraw...

  • June 28- Puerto Rico is set to release a key report by former IMF economists on its financial stability on Monday, officials said Sunday, which could point toward a fix for the island but has the potential to rattle bond prices if its predictions are pessimistic. Puerto Rico, struggling with a $73 billion debt load and faltering economy, is facing crunch time this...