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  • JPMorgan gets SEC subpoenas over mutual fund sales Wednesday, 6 May 2015 | 5:11 AM ET

    May 6- JPMorgan Chase& Co said it has received subpoenas from the U.S. Securities and Exchange Commission over how it sells its mutual funds. Other government authorities and a self-regulatory organization, apart from the SEC, are also seeking information about the bank's use of proprietary products in its wealth-management business, JPMorgan said in a...

  • ECB set to decide on increasing Greek bank lifeline Wednesday, 6 May 2015 | 5:09 AM ET

    FRANKFURT, May 6- The European Central Bank's Governing Council on Wednesday may nudge up the amount of Emergency Liquidity Assistance teetering Greek banks can borrow, as Athens struggles to avert a potentially catastrophic funding crunch. On Wednesday, Athens sells 875 million euros of six-month Treasury bills to refinance a maturing issue and a 200...

  • GLOBAL MARKETS-Bond rout rattles all assets Wednesday, 6 May 2015 | 4:55 AM ET

    LONDON, May 6- A worldwide selloff in government bonds deepened on Wednesday, with the rise in yields to their highest level this year spreading unease across all asset classes and putting stock markets around the world under pressure. Even top-rated assets sank, with Germany's 10- year yield rising to a 2015 high at just under 0.6 percent. "Another bloodbath in...

  • SYDNEY, May 6- A sudden sell-off in safe-haven bonds, and an equally rapid revival in resource prices, could herald the end of the dog days of deflation and a return to the more reflationary world of old. A positive spin on this would be that the European Central Bank's massively expanded campaign of asset-buying is working far more quickly than even optimists...

  • *Selloff in government bonds from Germany to Australia. As bond yields rose sharply from Germany to Australia in recent days, stock markets began to flounder. An index of Asian shares have fallen 3 percent after hitting a more than seven-year high on April. 29. On Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent, while...

  • NEW YORK, May 5- The $3.7 trillion U.S. municipal bond market has been punishing New Jersey's debt, largely because of the state's underfunded pension system and growing retirement costs. On Wednesday, the state's supreme court will hear arguments about whether it was legal for Governor Chris Christie to slash $1.6 billion from New Jersey's 2015 pension...

  • NEW YORK, May 5- Arguing that many of its customers cannot afford to pay high investment advisory fees, The Vanguard Group on Tuesday unveiled a low-cost service combining an automated investment plan with advice from a Vanguard financial planner. After more than two years of testing, the mutual fund giant is rolling out its Personal Advisor Services to...

  • NEW YORK, May 5- U.S. The selling on Tuesday, often by traders winding down Treasury positions as inflation pressures show signs of quickening, accelerated after the Institute for Supply Management said its services index rose to 57.8 last month from 56.5 in March. "That was better than forecast," said Anthony Valeri, fixed-income strategist at LPL Financial in San...

  • MONTREAL, May 5- Some exchange-traded funds and mutual funds might face liquidity problems if a large number of investors were to run for the exits at the same time, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned on Tuesday. Among changes the Bank of Canada is proposing, Wilkins listed:. -Reducing the amount of benchmark government bonds the Bank of...

  • UK 10-year gilt yields hit 2015 high ahead of election Tuesday, 5 May 2015 | 12:20 PM ET

    LONDON, May 5- Ten-year British government bond yields surged to their highest level this year on Tuesday, two days before voters go to the polls in the hardest-to-predict national election since the 1970 s. Robust U.S. non-manufacturing data caused gilts to extend losses made earlier in the day when traders were catching up with global bond price falls from...

  • NEW YORK, May 5- U.S. The selling on Tuesday, often by traders winding down Treasury positions as inflation pressures show signs of quickening, accelerated after the Institute for Supply Management said its services index rose to 57.8 last month from 56.5 in March. "That was better than forecast," said Anthony Valeri, fixed-income strategist at LPL Financial in San...

  • LONDON, May 5- Greek bond yields rose on Tuesday on reports that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns. The warning, reported in the Financial Times to have been made by the IMF's European head, Poul Thomsen, to euro zone finance ministers at their meeting in Riga last month,...

  • NEW YORK, May 4- Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Monday he recommended that investors buy Puerto Rican municipal bonds partly for their yield, despite their risk. "Puerto Rican muni bonds are my recommendation for a risky thing to buy because they have priced in a lot of problems," Gundlach said at the annual Sohn...

  • May 4- The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals. On Monday, Pimco said investors yanked another $5.6 billion from the Pimco Total Return Fund last month, bringing its assets to $110.4 billion at end of April. Outflows from the flagship Pimco Total Return Fund,...

  • Treasuries prices fell on Monday, with the long-end of the curve suffering the most of the sell-off and extending the prior week's declines amid low trading volumes because of holidays in Tokyo and London. Analysts said a combination of factors affected the 30- year Treasury, including negative yields in Europe and a drop in demand for new bonds, plus hints of...

  • Rates decline at weekly US Treasury auction Monday, 4 May 2015 | 4:00 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.070 percent, down from 0.095 percent last week. For a $10,000 bill, the three-month price was $9,999.62 while a six-month bill sold for $9,996.46.

  • Treasuries prices turned slightly negative while hewing to narrow ranges on Monday, marking a mixture of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. I think the market is looking for some stability and toward Friday's payrolls data, "said Justin Lederer, an interest rate strategist at Cantor...

  • NEW YORK, May 4- U.S. Treasuries prices were modestly higher on Monday, hewing to narrow ranges on a combination of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. "A lot of U.S. data this week and I've been thinking the front-end will be more informative, because if you do get a pickup in data over this week, then...

  • RPT-Shrinking liquidity exposes markets to crunch Monday, 4 May 2015 | 5:19 AM ET

    LONDON, May 1- The calm on global financial markets masks a growing threat to their smooth functioning should shrinking liquidity morph into an outright crunch in response to a U.S. interest rate rise or some other shock. Some analysts blamed the sell-off on a lack of liquidity, with Commerzbank going so far as to call it a "flash crash." Analysis from GreySpark...

  • OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...