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  • The Commerce Department revised higher its estimate of gross domestic product growth to a 5.0 percent annual pace from 3.9 percent reported last month, citing stronger consumer and business spending. The Commerce Department said non-defense capital goods orders, excluding aircraft, a closely watched proxy for business spending plans, was unchanged after...

  • NEW YORK, Dec 23- U.S. stock index futures were little changed on Tuesday, after the Dow and S&P 500 closed at fresh records and ahead of a raft of economic data. *Major Wall Street indexes have risen for four straight sessions, pushing the benchmark S&P index to its 50th record high of the year. The S&P has risen 5.4 percent over that period, its best 4- day run since July...

  • NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...

  • Rates rise at weekly US Treasury bill auction Monday, 22 Dec 2014 | 5:17 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.055 percent, up from 0.035 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.155 percent, up from 0.110 percent last week. For a $10,000 bill, the three-month price was $9,998.63, while a six-month bill sold for $9,992.21.

  • NEW YORK, Dec 22- The dollar recovered ground late on Monday on rising U.S. The two-year Treasury auction of just over 70 basis points is the highest since mid-2011, and that's widening the dollar's front-end yield advantage and driving it higher, "said Vassili Serebriakov, currency strategist at BNP Paribas in New York. The euro slipped past Friday's 2-1/ 2 year low...

  • *Will sell $35 bln 5- yr notes, $13 bln 2- yr floaters Tuesday. NEW YORK, Dec 22- Intermediate-debt underperformed long-dated bonds on Monday as investors prepared for new five-year and seven-year note supply, after the Treasury sold $27 billion in new two-year notes to solid demand. "They tend to require more of a concession to take down," said Ian Lyngen, senior...

  • *Will sell $35 bln 5- yr notes, $13 bln 2- yr floaters Tuesday. NEW YORK, Dec 22- U.S. bond yields stayed at slightly higher levels on Monday after the Treasury sold $27 billion in new two-year notes, the first part of a sale of $104 billion in supply this week. "They tend to require more of a concession to take down," said Ian Lyngen, senior government bond strategist at CRT...

  • NEW YORK, Dec 22- U.S. Treasury yields rose on Monday as oil prices held above last week's low levels, helping lift risk sentiment ahead of the government's sale of new two-year notes, the first offer of $104 billion in new supply this week. I don't think there's anything new for bonds to make a move here to lower yields, "said Tom di Galoma, head of rates and credit trading...

  • *Gilead falls as Express Scripts chooses AbbVie treatment. NEW YORK, Dec 22- U.S. stock index futures advanced on Monday, after the S&P 500 notched its best weekly performance in almost two months, ahead of data on the housing market. Brent last traded down 21 cents at $61.17 while U.S. crude was last off 0.7 percent at $56.74 after Saudi Arabia indicated it could...

  • US STOCKS-Futures climb after three-day run Monday, 22 Dec 2014 | 7:45 AM ET

    *Gilead falls as Express Scripts chooses AbbVie treatment. NEW YORK, Dec 22- U.S. stock index futures advanced on Monday, after the S&P 500 notched its best weekly performance in almost two months, as oil prices continued to show signs of stabilizing. However, Brent pulled back to last trade down 14 cents to $61.24 while U.S. crude was last off 0.4 percent at $56.91.

  • Analysts estimate the bloc's biggest sovereign borrowers will sell a third more debt than in 2014, with Germany the notable exception as it aims to eliminate its budget deficit. Investors, on the other hand, will seek higher yields from lower-rated issuers such as Italy, Spain and Portugal, reassured by expectations that the European Central Bank will become a...

  • TOKYO, Dec 22- Japan's government said on Monday it would "steadily reduce" new government bond issuance for the next fiscal year from that planned for the current year ending in March 2015 in a bid to curb runaway public debt. Japan's public debt tops twice the size of its economy, by far the worst in the developed world. In a show of Abe's resolve to keep Japan's public...

  • JGBs tick up, underpinned by BOJ's buying Monday, 22 Dec 2014 | 1:54 AM ET

    TOKYO, Feb 10- Japanese Government Bond prices ticked up on Monday, extending their rally on the back of a supply shortage caused by the Bank of Japan's massive bond buying. The 10- year JGB yield ticked down 1.0 basis point to 0.340 percent, briefly falling to 0.335 percent at one point, its lowest since April 2013. The Bank of Japan offered to buy a total of 1.3...

  • *Bids emerge after yield rise on Fed' patience' on rate hike. *Fed's Kocherlakota sees risks from possible 2015 lift-off. NEW YORK, Dec 19- U.S.

  • MOSCOW, Dec 19- Russia's central bank said on Friday it had raised the limit on foreign exchange swap operations to $10 billion from $2 billion for Dec. 19 to alleviate a shortage of roubles in the money market. "This measure contributes to narrowing the spread between the interbank market rates and the Bank of Russia key rate," the central bank said in a statement.

  • Oil's slide shakes up the junk-bond market Friday, 19 Dec 2014 | 1:34 PM ET

    NEW YORK— Oil's slump didn't just hit the stock market, it's shaken up the junk-bond market, too. If the index were to end December at that level, it would mark the biggest two-month slump since June 2013. By comparison, a broader Barclays index tracking the entire bond market, which includes corporate bonds with better credit ratings and Treasurys, is largely...

  • *Bids emerge after yield rise on Fed patience on rate hike. NEW YORK, Dec 19- U.S. It is just stabilizing after two days of sitting near their recent highs, "said George Goncalves, head of U.S. interest rate strategy at Nomura Securities International in New York.

  • US STOCKS-Futures climb after two-day rally Friday, 19 Dec 2014 | 8:29 AM ET

    *Brent holds near $60 a barrel. NEW YORK, Dec 19- U.S. stock index futures climbed on Friday, and the benchmark S&P 500 index was poised to continue to rally after its best two-day run in three years. *Brent crude oil rose hovered near $60 a barrel on Friday, recovering from near a 5-1/ 2- year low while WTI crude advanced 0.8 percent to $54.54.

  • TOKYO, Dec 19- Japanese government bond prices held mostly firm on Friday with two-year yield hitting a record low and yields up to four years staying below zero on expectations of a bond shortage next week, ahead of a large redemption. Treasuries dipped on the Federal Reserve's upbeat economic assessment, JGBs were well-supported because the Bank of Japan's...

  • Investors say 'bye,' but not 'ciao,' to stock pickers Thursday, 18 Dec 2014 | 3:52 PM ET

    NEW YORK— Stock pickers might as well wear a scarlet "A." "Active management" is becoming more of a taboo when it comes to mutual funds. Bill Miller, for example, became famous for guiding his fund at Legg Mason to better returns than the Standard& Poor's 500 index for 15 straight years.