SHANGHAI, March 7- The threat of China's first domestic bond default has prompted Suining Chuanzhong Economic Technology Development to delay a one billion yuan debt issue and two other companies have halted deals blaming market volatility.» Read More
In a filing in U.S. Bankruptcy Court, Syncora Guarantee Inc warned that lawsuits will be filed over the Detroit Institute of Arts' collection, which the city is not selling at this point to help pay its $18 billion in debt.
NEW YORK, Feb 28- Analysts at Fitch Ratings on Friday cut some $4 billion worth of bonds issued on behalf of the Water and Sewerage Department of Detroit to junk, citing the weak finances and outlook for the system run by the bankrupt city.
*Fed bought $1.25 bln in notes maturing in 2038-2043. NEW YORK, Feb 28- U.S. Separately, data showed inflation in the euro zone unexpectedly held steady this month, cooling expectations the European Central Bank might ease monetary policy as early as next week, further pressuring Treasuries.
CORRECTED-US TREASURIES PARE MOST PRICE LOSSES, 10 YR NOTES YIELD 2.66 PCT.
US TREASURIES PAIR MOST PRICE LOSSES, 10 YR NOTES YIELD 2.66 PCT.
*Fed bought $1.25 bln in notes maturing in 2038-2043.. NEW YORK, Feb 28- U.S. Separately, data showed inflation in the euro zone unexpectedly held steady this month, cooling expectations the European Central Bank might ease monetary policy as early as next week and further pressuring Treasuries.
*Fed to buy $1 bln to $1.25 bln debt maturing 2036-2044. NEW YORK, Feb 28- U.S. "This is profit taking because rates are so low that any news that works against bonds tends to bring an exaggerated reaction," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis.
*Citigroup lowers 2013 profit as a result of fraud. *Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures pointed to a slightly lower open on Wall Street Friday, with the S&P 500 coming off a record close and after the U.S. government slashed its estimate for fourth-quarter economic growth.
*Euro zone CPI picks up in Feb, stays far below target. LONDON, Feb 28- Spanish bond yields reached new historical lows on Friday as persistent expectations the European Central Bank will loosen monetary policy further supported lower-rated debt even though inflation ticked up.
*Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth.
SHANGHAI/ HONG KONG, Feb 28- China fund managers suggested raising bond allocations to the highest in five months, while cutting back on equities to a 10- month low as a slowing economy stokes fears of credit defaults, according to a monthly Reuters poll. "I am concerned about worsening China macro data.
*6.20 yuan per dollar seen as inflection point below which losses multiply. HONG KONG, Feb 28- China's weakening of the yuan over the past 10 days has exposed risks created by the rapid growth of offshore derivative products, with holders seen potentially facing billions of dollars of losses if the currency keeps falling.
NEW YORK, Feb 27- Sovereign debt borrowing is expected to rise by 2.7 percent to $7.1 trillion this year, with the biggest relative increase coming in sub-Saharan Africa, a new study by Standard& Poor's showed on Thursday.
Tensions in Ukraine, Venezuela fuel safety buying. "That might indicate some international demand from Japan or China, but there has also been a bid because of international news on Ukraine and Venezuela, as investors look to park money," said Brien.
NEW YORK, Feb 27- A New York appeals court on Thursday revived Assured Guaranty Corp's claims for certain damages in its lawsuit against Credit Suisse Group AG over allegedly defective loans underlying mortgage-backed securities.
LONDON, Feb 27- High-yielding dollar bonds from Venezuela, Argentina and Ukraine, once at the core of most emerging debt portfolios, are deep in the red, leaving investors scrambling for the returns they once provided.
"The issues here are incredibly important not just for Argentina but for the U.S. government and all foreign sovereigns," said Paul Clement, at a briefing on the case at the Argentine embassy in Washington, D.C..
WASHINGTON, Feb 26- The $3.7 trillion U.S. municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying. Most notably, the three rating agencies cut Puerto Rico's credit score to junk earlier this month.