NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.» Read More
Monday's ruling by a panel of the 2nd U.S. Circuit Court of Appeals in New York was issued 13 days after the court reversed the May 2012 convictions of the three bankers. The three former GE bankers, Steven Goldberg, Dominick Carollo and Peter Grimm, were released from prison on Nov. 27, according to the Federal Bureau of Prisons.
Investors are fleeing the U.S. municipal bond market as it shrank to $3.6 trillion in the third quarter of 2013, the smallest since the end of 2009.
CHICAGO, Dec 9- There is a growing consensus that U.S. stocks, as well as stocks around the world, are going to catch a tailwind going into 2014.. The Vanguard Total World Stock Index ETF owns more than 5,000 stocks, but has its top holdings in mega-cap American companies like Apple Inc, Exxon Mobil Corp and Google Inc..
WASHINGTON, Dec 9- The U.S. municipal bond market shrank to $3.686 trillion in the third quarter of the year, the smallest since the end of 2009, from $3.721 trillion in the second quarter of the year, according to Federal Reserve data released on Monday.
NEW YORK, Dec 9- U.S. The Fed will buy between $1.25 billion and $1.75 billion in bonds due between 2036 and 2043 as well as $2.75 billion and $3.50 billion in notes due 2021-2023 on Monday as part of its ongoing purchases.
TOKYO, Dec 9- Japanese government bond prices ended the morning mixed on Monday, with the superlong zone slightly underperforming as the Bank of Japan refrained making any purchases this session under its asset-buying stimulus program.
NEW YORK, Dec 6- General Electric Co has agreed to pay as much as $18.25 million to settle a class action lawsuit accusing it of rigging bids for municipal securities, court papers filed on Friday show.
*Fed buys $5.13 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. The market priced in most of a worse-case scenario heading into the number, "said Aaron Kohli, an interest rate strategist at BNP Paribas in New York.
*Fed buys $5.13 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. The market priced in most of a worse case scenario heading into the number, "said Aaron Kohli, an interest rate strategist at BNP Paribas in New York.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "It pulls forward some expectations, potentially for a December taper," said Ira Jersey, an interest rate strategist at Credit Suisse in New York, though he added that Credit Suisse sees a move in January as more likely.
*J.C. Penney gets letter of inquiry from SEC. *Sears Holdings to spin off Lands' End business. NEW YORK, Dec 6- U.S. stock index futures rose on Friday, putting the S&P 500 on track to snap a five-session losing streak, ahead of a key monthly payrolls report that may affect expectations for when the Federal Reserve will begin to wind down its stimulus.
LONDON, Dec 6- The dollar rose and government borrowing costs from Japan to Germany hovered around fresh highs on Friday, on expectations of strong U.S. data that would back the case for an imminent scaling-back of Federal Reserve stimulus.
LONDON, Dec 6- Crowded junk corporate bond markets may be most vulnerable to what could be the main outlying risk of 2014: a Federal Reserve that is slow to withdraw monetary stimulus and forced to play catch-up.
SYDNEY, Dec 6- Australia's prime minister Tony Abbott spurned a plea for help from Qantas Airways Ltd on Friday, saying subsidising the embattled airline would be "a bottomless pit" as its credit rating was relegated to junk status.
NEW DELHI, Dec 6- A recovery in the rupee is giving India's Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government's subsidy bill.
TOKYO, Dec 6- Japanese government bond prices faltered on Friday, with the benchmark futures contract hitting a seven-week low in the heaviest trading volume in more than six years, succumbing to pressure from rising U.S. and German bond yields.
SYDNEY, Dec 6- Asian shares spent much of Friday in a state of suspended animation as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
TOKYO, Dec 6- JGB prices dropped on Friday, with the 10- year yield rising to seven-week highs, after expectations the U.S. Federal Reserve could soon pare its bond-buying programme lifted U.S. and European bond yields. Investor demand for these new bonds is strong, as the Bank of Japan's massive bond buying is leading to a shortage of bonds, market players said.
*Airline expects H1 loss of A $250 million- A $300 million. SYDNEY, Dec 6- Embattled Qantas Airways Ltd was relegated to junk status by credit rating agency Standard& Poor's on Friday, a day after the Australian carrier issued a shock loss warning that sent its shares to a 16- month low.