Total U.S. money market mutual fund assets fell by $35.02 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds fell by $5.33 billion to $912.96 billion, the Washington- based mutual fund trade group said Thursday.» Read More
LONDON, Jan 13- Britain sought on Monday to reassure bondholders by promising to honour all 1.2 trillion pounds of UK government debt regardless of whether Scots vote for independence in a referendum this year.
That idea has caught on, especially recently: In 2013, everyone from 401 providers to mom and pop embraced index funds, sending almost $2 into them for every $1 they invested in actively managed funds, according to Morningstar.
LONDON, Jan 13- The British government confirmed on Monday that it will take responsibility for all British government debt should Scotland vote for independence in September, a move it hopes will avoid jitters in bond markets ahead of the referendum.
In a hint that the relentless sell-off that sucked $62.6 billion out of municipal bond funds in 2013 is winding down, data from Lipper on Thursday showed net outflows slowed to just $18.99 million in the week ended Jan. 8. Moreover, the funds may soon see a few weeks of net inflows, said Tom Roseen, head of research services for Lipper, a Thomson Reuters company.
NEW YORK, Jan 10- Investors poured $5.3 billion into bond funds worldwide in the latest week while pulling profits out of stock funds after market gains in 2013, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
*Benchmark yields book biggest one-day drop in over two months. NEW YORK, Jan 10- U.S. "We are seeing a solid rally across maturities because of the weak payroll print," said Jake Lowery, portfolio manager at ING U.S. Investment Management in Atlanta, which oversees $190 billion in assets.
WASHINGTON, Jan 10- The U.S. Supreme Court on Friday agreed to consider a dispute over subpoenas in a case stemming from long-running litigation over Argentina's obligations to bond investors in the wake of its default on $100 billion in sovereign debt in 2002..
*Fed buys $3.3 bln medium-dated Treasuries due in 2020. NEW YORK, Jan 10- U.S. "We are seeing a solid rally across maturities because the weak payroll print," said Jake Lowery, portfolio manager at ING U.S. Investment Management in Atlanta.
*Fed to buy $2.5- $3.5 bln Treasuries due in 2019-2020. NEW YORK, Jan 10- U.S. The market rise was mitigated by a surprise drop in the unemployment rate to 6.7 percent, which was the lowest since October 2008, although the drop stemmed partly from people leaving the workforce.
*U.S. jobs market surprisingly weak in December. *Gold heads for flat week after best run since October. NEW YORK/ LONDON, Jan 10- U.S. bond prices jumped and global equity markets pared gains on Friday, after a surprisingly weak month for jobs growth in the United States that was somewhat affected by bad weather.
NEW YORK, Jan 10- U.S. stock index futures trimmed gains on Friday, after the December nonfarm payroll report came in sharply below expectations.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stock index futures climbed in low volume on Friday as traders awaited a key report on employment in the world's largest economy. "I expect the number to be strong and an initial surge to 1,850 on the S&P," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.
Moody's announces its decision on Portugal's credit standing later on Friday under a new EU-regulated schedule of rating reviews. Standard& Poor's will release its assessment on Portugal on Jan. 17 and while many market participants say an upgrade of Portugal's "junk" status was unlikely, they expected both Moody's and S&P to raise their outlooks.
TOKYO, Jan 10- Japanese government bond prices rose modestly on Friday, with the superlong sectors outperforming, leading to a flattening of the yield curve.
SACRAMENTO, Calif., Jan 9- California's Democratic governor took a stern line on fiscal restraint as he released a $107 billion budget plan on Thursday, potentially inviting a fight with more progressive state lawmakers who want to restore spending on social programs cut during the long economic downturn.
NEW YORK, Jan 9- Investors in U.S.-based funds poured $4.6 billion into taxable bond funds in the latest week and limited their commitments to stock funds, taking profits after stellar stock market gains in 2013, data from Thomson Reuters' Lipper service showed on Thursday.
$13 billion 30- year bond sale fetches solid demand. Perceived dovish comments from European Central Bank President Mario Draghi lifted German Bund prices, which in turn helped boost U.S. government debt, analysts and traders said.
U.S. Treasury Secretary Jack Lew finished his Europe tour in Portugal on Thursday, which looked set to launch a five-year bond.
LONDON, Jan 9- The euro recovered some ground ahead of a European Central Bank news conference on Thursday after falling to one-month and one-year lows against the dollar and British pound, reflecting concern over Europe's poorer growth outlook.
By Lisa Twaronite and Ian Chua. Tokyo/ SYDNEY, Jan 9- The dollar hovered close to seven-week highs against a basket of major currencies in Asia on Thursday, after an upbeat U.S. private-sector jobs report drove U.S. short-term yields and market rates higher and raised expectations for key payrolls data later this week.