The SEC finalized new rules that will give more transparency to asset-backed securities and was ready to vote on reforms for credit rating agencies.» Read More
*Treasury yields fall after auction, extend slide on Iraq. NEW YORK, June 12- Crude oil prices spiked on Thursday on supply concerns and equities sold off as violence threatened stability in Iraq. "If this conflict knocked out Iraq as an exporter, that would have significant impact on prices," said Christopher Bellew, a trader at Jefferies Bache.
June 12- Institutional investors having trouble finding bonds for their portfolios from the usual suppliers are accepting a higher degree of risk and pumping billions of dollars into exchange-traded bond funds, boosting asset management firms such as BlackRock, Pimco and State Street.
U.S. 30- YEAR BOND YIELDS DROP TO LOWEST IN A WEEK IN WAKE OF STRONG BOND AUCTION.
US 30- YEAR BOND, 10- YEAR NOTE YIELDS HIT SESSION LOWS AFTER AUCTION.
NEW YORK, June 12- U.S. Thursday's modest gains in Treasuries reversed earlier losses ahead of a key $13- billion U.S. 30- year bond auction, coming after two relatively weak sales earlier this week in the three-year and 10- year sectors. It's not a big enough of a miss, "said Stanley Sun, interest rate strategist, at Nomura Securities in New York.
*Retail sales rise less than expected in May. *Lululemon falls on results, Restoration Hardware up. NEW YORK, June 12- U.S. stock index futures pointed to a flat open on Thursday as a round of disappointing data gave investors few reasons to buy, even after the S&P 500' s biggest one-day drop in three weeks.
NEW YORK, June 12- U.S. stock index futures edged lower on Thursday after data showed retail sales rose less than expected and weekly initial jobless claims increased in the latest week.
*Geron rallies in premarket after FDA move. NEW YORK, June 12- U.S. stock index futures were flat on Thursday as investors looked ahead to data on retail sales and the labor market, taking a pause after the S&P 500' s biggest one-day drop in three weeks. *There could be catalysts at 8:30 a.m., with the release of retail sales and jobless claims data.
MADRID, June 12- Spanish billionaire Esther Koplowitz could sell some of her stake in the holding company that controls builder FCC as part of a debt restructuring deal, said a source who is working on the refinancing. FCC shares were the top gainers on Thursday morning on Spain's benchmark index, up 4.75 percent to 17.64 euros per share.
TOKYO, June 12- Japanese government bond prices ended the morning session slightly higher on Thursday, but moves were limited ahead of this session's sale of 5- year notes. The Ministry of Finance offered 2.7 trillion yen of 5- year JGBs with the coupon on the new issue set at 0.2 percent for the 9th straight month.
*Foreign central bank auction participation declines. NEW YORK, June 11- U.S. Bids totaled $60.5 billion for a decent 2.88 bid-to-cover, versus 2.63 in April and an average of 2.65.
NEW YORK, June 11- For U.S. mutual fund investors, this is shaping up to be a year when it pays to go small. In what mutual fund experts call a rarity, tiny funds with less than $100 million in assets under management are either leading or are among the top three or four best performers in every major U.S. stock category tracked by Morningstar for the year through June 10.
NEW YORK, June 11- Investors in U.S.-based mutual funds poured a net $2.1 billion into stock funds in the week ended June 4, with all of the inflows going to funds focused on international stocks over pricier U.S. equities, data from the Investment Company Institute showed on Wednesday.
*Proceeds to partly replace loan for Maroc Telecom buy. DUBAI, June 11- Abu Dhabi- based telecommunications operator Etisalat sold $4.3 billion worth of bonds on Wednesday, setting one record as the region's biggest corporate issue ever and another for the cheapest pricing, bankers said.
BOGOTA, June 11- Colombia is keeping open the option of selling a 100- year bond this year to finance part of its 2015 budget, the finance minister said on Wednesday, after an investment bank proposed to issue sovereign debt with a century-long maturity last week.
NEW YORK, June 11- U.S. Treasury debt prices edged higher on Wednesday after three days of selling, helped by lower risk appetite, with Wall Street shares trading weaker and overall caution ahead of a 10- year note auction later in the session.