Issuers face a Dec. 1 deadline to report disclosure violations to the Securities and Exchange Commission in the regulator's latest stab at strengthening regulation of the $3.7 trillion municipal market. In the last two years, the SEC has charged cities, school districts and even a state with failing to disclose required information. Next year the SEC plans on "...» Read More
China's bond market is booming with record issuance and strong demand, but it has been a speculative play dominated by Chinese issuers and investors.
HONG KONG, Aug 6- China's offshore bond market looks to be booming with record issuance and strong demand, but rather than the global market that was hoped for it has been a speculative play on the yuan dominated by Chinese issuers and investors.
HONG KONG, Aug 6- China's $120 billion offshore yuan bond market has come a long way over the past four years, when it really took off. July 2007: China Development Bank issues the first offshore yuan bond in Hong Kong.
New York, Aug 5- U.S. stocks and bond yields fell on Tuesday after a report indicating escalating tensions in Ukraine sparked fresh concern about the region. Wall Street stocks extended losses after a Bloomberg report that cited comments from the Polish foreign minister, Radoslaw Sikorski, who said Russian units were set to pressure or invade Ukraine.
BOSTON, Aug 5- Money market funds run by Fidelity and American Beacon are relying on an unlikely source to juice up their returns: beat-up bonds issued by cash-strapped Puerto Rico.
Treasuries' prices jumped on Tuesday as Wall Street equities sold off and growing worries over Ukraine and other issues spurred safe-haven buying of American debt.
New York, Aug 5- U.S. stocks and bond yields fell on Tuesday after a report that Russian units were set to pressure or invade Ukraine. Wall Street stocks extended losses after a Bloomberg report that cited comments from the Polish foreign minister, Radoslaw Sikorski, on Ukraine, driving the S&P 500 below its 1,920 support level.
*Asia hit by unexpected weakness in China services PMI. Wall Street was modestly weaker, as investors reacted negatively to earnings from Cablevision and a warning on weak sales from Target Corp..
LONDON, Aug 5- Gold prices edged lower on Tuesday as the dollar hit a new multi-month high after economic data showed the pace of growth in the U.S. services sector hit its highest in 8-1/ 2 years in July. Spot gold was down 0.2 percent at $1,284.89 an ounce at 1455 GMT, while U.S. gold futures for December delivery were down $2.80 at $1,286.00 an ounce.
NEW YORK, Aug 5- Treasuries prices slumped on Tuesday after industry data signaled that the U.S. services sector grew last month at its fastest pace since 2005. Yields on the benchmark 10- year note topped 2.50 percent after the Institute for Supply Management report.
*China services sector growth at nine-year low. NEW YORK, Aug 5- U.S. stock index futures dipped on Tuesday after China's economic recovery was put in doubt as growth in its services sector slowed in July to its lowest level in nearly nine years.
*Bond ladders spiced with foreign sovereigns prove a hit. TOKYO, Aug 5- Japanese fund managers spiced up a simple investment product known as bond ladders with high-grade foreign sovereign debt and created an instant hit with domestic banks and credit unions.
NEW YORK, Aug 4- Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.
TOKYO, Aug 5- Japanese government bond prices were narrowly mixed on Tuesday, ahead of a 10- year bond auction later in the day, though demand is expected to be firm as the Bank of Japan has already soaked up a huge amount of that issue. The Ministry of Finance will issue 2.4 trillion yen of 10- year bonds by reopening the current issue with a 0.6 percent coupon.
NEW YORK, Aug 4- The Pimco Total Return Fund, the world's largest bond fund, had net outflows of $830 million in July, marking its 15th straight month of outflows, according to Morningstar data on Monday. The fund, run by Bill Gross, has had about $65 billion in outflows since May 2013, the data showed.
NEW YORK, Aug 4- Bond prices rallied and European bank stocks rose on Monday after Portugal devised a plan to prevent the collapse of one of its biggest lenders.
*Jobs data soothes inflation worries. NEW YORK, Aug 4- U.S. On Monday, prices rose for both intermediate and long maturities, with 3- year to 7- year maturities at center stage, according to Jake Lowery, portfolio manager at Voya Investment Management in Atlanta.
ATHENS, Aug 4- Incoming European Commission President Jean-Claude Juncker played down on Monday the option of an outright writing off of part of the euro zone loans to Greece to make the country's debt more manageable.
LONDON, Aug 4- European stocks rose on Monday and bond yields fell on a banking sector rebound after Portugal prevented the collapse of one of its biggest lenders and shares in the continent's largest bank jumped in the wake of its latest earnings report.
TOKYO, Aug 4- Japanese government bond prices were mostly steady on Monday, underpinned after U.S. Treasuries gained on weaker-than-expected non-farm payrolls data. Market wariness over further gains in JGBs, with prices already at high levels, in addition to caution towards a 10- year debt auction on Tuesday, hemmed bonds in a narrow range.