BUENOS AIRES, Argentina— In 2001, it was ground zero for Argentina's financial earthquake. It was no matter that Gurof lost his life savings in 2001, when Argentina stopped payment on more than $90 billion in bonds.» Read More
NEW YORK, April 9- A group of small brokerages and large commodities companies have convinced lawmakers to tweak a rule they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market.
*U.S. to sell $21 billion in 10- year note supply. *Fed to buy $900 million to $1.15 billion in long-dated bonds. NEW YORK, April 9- U.S.
April 9- Detroit has reached a settlement with bond insurers over the treatment of some bonds in the city's bankruptcy, and a court-appointed mediator is expected to announce the details later on Wednesday, a spokesman for the city said.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy struggling Australian department store operater David Jones for $2 billion after trumping an offer from Myer Holdings Ltd, it was announced on Wednesday.
DETROIT AND BOND INSURERS IN SETTLEMENT IN SUIT OVER CITY'S PROPOSED PAYOUT TO UNLIMITED TAX GENERAL OBLIGATION BONDHOLDERS-CITY SPOKESMAN.
*Dollar gains foothold after biggest one-day fall in months. *Crown hit by signs central bank to cut rates. LONDON, April 9- The Swedish crown was the major mover on developed currency markets on Wednesday, falling half a percent against the euro after the Riksbank signalled it was moving closer to cutting interest rates.
NEW YORK, April 9- U.S. stock index futures were flat on Wednesday, after the S&P 500 managed to halt a three-day losing skid, in the wake of earnings from Alcoa and ahead of the minutes from the last Federal Reserve meeting.
LONDON/ ATHENS, April 9- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year issue, three sources said on Thursday.
NEW YORK, April 9- A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market.
*China stock valuations near cheapest since at least 2004. *Stock mutual funds turning overweight on China- HSBC. *Investors see China reforms improving growth prospects.
*Prices rise, Treasury sells $30 billion three-year notes. *Treasury to sell $21 billion 10- year notes Wednesday. NEW YORK, April 8- U.S.
LONDON, April 8- Greek 10- year yields dipped on Tuesday afternoon on rising speculation that the country, which restructured 130 billion euros in debt in 2012, could issue its first bonds in four years as soon as Wednesday.
RAMALLAH, West Bank, April 8- The Palestinian Authority said on Tuesday it plans to issue bonds to banks as part of a restructuring of its sizeable debts, in what will be the first sale of government bonds in the territory's 20- year history. Jihad Al Wazir, head of the Palestinian Monetary Authority, said around $200 million of debt would be converted to bonds.
US TREASURIES PRICES TURN MILDLY POSITIVE BEFORE THREE-YEAR NOTE AUCTION.
*Defaulters Ecuador, Greece prepare bonds; Pakistan, Zambia raise 10- yr cash. *After Q1 bond issuance tops $100 bln, second wave of riskier emerging credits.
*Fed to buy $0.75 bln- $1 bln in TIPS. NEW YORK, April 8- U.S. "We're probably trying to make some sort of concession, we've had a decent run-up since payrolls," said Sean Murphy, a Treasuries trader at Societe Generale in New York.
*Ghana could still meet budget deficit target of 8.5 percent of GDP. ACCRA, April 8- Ghana is paying over-the-odds for its domestic debt but foreign investors are not fleeing the market even though the government has missed a string of fiscal targets, central bank Governor Henry Kofi Wampah told a Reuters Africa Summit.
TOKYO, April 8- JGBs ticked down on Tuesday after the Bank of Japan did not announce fresh stimulus measures as expected, with the yield curve slightly steepening as the longest maturities came under the most pressure. The benchmark 10- year cash bond yield rose 1.0 basis point to 0.620 percent, while the 20- year yield rose 1.5 basis points to 1.490 percent.
April 7- Creditor objections flowed into a U.S. bankruptcy court on Monday, claiming a document supporting Detroit's plan to deal with $18 billion of debt and other obligations is missing crucial details.
WASHINGTON, April 7- Four U.S. lawmakers launched a bill on Monday to rewrite the rules of of the Commodity Futures Trading Commission, giving more leeway to smaller players in the derivative markets it oversees.