Brian Zwerner, a former manager of Bank of America's municipal derivatives desk, was sentenced to spend three years on probation and pay a $10,000 fine by U.S. According to court papers he has also agreed to pay Bank of America $890,000 and settle related U.S. Securities and Exchange Commission civil charges.» Read More
NEW YORK, March 28- Global equity markets rose on signs China will step in to support a cooling economy and on mostly promising U.S. data, while government bonds yields fell across the euro zone on renewed bets the European Central Bank will ease policy next week.
NEW YORK, March 28- U.S.
US TREASURIES PRICES FALL AS STOCKS EXTEND GAINS, 10- YEAR NOTES YIELD 2.71 PERCENT.
*Fed to buy $1 bln- $1.25 bln bonds due 2036- 2044. NEW YORK, March 28- U.S. "If the Fed is going to hike it's going to be the belly of the curve that takes the brunt of the pain as we get closer to actual hikes," said Ira Jersey, an interest rate strategist at Credit Suisse in New York.
*Momentum stocks still in focus, Netflix down in premarket. *Red Hat down after outlook, BlackBerry up on results. NEW YORK, March 28- U.S. stock index futures indicated a higher opening on Wall Street Friday, lifted by remarks from China's Premier Li Keqiang that the Chinese government was ready to take steps to support its economy.
*Red Hat profit beats expectations, but outlook weak. NEW YORK, March 28- U.S. stock index futures rose on Friday, lifted by remarks from China's Premier Li Keqiang that the Chinese government was ready to take steps to support its economy. *The prospect of slowing growth in China, the world's second-largest economy, has long been a market headwind.
TOKYO, March 28- Japanese government bond prices ticked up on Friday, helped by the Bank of Japan buying short and superlong maturities in a subdued market that showed little reaction to a series of Japanese economic indicators. The BOJ offered to buy 170 billion yen of JGBs maturing in more than 10 years and 500 billion yen in one- to five-year maturities.
SPREAD BETWEEN 5- YEAR NOTES, 30- YEAR TREASURIES YIELDS COMPRESSES TO 179 BPS, TIGHTEST SINCE 2009.
NEW YORK, March 27- U.S. Treasuries held at lower yields on Thursday after the government sold $29 billion of new seven-year notes to strong demand, the final sale of $96 billion in new coupon-bearing supply this week.
LONDON, March 27- Spanish, Italian and Portuguese bond yields hit multi-year lows on Thursday, with speculation about further European Central Bank monetary policy easing prompting investors to seek the bigger returns offered by lower-rated assets.
LONGER-DATED TREASURY BOND FUTURES ADD TO EARLIER GAINS, HIT CONTRACT HIGHS.
US 30- YEAR TREASURIES BONDS YIELDS FALL 3.514 PERCENT, LOWEST SINCE JULY.
*Fed to buy $3.75 bln- $4.50 bln notes due 2018, 2019. NEW YORK, March 27- Intermediate-dated Treasuries yields edged higher Thursday, and the yield curve resumed a recent flattening trend, as investors prepared for $29 billion of new seven-year notes, the final sale of $96 billion in new coupon-bearing supply this week.
*Citigroup falls in premarket, Fed rejects capital plan. NEW YORK, March 27- U.S. stock index futures indicated a flat opening on Wall Street Thursday as the latest economic data pointed to improving conditions, though investors were reluctant to make big bets amid tensions in Ukraine and a drop in Citigroup shares.
US TREASURIES YIELDS INCREASE AFTER DATA, 10- YEAR NOTE YIELDS HIT SESSION HIGHS OF 2.72 PERCENT.
LONDON, March 27- Spanish, Italian and Portuguese bond yields hit new historical lows on Thursday, with speculation about further European Central Bank monetary policy easing prompting investors to seek higher returns in lower-rated assets.
LONDON, March 27- The euro fell on Thursday and peripheral European government bond yields hit their lowest levels in years as speculation grew that the European Central Bank may ease monetary policy soon.
TOKYO, March 27- Japanese government bond prices slipped on Thursday as a sizable bounce by Tokyo stocks weighed on the bond market. The benchmark 10- year cash yield rose 0.5 basis point to 0.630 percent, and the 20- year yield edged up 1 basis pint to 1.500 percent. An auction of 2.7 trillion yen in two-year notes attracted ample investor demand.
The SEC is still actively eyeing a plan that would force prime institutional money market funds to abandon their stable $1 per-share net asset value and float their share price.
HONG KONG, March 27- China's property developers are turning to commercial mortgage-backed securities and looking at other alternative financing as creditors grow more discriminating in the face of rising concerns about the country's real estate and debt markets.