WASHINGTON— Regulators are expected to vote Wednesday to end a longtime staple of the investment industry— the fixed $1 share price for money-market mutual funds— at least for some money funds used by big investors.» Read More
*J.C. Penney and Best Buy rally in premarket after results. NEW YORK, Feb 27- U.S. stock index futures fell on Thursday, with the S&P 500 poised to recede further from record levels amid political uncertainty in Ukraine and ahead of comments from Federal Reserve Chair Janet Yellen.
LONDON, Feb 27- Political and military tension in Ukraine and Russia curbed risk appetite on Thursday, weighing on world stocks and pushing the euro, already under pressure from interest rate cut talk, to a two-week low.
TOKYO, Feb 27- Japanese government bond prices were mostly steady on Thursday, with the super long zone weakening slightly after the Bank of Japan bought less than usual in those maturities via its regular purchasing operations the previous day. The yield on 10- year JGBs was flat on the day at 0.585 percent. The 20- year yield rose a basis point to 1.455 percent.
*Gold bar premiums in Singapore at 80 cents vs $1.50 last week. SINGAPORE, Feb 27- Gold extended losses on Thursday after the previous session's volatile trade, with a slow physical sector suggesting that jewellers and investors were waiting for prices to drop further from four-month highs.
The $3.7 trillion US municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying.
WASHINGTON, Feb 26- The $3.7 trillion U.S. municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying. Most notably, the three rating agencies cut Puerto Rico's credit score to junk earlier this month.
NEW YORK, Feb 26- The bitcoin derivatives market BTC.sx has suspended trading after its key bitcoin exchange partner, Tokyo- based Mt. Gox, went dark this week following weeks of turmoil, the company's chief operating officer George Samman said.
The Supreme Court ruled that the victims of former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward with class-action lawsuits.
*Fed buys $1.25 billion in treasuries maturing 2038 to 2043. NEW YORK, Feb 26- U.S. "We have seen a reasonable bid emerge despite the stronger-than-expected new home sales report and a bid for the equity market, which we typically would expect to create a bit of selling in Treasuries," said Ian Lyngen, a senior government bond strategist at CRT Capital.
NEW YORK, Feb 26- U.S. The U.S. government bond market enjoyed a brief safe-haven rally after Russian President Vladimir Putin put combat troops on high alert for war games near Ukraine, following the toppling of its ally Viktor Yanukovich as president, traders said.
*Russian troops on alert in drill near Ukraine border. LONDON, Feb 26- German government bond yields fell to their lowest in nearly three weeks on Wednesday as mounting geopolitical tensions over Ukraine spurred flows into low-risk debt.
US TREASURIES 10 YEAR, 30 YEAR YIELDS EDGE HIGHER AFTER RISE IN JANUARY NEW HOME SALES.
*Fed to buy $1 bln to $1.25 bln in debt maturing between 2036 and 2044. Treasury debt prices were steady on Wednesday as China's yuan stabilized after sharp falls on Tuesday, and as investors were hesitant to enter new trades while they looked for clarity on the state of the economy after a spate of weakening data.
*S&P 500 has been unable to close at a record this week. NEW YORK, Feb 26- U.S. stock index futures pointed to a slightly higher open on Wall Street Wednesday, indicating the S&P 500 would again make a run at record levels that have been serving as resistance.
LONDON, Feb 26- German government bond yields held close to their 2014 lows on Wednesday even after investors shunned a second consecutive debt sale, suggesting they saw scant value in the "painfully" low returns on offer.
LUXEMBOURG, Feb 26- Luxembourg is talking to China about allowing mutual recognition of investment funds based in the two countries, a senior Luxembourg official said on Wednesday. China and Hong Kong are thought to be in the final stages of a mutual fund recognition programme, which allows funds domiciled in Hong Kong to be sold in China and vice versa.
TOKYO, Feb 26- Benchmark Japanese government bonds were steady on Wednesday, while superlong tenors weakened as the Bank of Japan bought less than usual in that zone in its purchasing operations. The yield on 10- year JGBs was flat on the day at 0.585 percent.
Some analysts said it showed investors were uncomfortable with the low returns in Germany. "The 30- year yield basically tells you that investors are not fearing any increase in inflation or a big pick-up in nominal growth," DZ Bank strategist Christian Lenk said.
BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.
Treasury sells $32 billion of 2- year notes. NEW YORK, Feb 25- U.S. Insurance companies and pension funds with extended investment horizons were likely buyers of the 30- year Treasuries, according to rate-strategist Boris Rjavinski at UBS in Stamford, Connecticut.