Although the rouble fell sharply on Monday and bond yields rose, analysts said that the immediate implications of the downgrade were limited, as the move was largely priced in and other major agencies still rate Russia above junk. Russian assets had already fallen sharply before the decision because of renewed fighting in Ukraine and the threat of fresh...» Read More
SAO PAULO, Sept 12- Brazil's central bank will extend its currency intervention program into 2015 and may increase the rollover pace of expiring currency swaps to curb volatility in the real, a person on President Dilma Rousseff's economic team said on Friday.
NEW YORK, Sept 12- U.S. stocks fell on Friday weighed by energy shares as crude prices continued to fall, while high-yielding utilities and telecom shares also sold off as Treasury yields jumped.
*Spanish yields record biggest weekly rise since mid-2013. *S&P upgrades Greece to B from B-. LONDON, Sept 12- Spanish bond yields recorded their biggest weekly rise in more than a year on Friday as expectations of a U.S. interest rate hike exacerbated weakness triggered by concerns that Scotland's independence referendum was emboldening Catalan separatists.
*Scots vote, Ukraine tension bog down global stock prices. Nervousness about a Scottish vote next week on a split from the United Kingdom and tension between Russia and the West over Ukraine also weighed on stocks and other riskier investments, analysts said.
NEW YORK, Sept 12- U.S. The Commerce Department said retail sales increased 0.6 percent last month after an upwardly revised 0.3 percent gain in July.
NEW YORK, Sept 12- U.S. stock index futures indicated Wall Street may open slightly lower on Friday, as the latest economic data gave little insight into the health of consumer spending. Retail sales rose 0.6 percent in August, as expected, while the July report was revised to show growth of 0.3 percent rather than flat growth. Futures snapshot at 8:41 a.m. EDT:.
NEW YORK, Sept 12- U.S. stock index futures were flat on Friday, with investors holding off on making big bets ahead of the release of key consumer data, though the Dow and S&P 500 were on track to snap a five-week streak of gains. *Investors are looking ahead to August retail sales data, due at 8:30 a.m. EDT, which are seen rising 0.6 percent.
Sept 12- The U.S. Treasury Department is monitoring banks that are shifting some of their trading operations overseas to avoid tough swaps rules in the country, the Wall Street Journal reported, citing a source from the department.
TOKYO, Sept 12- Japanese government bonds mostly slipped slightly by midday on Friday, undermined by a weaker yen. Several corporate pension funds seemed ready to sell 20- year JGBs on strength, while a few domestic life insurers appeared willing to buy the current 30- year JGBs at a yield of 1.70% or above ahead of a massive quarterly redemption of JGBs on Sept. 22.
But she needs to route the funds through channels beyond the reach of the U.S. judge who ruled that Argentina must settle a legal fight with a group of New York hedge funds over unpaid debt from a massive 2002 default before servicing its performing debt.
Treasury sold $13 billion in 30- year bonds to solid demand. "If it comes in stronger, the market will continue to ignore weak payrolls and focus on all the positive data we've seen," said Richard Gilhooly, an interest rate strategist at TD Securities in New York.
ACCRA, Sept 11- Ghana sold a $1 billion Eurobond on Thursday at a coupon rate of 8.125 percent, lower than analysts had expected given the fiscal difficulties faced by the West African producer of cocoa, gold and oil. Ghana sold Eurobonds in 2007 and in 2013, when the yield was 8 percent, but analysts expected a higher rate this time.
CARACAS, Sept 11- President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month.
BUENOS AIRES, Sept 11- Argentina's Congress on Thursday overwhelmingly passed a debt bill aimed at defying a U.S. court ruling which tipped the country into default for the second time in 12 years. It also encourages investors to move their Argentine debt from the United States or other foreign jurisdictions to either Argentina or France via an exchange of debt.
Treasuries slipped on Thursday for the first time in four days after the outlook for sustained U.S. military involvement in Iraq and Syria and new planned sanctions against Russia drove modest safe-haven bids.
NEW YORK, Sept 11- U.S. stock index futures pointed to a lower open on Thursday as jobless claims unexpectedly rose in the most recent week, the latest sign the labor market continues to struggle. Recent trading on Wall Street has been to the downside, with the S&P 500 on track for its sixth decline in the past eight sessions.
Banks and investors have already criticized Europe for diverging from agreed international standards and have warned that the European proposal could increase the cost of trading over-the-counter derivatives, such as interest rate swaps, in Asia by hundreds of billions of dollars, threatening systemic stability and potentially forcing EU banks out of the Asian OTC derivatives markets.
NEW YORK, Sept 11- U.S. stock index futures were very slightly lower on Thursday as investors awaited data on the labor market and attempted to determine whether equities' long-term advance or recent weakness would be the driving trend going forward.
BUENOS AIRES, Sept 11- Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable Argentina to make payments on its foreign-held bonds locally or elsewhere beyond the reaches of the U.S. court.
TOKYO, Sept 11- Japanese government bond prices fell on Thursday, sending the 10- year yields to a two-month high, as falls in global bond prices, the yen's fall and a rise in Japanese share prices pushed the market out of its months-long doldrums.