Sept 17- The Michigan Strategic Fund board gave final approval on Wednesday for the sale of up to $450 million of 30- year revenue bonds for a downtown Detroit arena that will be home to the National Hockey League's Detroit Red Wings.» Read More
WASHINGTON, March 24- TeraExchange said on Monday it had constructed a swap based on the bitcoin virtual currency, a step that would bring the emerging payment system under the oversight of U.S. regulators for the first time. The company said it had shown the contract to the U.S. Commodity Futures Trading Commission, which regulates swaps and futures.
*Treasury to sell $96 bln in 2-, 5-, 7- year notes this week. NEW YORK, March 24- The U.S.
*Palladium hits 2-1/ 2 year high on supply worries, new ETFs. LONDON, March 24- Gold prices tumbled to a one-month low on Monday as expectations that U.S. interest rates could rise in early 2015 supported the dollar and prompted investors to cash in gains made during the metal's recent rally to six-month highs.
*Fed to buy $500 mln- $750 mln debt due 2024-2031.
*Ukraine conflict continues, Russia seizes marine base. NEW YORK, March 24- U.S. stock index futures pointed to modest gains at the open on Monday as weak data on Chinese manufacturing raised hopes of fresh Chinese stimulus to combat slowing momentum, though tensions over Ukraine weighed on sentiment.
MILAN/ LONDON, March 24- Italy's largest bank by assets, UniCredit, started advertising a new hybrid dollar-denominated bond at an investors' roadshow in Europe and Asia on Monday.
SPREAD BETWEEN US TWO-YEAR TREASURIES YIELDS AND 30- YEAR BOND YIELDS TIGHTENS TO 316 BPS, SMALLEST SINCE JULY.
US TWO-YEAR TREASURIES YIELDS RISE TO 0.47 PERCENT, HIGHEST SINCE SEPTEMBER.
US FIVE-YEAR TREASURIES YIELDS INCREASE TO 1.76 PERCENT, HIGHEST SINCE JANUARY 9.
TOKYO, March 24- Japanese government bond prices fell on Monday, taking cues from gains in share prices, but most domestic real money accounts were sidelined ahead of their book closings at the end of March. Some domestic market players are taking profits in cash bonds ahead of their financial year end on March 31.
HONG KONG/ SHANGHAI, March 24- Credit warning signs are flashing for heavily indebted Chinese semiconductor, software and commodities firms as the government cautiously steps aside to let market forces play a bigger role in deciding winners and losers.
NEW YORK, March 23- Investors worried the Federal Reserve will start raising interest rates in a year's time or even sooner should stick with shorter-maturity bonds, high-quality corporate debt and stocks with attractive dividends like utilities.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
The U.S. Senate approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department.
More client-hungry hedge fund managers are looking to put their investment strategies to work in ETFs, but the move may cost them.
The Pimco Total Return Fund, the world's largest bond fund, trailed more than 70 percent of its peers in February preliminary Morningstar data showed.
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.
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.
US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.
Morgan Stanley will resolve its mortgage backed securities litigation for $1.25 billion, reports CNBC's Kayla Tausche.