BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...» Read More
U.S. Treasury debt prices were flat to slightly lower Thursday, as data suggesting a solid job market offset hopes of more interest rate cuts by the Federal Reserve amid worries about the housing slump.
Treasury prices turned higher Wednesday, bolstered by surprisingly strong investor demand in a government sale of $18 billion in new 2-year Treasurys.
U.S. Treasury prices finished mostly higher Monday, shaking off an early decline and benefiting from a downturn in the stock market. In general, stocks have risen while Treasurys have been driven lower in the wake of the Federal Reserve's decision last week to reduce official rates by a full half percentage point.
U.S. Treasurys were flat to slightly higher Friday as investors took a break from recent selling that has been based on rising expectations of climbing inflation amid soaring oil prices and a falling dollar.
U.S. government debt prices fell Thursday, extending earlier losses, after a surprise decline in weekly jobless claims scaled back worries about labor weakness and overall health of the economy.
U.S. Treasury debt prices slid sharply on Wednesday, led by long-dated bonds, due to inflation worries and demand for riskier assets such as stocks after the Federal Reserve's aggressive rate cut.
German chemical company BASF plans to sell a 7-year euro benchmark bond, one of the banks managing the sale said on Wednesday, as the outlook for credit markets brightened.
Treasury prices fell sharply Tuesday as investors celebrating the Federal Reserve's half-point cut in interest rates yanked their money out of bonds and shifted it to the stock market.
U.S. Treasury debt prices eased on Monday, as investors pared bets for a more aggressive interest rate cut from the Federal Reserve absent any further deterioration in the economy.
U.S. Treasurys eased Friday after soft economic data supported expectations of a modest interest rate cut by the Fed next week but disappointed investors betting on an aggressive reduction.
U.S. Treasury debt prices fell for a third day Thursday as signs of stability in the distressed credit markets caused investors to switch out of safe-haven government bonds.
U.S. government bond prices fell for a second day Wednesday as traders locked in profits from a rally fueled by speculation that the Federal Reserve could opt for a half-point interest-rate cut next week.
U.S. government debt prices fell in quiet trade Tuesday, weighed down by profit-taking and surging stocks, but expectations of a Federal Reserve interest rate cut next week curbed losses.
El-Erian will rejoin Pimco, one of the world's biggest fixed-income managers, as co-chief executive officer and co-chief investment officer, Harvard and Pimco said.
Forty-nine high-yield loan and bond deals worth 70 billion euros ($96.6 billion) have been affected by the credit market turmoil since mid-June, rating agency Standard & Poor's said on Tuesday.
U.S. Treasuries surged Monday, driving short-dated yields to two-year lows, as traders bet the Federal Reserve would aggressively cut interest rates next week and stocks eased on housing-related worries.
U.S. government debt prices soared Friday, sending short-dated yields to two-year lows, after surprisingly weak jobs data stoked recession fears and raised expectations for a Federal Reserve interest rate cut.
Treasury debt prices dipped Thursday, as reports of a stronger-than-expected U.S. service sector and job market reduced expectations for a deep cut in official interest rates.
Drugmaker AstraZeneca said on Thursday it had seen strong demand for $6.9 billion of bonds it issued to repay a significant part of the U.S. commercial paper taken on for the acquisition of biotechnology company Medimmune.
U.S. government debt prices rallied Wednesday, sending benchmark yields to five-month lows, after weak housing and employment reports solidified bets that the Federal Reserve would cut interest rates this month.