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  • BOSTON, Aug 11- Few things from 1985 achieved. "As an old guy who had some 10 percent coupons mature in our portfolio in the last few years, I am devastated by their absence," said Stewart Taylor, a 60- year old government bond fund manager at Eaton Vance in Boston. For 30 years, like clockwork, CUSIP 912810 DS4, the identifier for $7.15 billion in bonds issued by the U.S....

  • NEW YORK, July 13- Investors in Puerto Rico hope to get specific information about how the commonwealth plans to restructure debt when government officials meet with creditors on Monday, but there are fears that any bungled messaging could knock bond prices. Puerto Rico Governor Alejandro Garcia Padilla dropped a bombshell on holders of its $72 billion debt...

  • And that was before Puerto Rico Governor Alejandro Garcia Padilla admitted Monday that the country's budget gap was bigger than thought and it could not repay more than $70 billion in debt. Over the past year, funds run by Goldman Sachs Group Inc have increased their exposure to Puerto Rico to attract yield-hungry investors, U.S. regulatory filings show.

  • June 28- Puerto Rico needs to restructure its debts and should make reforms including cutting the number of teachers and raising property taxes, a report by former International Monetary Fund economists on the Caribbean island's financial woes said. The report, which was obtained by Reuters, gave a damning review of how Puerto Rico has arrived at its current...

  • June 28- Puerto Rico is set to release a key financial stability report by former IMF economists on Monday, officials said on Sunday, in a crucial week for the island as bond deadlines come due and investor concerns increase about the possibility for debt restructurings and a limitation on government services. Puerto Rico is struggling with a $73 billion debt...

  • June 28- Puerto Rico is set to release a key report by former IMF economists on its financial stability on Monday, officials said Sunday, which could point toward a fix for the island but has the potential to rattle bond prices if its predictions are pessimistic. Puerto Rico, struggling with a $73 billion debt load and faltering economy, is facing crunch time this...

  • LONDON, June 16- European shares hit a near four-month low and yields on lower-rated euro zone sovereign debt climbed to their highest point since November, as financial markets braced for the possibility of Greece defaulting on its debt. Greek Finance Minister Yanis Varoufakis told a German newspaper that he is not planning to present new reform proposals at...

  • *Prior chief had no PhD; most Fed policymakers do. SAN FRANCISCO, June 10- The Federal Reserve Bank of Dallas is seeking a chief with a "direct, open and honest personality" and the scholarly chops to make his mark as U.S. central bankers near the critical decision of when and how fast to raise interest rates. Richard Fisher, who ran the Dallas Fed for 10 years until his...

  • SAN FRANCISCO, June 10- The Federal Reserve Bank of Dallas is seeking a chief with a "direct, open and honest personality" and the scholarly chops to make his mark on U.S. monetary policy as the bank's formal search for a new president enters its eighth month. "Seems like the Dallas Fed wants someone very similar to Richard Fisher, PhD excluded," said Eric Stein, a...

  • NEW YORK, May 22- If you can't beat them, buy them. That's the theory underlying a move by a growing number of mutual fund managers at companies including T. Rowe Price and Eaton Vance to slip shares of indexed exchange traded funds into their actively managed fund portfolios. Putting money into ETFs rather than having it sit in cash is a "cheap and efficient way to gain...

  • BOSTON, May 18- U.S. bond fund managers who have a large chunk of their portfolios invested in stocks say those holdings could give them an extra edge in a debt market selloff. "The challenge today is that when credit spreads widen, they do so quickly," said Henry Peabody, who helps run the $1.9 billion Eaton Vance Bond Fund. But it has become harder than ever to buy and sell...

  • May 14- In an unprecedented move, Eaton Vance Corp will offer to help some brokerages pay their technology costs to make the fund company's new breed of exchange-traded funds available to investors, Tom Faust, Eaton's chief executive officer, told Reuters this week. The moves come as a number of industry officials question whether there will be investor demand...

  • NEW YORK, May 13- A downgrade of Chicago's debt rating to junk created confusion in the $3.7 trillion U.S. municipal bond market on Wednesday, with prices sliding in a volatile session and predictions that they still have further to fall. While Moody's Investors Service downgraded the city's $8.1 billion of general obligation debt to junk at Ba1, other big Wall...

  • NEW YORK, May 11- The rebound in oil prices since mid-March is paying off for holders of corporate bonds of energy companies, and investors are confident that they will outperform Treasuries this year, despite lingering risks. "Treasuries are significantly overpriced in the current market while energy bonds are cheap," said Kevin Dachille, institutional...

  • *Officials suggest no rush to trim $4.5 trln balance sheet. *As much as $500 bln in mortgage, Treasury bonds expire in 2016. NEW YORK/ SAN FRANCISCO, May 7- The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when as much as $500 billion in bonds expire and risk disrupting markets and the U.S. economic...

  • *Officials suggest no rush to trim $4.5 trln balance sheet. *Some $500 bln in mortgage, Treasury bonds expire in 2016. NEW YORK/ SAN FRANCISCO, May 7- The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when some $500 billion in bonds expire and risk disrupting markets and the U.S. economic recovery.

  • CHICAGO/ NEW YORK, April 8- Rahm Emanuel may have been elected to a second term as Chicago's mayor on Tuesday but now he faces a stark choice: inflict pain on the city's population in the form of unpopular measures such as higher taxes or kick its problems further down the road and risk a fiscal crisis that could even lead to bankruptcy later. "The day there's no more...

  • March 10- A new trading exchange for derivatives is loosening the stranglehold that the world's biggest investment banks have on the multi-trillion dollar market in a crucial test of financial reforms that attempt to reduce systemic risks. The year-old trading venue, trueEX Group LLC, surprised many on Wall Street when it had nearly 20 percent of the trades in...

  • ETF’s about to pass $2 trillion in assets Thursday, 4 Dec 2014 | 3:38 PM ET

    Over the next few days—maybe as early as Friday—ETFs as a category will pass $2 trillion in assets.

  • Midday movers: Boeing, eBay, PetSmart & More Wednesday, 21 May 2014 | 1:02 PM ET
    NYSE EuroNext flag hangs outside the NYSE.

    Some of Wednesday's midday movers: