Mutual Funds Money Market

  • Prime fund assets for institutional investors fell by $34.22 billion to $131.27 billion in the week ended Oct. 18, while institutional government-only fund assets rose by $21.9 billion to $1.57 trillion, according to the report, published by iMoneyNet. These SEC rules are aimed to safeguard the sector from the market turbulence such as that seen after the...

  • *FX hedging costs take shine off higher-yielding Treasuries. TOKYO, Oct 19- Japanese investors may soon be forced out of their U.S. debt investments as currency hedging costs soar on the prospect of higher interest rates and tougher U.S. money market regulations. Japan's conservative fund managers turned to higher-yielding foreign bonds, particularly...

  • Oct 14- JPMorgan Chase& Co beat forecasts for revenues and profits on Friday as global bond and currency markets roared back to life in the third quarter following Britain's vote to leave the European Union. Brexit-inspired volatility along with changing expectations for monetary policy in the United States, Europe and Japan as well as money market reforms...

  • U.S.-BASED MONEY MARKET FUNDS POST $10.6 BLN OUTFLOWS OVER WEEKLY PERIOD; SECOND STRAIGHT WEEK OF LARGE WITHDRAWALS AS REFORMS TAKE EFFECT- LIPPER.

  • NEW YORK, Oct 11- A record single-day amount of U.S. Treasury bills landed on Tuesday in advance of new rules for the $2.7 trillion money market fund industry later this week. "There has been strong demand for some time due to the adjustments that money funds were making in anticipation of the deadline," said Lou Crandall, chief economist at Wrightson ICAP.

  • NEW YORK, Oct 11- A record single-day amount of U.S. Treasury bills landed on Tuesday in advance of new rules for the $2.7 trillion money market fund industry later this week. "There has been strong demand for some time due to the adjustments that money funds were making in anticipation of the deadline," said Lou Crandall, chief economist at Wrightson ICAP.

  • U.S.-BASED MONEY MARKET FUNDS POST $28.5 BLN OUTFLOWS OVER WEEKLY PERIOD; LARGEST WITHDRAWALS SINCE JULY- LIPPER.

  • NEW YORK, Oct 5- Assets of U.S. prime money market funds for institutional investors dropped more than $100 billion in the latest week, ahead of new regulations scheduled to go into effect next week, the Money Fund Report said on Wednesday. A number of institutional prime money funds have been converting to funds that own only U.S. government securities in an effort...

  • NEW YORK, Oct 5- Assets of U.S. prime money market funds for institutional investors posted a drop of over $100 billion in assets in the latest week as new regulations are scheduled to go into effect next week, the Money Fund Report said on Wednesday. A number of institutional prime money funds have been converting to funds that own only U.S. government securities in...

  • *CIB top gainer in Egypt, but overall market volumes low. DUBAI, Sept 26- Saudi banking shares rallied on Monday after the central bank said it would deposit about 20 billion riyals at commercial lenders and introduce two new money market instruments to fight a surge in market interest rates caused by low oil prices. Blue-chip lenders Samba Financial Group and...

  • *Yuan deposits in Hong Kong down a third from 2014 peak. HONG KONG, Sept 23- A rapidly shrinking pool of yuan deposits in Hong Kong will leave overnight and other short-term yuan interest rates susceptible for the rest of the year to the sort of big jumps seen in recent weeks. But interbank yuan borrowing rates have been unusually high in the past few weeks owing to a...

  • WASHINGTON, Sept 22- New U.S. rules intended to prevent runs on money market funds are already sending tremors through markets and sparking debates on Capitol Hill, even though they are still weeks away from coming fully online. Mutual funds face an Oct. 14 deadline to comply with Securities and Exchange Commission rules inspired by the 2007-09 financial crisis,...

  • *$52 bln debt issuance from Japan, most from banks. LONDON, Sept 21- Japanese banks and companies have nearly doubled their dollar-denominated debt issuance this year to the second highest on record as they seek to avoid the unusually high costs of raising dollars in other parts of the financial markets. According to Thomson Reuters data Japanese firms raised...

  • BIS WARNS OF RISKS TO FINANCIAL SYSTEM POSED BY LOW BANK STOCK VALUATIONS, SIGNS OF MONEY MARKET STRESS.

  • U.S.-BASED MONEY MARKET FUNDS POST $5.3 BLN OUTFLOWS OVER WEEKLY PERIOD; THIRD STRAIGHT WEEK OF OUTFLOWS- LIPPER.

  • SHANGHAI, Sept 13- China's money rates rose sharply for the second straight session on Tuesday as the central bank kept campaigning against short-term leverage and the prospect of higher U.S. rates raised the specter of renewed capital outflows. China's overnight repo benchmark notched its highest average close since January on Monday, after reports of...

  • U.S.-BASED MONEY MARKET FUNDS POST $17.5 BLN OUTFLOWS OVER WEEKLY PERIOD, AFTER $15.9 BLN OUTFLOWS THE WEEK PRIOR- LIPPER.

  • Gavin Black, 46, a former director on Deutsche Bank's money market derivatives and pool trading desks in London, entered his plea in federal court in Manhattan to conspiracy and wire fraud charges after waiving extradition from Britain. Black was indicted in June along with Matthew Connolly, formerly Deutsche Bank's director of the pool trading desk in New...

  • NEW YORK, Sept 8- A former Deutsche Bank AG trader pleaded not guilty on Thursday to U.S. charges that he conspired to manipulate Libor, the benchmark interest rate at the center of global investigations into misconduct at various banks. Gavin Black, a former director on Deutsche Bank's money market derivatives and pool trading desks in London, entered his plea in...

  • NEW YORK, Sept 6- BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, the U.S. Securities and Exchange Commission said on Tuesday. Mutual funds and money market funds offered by the world's largest asset manager will be able to borrow up to 10 percent of the value of their assets on an "...