Investing Securities

  • CHICAGO, Dec 2- The junk-rated Chicago Public Schools on Friday announced a bigger, largely bond-financed capital budget a day after a veto by Illinois' governor put a $215 million hole in the district's budget. CPS said it added $600 million in projects to its fiscal 2017 capital plan, bringing the total to $938 million. On Thursday, Republican Governor Bruce...

  • NEW YORK— Municipal bond yields hit fresh highs again this week, continuing their strong climb since the U.S. presidential election. According to the AP Municipal Bond index, the 10- year muni yield was 2.810 percent as of 5 p.m. Eastern time Friday. Just a month earlier, it was 2.051 percent.

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the "taper-tantrum" months of 2013, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total Return Bond Fund, an open-end...

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the 2013 "taper-tantrum" months, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total...

  • The $59.2 billion DoubleLine Total Return Bond Fund, an open-end intermediate-term bond fund that invests primarily in mortgage-backed securities, is run by Jeffrey Gundlach, chief executive officer, and Philip Barach, its president.

  • JOHANNESBURG, Dec 2- Standard& Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept the country's sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on the sovereign unchanged, it said in a statement. About 90 percent of South Africa's...

  • *Global stocks tread water ahead of Italy referendum. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • NEW YORK, Dec 2- U.S. The Labor Department said nonfarm payrolls increased by 178,000 jobs last month, while the unemployment rate dropped to a more than nine-year low of 4.6 percent. "The fact that employment growth continues to be robust is going to give the Fed confidence this month and then looking to further tighten policy next year," said Mark Cabana, head of U.S....

  • LONDON, Dec 2- Euro zone bond yields fell on Friday, with investors grasping for the safety of government debt ahead of a crucial referendum in Italy this weekend that may once again go against consensus or deliver an unclear outcome. The same appears to be true of Austria, which on Sunday holds a presidential election that could see Norbert Hofer of the Freedom...

  • Dec 2- U.S. stock index futures fell on Friday on expectations of a strong jobs report, which would confirm an interest rate hike in the coming weeks. *A report from the U.S. Labor Department is expected to show that 175,000 jobs were added in the public and private sectors in November, compared with 161,000 added the previous month. *President-elect Donald Trump's...

  • Bank of America Merrill Lynch's Global Broad Market Index fell 1.76 percent in November, its steepest percentage drop since a 2.06 percent fall in July 2003. Trump's victory on Nov. 8 stunned many investors who had positioned for a White House helmed by Democrat Hillary Clinton and the likelihood of continued gridlock in Washington, which could leave the...

  • LONDON, Dec 2- Investors appear to be having some last-minute reservations about the gulf created between Italy and its euro zone peers in debt markets before the country's weekend referendum that may once again go against consensus or deliver unclear outcomes. The same appears to be true of Austria, which on Sunday holds a presidential election that could see...

  • BUDAPEST/ WARSAW, Dec 2- The zloty hit a 5- month low due to fears that Standard& Poor's may downgrade Poland's debt rating, while long-dated government bonds remained under pressure in Central Europe. S&P is expected to review Poland's debt rating late on Friday. Its' BBB+' rating is on negative outlook and a rise in government spending may put further pressure on...

  • LONDON, Dec 2- Investors appear to be having some last-minute reservations about the gulf created between Italy and its euro zone peers in debt markets before the country's weekend referendum that may once again go against consensus or deliver unclear outcomes. The same appears to be true of Austria, which on Sunday holds a presidential election that could see...

  • TOKYO, Dec 2- Japanese government bonds were mostly lowers on Friday, pressured by an overnight drop in U.S. President-elect Donald Trump's policies would fuel higher inflation. But this framework of keeping the 10- year yield near zero is not economically reasonable because this level discourages lending, former central bank policymaker Sayuri Shirai said...

  • TOKYO, Dec 2- The Bank of Japan may have to allow 10- year yields to rise to anywhere from 0.5 percent to 1 percent next year if inflation starts to pick up, former central bank policymaker Sayuri Shirai said on Friday. "If inflation takes off in the first half of next year, the BOJ would have to raise its 10- year yield target," said Shirai, who is currently a professor at...

  • week- Lipper@ NEW YORK, Dec 1- Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest rates higher and rattled investors, Lipper data for the latest week showed on Thursday. Investment-grade corporate bonds posted $1.3 billion in outflows during the seven days through Nov. 30.

  • NEW YORK, Dec 1- Investors pulled another $3 billion from U.S.-based taxable bond funds during the latest week, delivering the funds their fifth straight week of withdrawals, Thomson Reuters Lipper data showed on Thursday.

  • U.S-BASED INFLATION-PROTECTED BOND FUNDS ATTRACT $156 MLN IN WEEKLY PERIOD; 7 TH STRAIGHT WEEK OF INFLOWS- LIPPER.