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Investing Securities

  • SAN FRANCISCO, Oct 7- Illinois will bring $1.35 billion in general obligation refunding bonds to the municipal market next week, to take advantage of low U.S. interest rates ahead of December, when the Federal Reserve may hike rates. Illinois is the lowest-rated U.S. state but also its highest yielding, so the offer is expected to receive buyside interest from...

  • SAN FRANCISCO, Oct 7- Illinois will bring $1.35 billion in general obligation refunding bonds to the municipal market next week, to take advantage of low U.S. interest rates ahead of December, when the Federal Reserve may hike rates. Illinois is the lowest-rated U.S. state but also its highest yielding, so the offer is expected to receive buyside interest from...

  • NEW YORK, Oct 7- U.S. "The numbers were slightly worse, but the revisions brought it back in line, so all in all, it was fairly close to expected," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Earlier the yield rose as high as 1.77 percent, the highest since June 3.

  • ConocoPhillips said in an Oct. 6 filing PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a...

  • *Bankers planning to meet with Deutsche CEO in Washington. DOHA/ FRANKFURT, Oct 7- Deutsche Bank has secured support from its largest shareholder and more German lawmakers as it grapples with a confidence crisis following U.S. authorities' demands for up to $14 billion to settle allegations it mis-sold mortgage-backed securities. Deutsche shares plunged to...

  • NEW YORK, Oct 7- U.S. "The numbers were slightly worse, but the revisions brought it back in line, so all in all, it was fairly close to expected," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Earlier the yield rose as high as 1.77 percent, the highest since June 3.

  • Against this backdrop, 10- year bond yields in Portugal and Italy rose to their highest levels since June, while a sharp rise in British gilts dragged their German counterparts higher. For now, focus was on Italy, with Moody's ratings agency scheduled to release its review of the country's Baa2 rating later on Friday. "Moody's have not reviewed Italy since 2014 so...

  • LONDON, Oct 7- British 10- year government bonds headed for their heaviest weekly losses in more than a year on Friday, after an extended fall in the pound triggered fears that a surge in inflation would undermine fixed income investments. Although the initial dip proved short-lived, selling resumed in London and New York, driving a 1.5 percent loss on the day and...

  • NEW YORK, Oct 7- Charles Schwab Corp on Friday said it was again cutting the fees on five of its exchange-traded funds, slicing expenses just days after a similar move by rival BlackRock Inc.. San Francisco- based Schwab came later to ETFs than its rivals, but has grown its share of the market by offering funds at low cost and cutting fees competitively.

  • US TREASURY YIELDS INCREASE, 10- YEAR NOTE YIELDS RISE TO 1.76 PCT, HIGHEST SINCE JUNE 3.

  • ConocoPhillips said in an Oct. 6 filing PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a...

  • *Bankers planning to meet with Deutsche CEO in Washington. DOHA/ FRANKFURT, Oct 7- Deutsche Bank has secured support from its largest shareholder and more German lawmakers as it grapples with a confidence crisis following U.S. authorities' demands for up to $14 billion to settle allegations it mis-sold mortgage-backed securities. Deutsche shares plunged to...

  • ConocoPhillips said PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a World Bank...

  • NEW YORK, Oct 7- U.S. "The numbers were slightly worse but the revisions brought it back in line, so all in all, it was fairly close to expected," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Traders eased back on expectations that the Federal Reserve will raise rates in November, with such a probability put at 9.3 percent after the...

  • US TREASURY PRICES GAIN AFTER PAYROLLS DATA, 10- YEAR YIELDS FALL TO 1.73 PERCENT.

  • In contrast to the United States, which is heading for a quarter point interest rate rise in December, and to palpable monetary easing fatigue in Japan and Europe, many developing countries have plenty of ammunition still at their disposal. In Brazil, rate futures are pricing a 78 percent probability the central bank will slice 25 basis points off its 14.25...

  • Against this backdrop, 10- year bond yields in Portugal and Italy rose to their highest levels since June, while a sharp rise in British gilts dragged their German counterparts higher. For now, focus was on Italy with Moody's ratings agency scheduled to release its review of the country's Baa2 rating later on Friday. "Moody's have not reviewed Italy since 2014 so...

  • LONDON, Oct 7- Investors shoveled $11.4 billion into bond funds in the past week indicating a persistent "lust for yield," Bank of America Merrill Lynch said on Friday, with rumors of a potential European Central Bank tapering not yet impacting flows. Bond markets were spooked by a media report on Tuesday that the European Central Bank will probably wind down its...

  • Gains in shares of internationally focused UK firms, which boost overseas revenues and competitiveness every time the currency falls, drove the FTSE 100 index half a percent higher while other European stock markets fell. Sterling's battering, however, added to pressure on UK government bonds, pushing 10- year gilt yields 9 basis points higher to 0.951...

  • For now, focus turned to Italy with Moody's ratings agency scheduled to release its review of the country's Baa2 rating later on Friday. "Moody's have not reviewed Italy since 2014 so it's time for an update on its views," said Commerzbank's interest rate strategist David Schnautz. Italy has taken measures to tackle bad loans but these efforts may not be...