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Investing Securities

  • ATHENS, May 2- Pretty much everyone agrees that Greece needs debt relief; what they don't agree on is what debt relief means. Only this time it will not just pit Greece against its lenders, but lender against lender as well. This is why debt relief is on the agenda-- with Greece perhaps quixotically pushing for something as early as May 22, when the Eurogroup of euro zone...

  • LONDON, May 2- Greece's borrowing costs hit their lowest since late 2014 on Tuesday after Athens announced it had agreed a deal on bailout reforms, paving the way for a disbursement of rescue funds. Greece and its foreign creditors reached a deal early on Tuesday on a package of bailout-mandated reforms, Greek Finance Minister Euclid Tsakalotos said, a move that...

  • US 10-YEAR TREASURY YIELDS FALL TO SESSION LOW OF 2.32 PERCENT.

  • US TREASURY PRICES PARE LOSSES AFTER AUTO SALES DATA, 10- YEAR YIELDS FALL TO 2.33 PERCENT.

  • *Fed meeting statement due out Wednesday in focus. NEW YORK, May 2- U.S. I think that the market is anticipating that they leave the door open for a June move and maybe some hints about whats going on with the balance sheet, said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York.

  • Ambac Assurance Corp, which insures $1.3 billion of COFINA debt, filed a similar lawsuit in San Juan federal court, alleging its constitutional rights were also violated, and including among its defendants Puerto Rico's federal financial oversight board and each of the board's seven members. With $70 billion in debt, a 45- percent poverty rate and...

  • LONDON, May 2- Gold on Tuesday fell to a new three-week low, bringing losses this week to more than one percent, as demand for riskier assets drove stocks and U.S. treasury yields higher and the dollar hit a six-week peak against the yen. "Risk appetite is back," said Societe Generale analyst Robin Bhar. at 1242 GMT, having hit $1,251.88 an ounce, the lowest since.

  • *Wall Street seen opening lower after Nasdaq's record high Monday. LONDON, May 2- Forecast-beating company earnings and signs of underlying economic strength pushed European shares higher on Tuesday while tech stocks lifted Asian stocks to two-year highs as investors shrugged off sub-par Chinese factory activity data. However, index futures pointed to a...

  • Ambac Assurance Corp, which insures $1.3 billion of COFINA debt, filed a similar lawsuit in San Juan federal court, alleging its constitutional rights were also violated, and including among its defendants Puerto Rico's federal financial oversight board and each of the board's seven members. With $70 billion in debt, a 45- percent poverty rate and...

  • LONDON, May 2- The dollar hit a six-week high against the yen on Tuesday, lifted by a surge in U.S. government bond yields after U.S. Mnuchin told Bloomberg in an interview on Monday that issuing debt exceeding 30- years in maturity "can absolutely make sense," driving 30- year yields to a three-week high and returns on 10- year bonds to a session peak.

  • May 2- U.S. stock index futures were little changed on Tuesday ahead of the start of the Federal Reserve's two-day meeting and quarterly corporate results from Apple. *Shares of Apple were up 0.2 percent at $146.90 in premarket trading, after hitting a record high a day earlier. *Wall Street climbed on Monday, boosted by gains in marquee tech stocks, including Apple,...

  • LONDON, May 2- Gold hovered close to a three-week low on Tuesday as demand for riskier assets drove stocks and U.S. treasury yields higher and the dollar hit a six-week peak against the yen. Spot gold was down 0.1 percent at $1,255.02 an ounce at 1045 GMT, while U.S. gold futures were up 0.1 percent. Gold on Monday fell 0.9 percent and touched $1,253.66 at one point, its...

  • Greece and its foreign creditors reached a deal early on Tuesday on a package of bailout-mandated reforms, Greek Finance Minister Euclid Tsakalotos said, a move that should unlock cash needed to repay upcoming debt obligations and avoid a default. "Greece has bought some time, but the IMF needs to be involved for a real breakthrough," said DZ Bank strategist...

  • LONDON, May 2- The dollar hit a one-month high against the yen on Tuesday, lifted by a surge in U.S. government bond yields after U.S. With European markets returning after Monday's May Day holidays, the greenback gained around a quarter of a percent to trade as high as 112.18 yen, its strongest since March 31 and close to a six-week high of 112.21 yen.

  • *Euro holds ground before May 7 French vote. TOKYO, May 2- The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. "The dollar is moving in tandem with Treasury yields, which saw its benchmark rise above the 2.3 percent threshold with Mnuchin seemingly very enthusiastic about issuing so-called ultra long-term...

  • With $70 billion in debt, a 45 percent poverty rate and near-insolvent public health and pension systems, a torrent of litigation could force Puerto Rico into a so-called Title III proceeding- an in-court debt-cutting process similar to U.S. bankruptcy. With no deals reached, the expiration of the freeze opened the floodgates for stakeholders to take Puerto...

  • TOKYO, May 2- Japanese government bond prices followed a slide by U.S. Low liquidity constrained JGBs, with investors not inclined to move very much with Tokyo markets closed for three days from Wednesday for the Golden Week holidays. Key events due to occur while the Tokyo markets are closed include the U.S.

  • *As dollar/yen rises, euro holds ground before May 7 French vote. TOKYO, May 2- The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. "The dollar is moving in tandem with Treasury yields, which saw its benchmark rise above the 2.3 percent threshold with Mnuchin seemingly very enthusiastic about issuing...

  • May 2- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 2- May Belgium Auction of Treasury bills 2- May Netherlands DTC auction 3- May Sweden Auction of government bonds 3- May Germany Auction of 10- year Federal bonds 4- May United Kingdom Auction of 1 3/ 4% Treasury...

  • May 2- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 2- May Belgium Auction of Treasury bills 2- May Netherlands DTC auction 3- May Sweden Auction of government bonds 3- May Germany Auction of 10- year Federal bonds 4- May United Kingdom Auction of 1 3/ 4% Treasury...