Investing Securities

More

  • Boom in Japan leveraged ETFs exposes market risk Tuesday, 24 Nov 2015 | 3:10 AM ET

    TOKYO, Nov 24- Japan's main exchange-traded fund, the world's largest, has become so popular with an investment mandate to double returns that it is distorting the Tokyo futures market and exposing stocks to unexpectedly large price swings. The ETF is by far the most actively traded instrument on the stock exchange, with its daily turnover routinely surpassing...

  • JGBs edge down, 20-year sale in focus Tuesday, 24 Nov 2015 | 2:32 AM ET

    The Bank of Japan offered to buy a total of 1.1 trillion yen in JGBs under its asset purchase plan, including 400 billion yen of JGBs in the 3- to 5- year zone, and 400 billion yen of JGBs maturing between five and 10 years. The central bank offered to buy only 300 billion yen of one-year to three-year bonds, compared with 400 billion yen at its last purchase offer, which...

  • BRASILIA, Nov 23- Standard& Poor's cut Brazilian miner Samarco Mineracao SA's debt rating further into speculative territory on Monday as the deadly dam disaster compromises the finances of the joint venture owned by BHP Billiton and Vale SA. S&P cut Samarco's global scale corporate credit to' BB-' from' BB+', both non-investment grade ratings, and kept its credit...

  • Nov 23- Activist investor Carl Icahn disclosed a stake in Xerox Corp, and called the printer and copier maker's shares "undervalued", sending its shares up 7.6 percent in extended trade. Icahn, who recently took stakes in American International Group and Freeport-McMoran Inc, said he would look at getting representation on Xerox's board, as well as pursuing...

  • BUENOS AIRES/ LONDON, Nov 23- Argentine bonds inched up on Monday after opposition candidate Mauricio Macri scraped to a victory in the presidential election on expectations of a more investor-friendly government, traders said, while stocks broadly fell on profit-taking. On Sunday, he won Argentina's first- ever run-off, putting an end to 12 years of Peronist...

  • NEW YORK, Nov 23- U.S. The strong bidding from investors at the $26 billion two-year debt sale was surprising since shorter-dated issues have been under pressure on the notion that the Federal Reserve will raise interest rates at its policy meeting in December. "The path of least resistance is for further flattening," said Mike Lorizio, head of Treasuries trading...

  • U.S. 2-year note sold at highest yield since 2010 Monday, 23 Nov 2015 | 1:23 PM ET

    NEW YORK, Nov 23- U.S. Treasury Department on Monday sold $26 billion of two-year notes to solid investor demand at a yield of 0.948 percent, which was the highest since April 2010, Treasury data showed.

  • NEW YORK, Nov 23- U.S. Treasuries prices fell slightly on Monday as investors reduced their debt holdings in advance of an auction of $26 billion in two-year notes, part of this week's $90 billion in fixed-rate coupon supply. "The market is under pressure, but there has been some dip buying," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York.

  • But the firm will also use funds managed by BlackRock, the largest manager of exchange-traded funds under its iShares brand and a business partner of Fidelity's. When using non-Fidelity products, Fidelity Go managers will "initially select among ETFs advised by BlackRock, including iShares ETFs," according to a regulatory filing. BlackRock, the world's...

  • Nov 20- The market for U.S. government debt is unlikely to provide stable, high-quality liquidity when trading is mostly done away from public markets, a Federal Reserve policymaker said on Friday. Currently, "customer trades occur mainly off of public markets, except at times of market stress when dealers may be unable or unwilling to internalize them," Fed...

  • LONDON, Nov 20- UK markets have not even begun to discount the chance that Britain could vote to leave the European Union next year, raising the risk of a blowup closer to the vote and complicating the timing of any Bank of England interest rate rise, top investors say. This failure to gradually discount those risks adds a critical element of uncertainty to UK gilts,...

  • *U.S. yield curve holds at flattest since August. NEW YORK, Nov 20- U.S. "The Fed will be raising rates into an environment of low inflation and weakening commodity prices, which explains the curve flattening we've seen in recent days," said Tom Simons, money market strategist at Jefferies& Co. in New York.

  • US STOCKS-Futures edge higher; Nike jumps on buyback Friday, 20 Nov 2015 | 7:31 AM ET

    Nov 20- U.S. stock index futures were slightly higher on Friday with no catalysts to drive the market convincingly in either direction. *European Central Bank President Mario Draghi hinted again at the bank's readiness to expand its stimulus program. *Nike's shares jumped 4.3 percent to $131.25 in premarket trading after the Dow component announced a $12...

  • TOKYO, Nov 20- Japan's three-month bill yield swooned to a record low on Friday as foreign investors piled into short-term Japanese notes, which now offer them attractive yields when converted to dollars, in a popular investment strategy called an asset swap. The yield on Japan's three-month government bill fell to a record low of -0.150 percent on Friday while...

  • JGBs slip as investors take profits ahead of holiday Friday, 20 Nov 2015 | 2:04 AM ET

    TOKYO, Nov 20- Japanese government bonds mostly weakened on Friday, as investors refrained from active buying ahead of Monday's national holiday in Japan. The Bank of Japan said on Friday that it will release a new set of price indicators this month that reconfigures the way price trends are measured, as the central bank seeks to show the extent to which the...

  • *Amount of Asia debt available for trading still relatively small. SINGAPORE/ HONG KONG, Nov 20- Singapore Exchange Ltd's new corporate bond trading platform is expected to travel a difficult road, with some traders fearing that long-standing problems in Asia's debt market will see the bourse struggle to make headway just like others before it.

  • NEW YORK, Nov 19- Stock funds posted $2.2 billion in outflows during the week that ended Nov. 18, Lipper data showed Thursday, marking a second consecutive week of skittishness by mutual fund investors. Positive flows into ETFs overall- $1.0 billion into stocks and $1.4 billion into bonds- were outweighed by strong mutual fund withdrawals as the spotlight focused...

  • U.S-BASED INFLATION-PROTECTED BOND FUNDS ATTRACT $37 MLN INFLOWS, AFTER OUTFLOWS OF $88 MLN PREVIOUS WEEK- LIPPER.

  • U.S.-BASED HIGH-YIELD BOND FUNDS POST $1.4 BLN OUTFLOWS OVER WEEKLY PERIOD; SECOND STRAIGHT WEEK OF OUTFLOWS- LIPPER.

  • U.S.-BASED CORPORATE INVESTMENT-GRADE BOND FUNDS ATTRACT $945 MLN INFLOWS DURING WEEKLY PERIOD; SECOND STRAIGHT WEEK OF INFLOWS- LIPPER.