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  • NEW YORK, June 2- A turnaround plan by Puerto Rico utility PREPA suggests restructuring debt in way that might lead to a downgrade, and discussions with creditors could center on sharing the costs of a gap of about $1 billion identified by the utility, analysts said on Tuesday. PREPA proposed a plan on Monday that requires investment of at least $2.3 billion and...

  • June 2- U.S. stocks eased on Tuesday as a jump in bond yields hit utilities and other top dividend payers, but energy gains and optimism Greece is near a deal with creditors limited losses. "Today the utilities are way underperforming, obviously because people are thinking rates are going to go up sooner rather than later," said Uri Landesman, president of Platinum...

  • NEW YORK, June 2- The Pimco Total Return Active Exchange-Traded Fund posted net outflows of $53.9 million in May, ending the month with $2.6 billion in assets under management, according to Morningstar data on Tuesday. Pacific Investment Management Co, a unit of Germany's Allianz SE, had assets under management of $1.59 trillion as of March 31.

  • June 2- U.S. stocks dipped late Tuesday afternoon as a jump in bond yields weighed on utilities, but gains in energy shares and optimism that Greece may be close to a deal with its creditors limited losses. "Today the utilities are way underperforming obviously because people are thinking rates are going to go up sooner rather than later, but almost everything else...

  • *Sell-off in Europe bond market weighs on U.S. NEW YORK, June 2- U.S. long-dated Treasury debt yields rose to two-week highs on Tuesday, drawing support from a rise in European yields after news inflation in the euro zone was picking up and optimism about Friday's U.S. non-farm payrolls report. "The big decline in Bunds prices was a major catalyst behind the recent...

  • June 2- Sometimes, as with a glorious sunset or a can't-look-away train wreck, the best thing to do is to stand back and bear witness. Ladies and gentlemen, I give you the Petrobras 100- year bond. The $2.5 billion bond, issued by subsidiary Petrobras Global Finance, was launched at a yield of 8.45 percent on Monday.

  • LONDON, June 2- Tom Hayes, the first trader to stand trial on alleged Libor rigging charges, was called by Merrill Lynch and Deutsche Bank about possible job offers after being fired by Citigroup for alleged interest rate rigging, a London court heard on Tuesday. Hayes, who worked for UBS as a derivatives trader in Tokyo until he was poached by Citigroup> in 2009, has...

  • *Sell-off in Europe bond market weighs on U.S. NEW YORK, June 2- U.S. long-dated Treasury debt yields rose to two-week highs on Tuesday, drawing support from an inflation data-related rise in European yields and overall optimism about Friday's U.S. non-farm payrolls report. "This is a European-driven sell-off, with a U.S. market looking ahead to this Friday's...

  • LONDON, June 2- The chief executive of Aberdeen Asset Management, Martin Gilbert, said on Tuesday the bond market posed a systemic risk as and when interest rates rise, although he still hoped it would be a "damp squib". Gilbert also touched on several other leading sector topics including the potential impact on the industry should Britain vote to leave the...

  • US STOCKS-Futures lower as Greece uncertainty weighs Tuesday, 2 Jun 2015 | 7:26 AM ET

    June 2- U.S. stock index futures were slightly lower on Tuesday, tracking European markets, as uncertainty lingered regarding the outcome of Greece's negotiations with creditors. *Greece must repay four loans totaling 1.6 billion euros to the International Monetary Fund this month, starting with a 300 million euro payment on June 5. *The leaders of Germany,...

  • SHANGHAI, June 2- China's Hubei province will auction the second batch of municipal bonds worth about 36.4 billion yuan on June 9, according to a notice posted on one of the country's main bond clearing houses on Tuesday. Previously, Hubei province auctioned 20 billion yuan of three-, five-, seven-, and 10- year municipal bonds at yields of 2.85, 3.15, 3.40, and 3.45...

  • By Hideyuki Sano TOKYO, June 2- Institutional investors including hedge funds are scrutinising the past performance of Japanese government bonds for clues on where French sovereign debt is headed following one of its biggest routs in years. The swings in French bonds are so similar that some hedge funds have created charts plotting European yields over...

  • TOKYO, June 2- Japanese government bond prices were lower on Tuesday pressured by an overnight retreat in U.S. Treasuries, although the market managed to trim losses after a well-received 10- year auction. The bid-to-cover ratio, a gauge of demand, at Tuesday's 2.4 trillion yen 10- year sale rose to 2.71 from 2.24 at the previous sale last month.

  • NEW YORK, June 1- Debt-ridden Puerto Rican utility PREPA on Monday proposed a turnaround plan requiring at least $2.3 billion of investment, but it was met with skepticism by creditors, with a bondholder representative calling parts of the plan "unworkable". Its plan calls for capital investment of $2.3 billion over either five or fifteen years, constructing an...

  • WASHINGTON, June 1- A leading mutual fund trade group is asking U.S. regulators to pressure their international counterparts to abandon efforts to draft criteria that could be used by countries to designate large funds as systemically risky. In a May 28 letter made public on Monday, Investment Company Institute President Paul Schott Stevens told the heads of...

  • NEW YORK, June 1- A plan to turn around Puerto Rico's struggling utility PREPA has some aspects that are "unworkable and will require further negotiation," said a financial adviser to its bondholders on Monday. Debt-ridden PREPA had a deadline to provide creditors with a turnaround plan by Monday. "The bondholders have received PREPA's plan," said Stephen Spencer,...

  • NEW YORK, June 1- U.S. The Institute for Supply Management said its index of national factory activity rose to 52.8 in May, from April's 51.5. "We had some numbers today that probably had little a bit more strength to them than what the market was expecting and that has caused this selloff," said David Coard, head of fixed income sales and trading at Williams Capital in...

  • LONDON, June 1- Tom Hayes, an ex-trader on trial in London for allegedly conspiring to rig benchmark interest rates, at first agreed to plead guilty but later changed his mind, a prosecutor told the court on Monday. The former yen derivatives trader at UBS and Citigroup has pleaded not guilty to eight counts of conspiracy to defraud between 2006 and 2010, a criminal...

  • June 1- U.S. stock index futures were higher on Monday, after closing down the previous week, as investors focused on the bright spots in China's factory activity data and ahead of a string of domestic economic data. *Intel shares were up 0.6 percent at $34.68 in premarket trading on reports that the company was nearing a deal to buy programmable-chip maker Altera.

  • SHANGHAI, June 1- China's Tianjin municipality will auction 13.2 billion yuan of bonds ranging in tenors from three to 10 years on June 8, according to a notice on the website of a major bond clearing house published on Monday. Tianjin will be the eighth government to auction municipal bonds in China this year. The 13.2 billion yuan action comprises three-year...