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Investing Securities

  • JOHANNESBURG, May 16- South Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments to the country after its credit rating was downgraded to junk. Kganyago, due to announce his first rates decision since S&P Global Ratings and Fitch cut South Africa's credit score to...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • HONG KONG, May 16- Hong Kong and Chinese regulators said on Tuesday they had formally approved a long-awaited scheme to connect China's $9 trillion bond market with overseas investors, another key step in the opening up of China's capital markets. Plans for a "Bond Connect" programme have been in the works since Beijing launched a scheme allowing two-way trading...

  • US TREASURY YIELDS DECLINE SLIGHTLY AFTER DATA, 10- YEAR YIELDS FALL TO 2.35 PERCENT.

  • LONDON, May 16- London is good at clearing euro-denominated derivatives deals and there is no case to shift the business to the continent after Brexit, the policy chief for Britain's financial sector said on Tuesday. The combative stance of Catherine McGuinness, newly appointed head of policy for the City of London financial district, contrasted with the more...

  • *Investors pile into France 30- year bond sale, books still open. *Germany, Belgium among potential sellers of long-dated bonds. LONDON, May 16- France received more than 30 billion euros of orders for a new 30- year bond on Tuesday, highlighting strong demand for a sale seen as the first big test of sentiment following the French presidential election.

  • *France's 10 s/30s yield spread widens to highest since Dec 2014. *Germany, Belgium among potential sellers of long-dated bonds. LONDON, May 16- The gap between 10- and 30- year French government bond yields reached its widest since December 2014 ahead of a 30- year bond sale seen as the first big test of sentiment since France's presidential election.

  • *France's 10 s/30s yield spread widens to highest since Dec 2014. *Germany, Belgium among potential sellers of long-dated bonds. LONDON, May 16- The gap between 10- and 30- year French government bond yields reached its widest since December 2014 ahead of a 30- year bond sale seen as the first big test of sentiment since France's presidential election.

  • TOKYO, May 16- Japanese government bonds edged lower on Tuesday, underpinned by decent demand at a five-year auction but pressured by rising U.S. "One of the reasons is that the BOJ has been tapering its purchases in the two-year sector, so a lot of dealers who held inventory of two-year JGBs are unwinding their positions," said Tadashi Matsukawa, head of fixed income...

  • *BOJ can "always" top up stimulus as needed- Kuroda. TOKYO, May 16- Bank of Japan Governor Haruhiko Kuroda said he was "quite sure" the central bank could smoothly exit from its massive monetary stimulus when the appropriate time to do so came. "There may be some challenging issues, but I'm quite sure the BOJ has enough tools" to manage an exit from its stimulus programme,...

  • 1- Jun Spain Bond auction 1- Jun Japan 3- month discount bill auction 1- Jun Japan Auction of 10- year government bonds 5- Jun France Auction of BTF Treasury notes 6- Jun United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022. 6- Jun Netherlands DTC auction 6- Jun Japan Auction of 30- year government bonds 7- Jun Germany Auction of 5- year Federal notes 7- Jun Sweden...

  • FRANKFURT- European Central Bank Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group 1800 GMT. BRUSSELS- European Economic Area Council. FRANKFURT- European Central Bank governing council non-monetary policy meeting.

  • FRANKFURT- European Central Bank Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group 1800 GMT. BRUSSELS- European Economic Area Council. FRANKFURT- European Central Bank governing council non-monetary policy meeting.

  • 1- Jun Spain Bond auction 1- Jun Japan 3- month discount bill auction 1- Jun Japan Auction of 10- year government bonds 5- Jun France Auction of BTF Treasury notes 6- Jun United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022. 6- Jun Netherlands DTC auction 6- Jun Japan Auction of 30- year government bonds 7- Jun Germany Auction of 5- year Federal notes 7- Jun Sweden...

  • The SEC said James Im and Kee Chan fraudulently generated more than $750,000 of profit beginning in 2010 by having on numerous occasions "deliberately misled and lied to customers" whose trades they handled. The SEC said Im, 40, of Tarrytown, New York, has not settled its civil case, and invoked his constitutional right against self-incrimination when...

  • *New York state manufacturing survey turns negative. *North Korea worries spark overnight safety buying. "There are so many unknowns for us to really move in either direction," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...

  • The U.S. Securities and Exchange Commission said former managing directors James Im and Kee Chan fraudulently generated more than $750,000 of profit by having "deliberately misled and lied to customers" whose trades they handled, on numerous occasions beginning in 2010.. The SEC said Im has not settled its civil case, and asserted his constitutional right...

  • The U.S. Securities and Exchange Commission said Kee Chan, a former Nomura managing director, "deliberately misled and lied to customers" on numerous occasions from 2010 to March 2012, including by making up "colorful but entirely fictitious exchanges" with customers on the other side of the trades. Chan, 46, of Manhasset, New York, generated hundreds of thousands...