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Investing Securities

  • *Anti-establishment 5- Star Movement wants 2017 poll. Renzi's emotional, midnight resignation announcement sent the euro lower and jolted stock and bond markets on concerns that early elections could follow, possibly paving the way for an anti-euro party, the 5- Star Movement, to come to power. Even Italy's fragile bank sector, which is looking to raise around...

  • *Italy bond yields rise 14 bps after' No' before pulling back. LONDON, Dec 5- Italy's borrowing costs rose as much as 14 basis points on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, but recovered much of the lost ground on hopes that a snap election would not be necessary. With worries before Sunday's vote...

  • *Polish bonds rebound, Warsaw leads regional equities rise. BUDAPEST/ WARSAW, Dec 5- Poland's surprise credit rating outlook upgrade from Standard& Poor's helped central European assets to shrug off the impact of Italian Prime Minister Matteo Renzi's fall on Monday. Political uncertainty grew in the European Union as Renzi confirmed that he would resign after...

  • SHANGHAI, Dec 5- Foreign investors bought Chinese government bonds for the 13th straight month in November on higher yields and easing restrictions on foreign access to the market, despite a sharp slide in the yuan currency. Traders attributed the rise to China's official inclusion in the International Monetary Fund's reserve basket in October, and...

  • NEW YORK, Dec 4- U.S. "Treasuries are likely to be up in price, down in yield, as a result of the referendum as a" safe haven "investment with the dollar already up significantly versus the Euro," said Mark Grant, Chief Strategist and Managing Director at Hilltop Securities. "Italy is a G7 country and third largest economy in euro zone and with a weak and troubled banking...

  • Dec 4- U.S. equity index futures fell on Sunday after a stinging defeat for Italian Prime Minister Matteo Renzi, who said he would resign following a referendum over his proposals for constitutional reform. "Buy bonds and sell stocks," hedge fund investor Douglas Kass, who runs Seabreeze Partners Management Inc, said after the vote. Major Wall Street indexes had...

  • Dec 4- U.S. equity index futures fell on Sunday after Italy's Prime Minister Matteo Renzi was projected to have lost a referendum on constitutional reform by a wide margin. Such a result would throw his future into doubt and open the door to renewed political instability in Italy. Major Wall Street indexes had previously hit a series of record highs over the past...

  • NEW YORK, Dec 4- U.S. Treasury futures prices rose on Sunday after Italian voters were seen rejecting a change to the country's constitution, which was designed to hasten the legislative process. President-elect Donald Trump's policies and higher oil prices would stoke inflation, which erodes bond prices.

  • U.S. 10- YEAR TREASURY NOTE FUTURES PRICES RISE 0.35 PCT AFTER TRADING REOPENS FOLLOWING ITALIAN REFERENDUM.

  • CHICAGO, Dec 2- The junk-rated Chicago Public Schools on Friday announced a bigger, largely bond-financed capital budget a day after a veto by Illinois' governor put a $215 million hole in the district's budget. CPS said it added $600 million in projects to its fiscal 2017 capital plan, bringing the total to $938 million. On Thursday, Republican Governor Bruce...

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the "taper-tantrum" months of 2013, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total Return Bond Fund, an open-end...

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the 2013 "taper-tantrum" months, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total...

  • The $59.2 billion DoubleLine Total Return Bond Fund, an open-end intermediate-term bond fund that invests primarily in mortgage-backed securities, is run by Jeffrey Gundlach, chief executive officer, and Philip Barach, its president.

  • JOHANNESBURG, Dec 2- Standard& Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept the country's sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on the sovereign unchanged, it said in a statement. About 90 percent of South Africa's...

  • *Global stocks tread water ahead of Italy referendum. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • NEW YORK, Dec 2- U.S. The Labor Department said nonfarm payrolls increased by 178,000 jobs last month, while the unemployment rate dropped to a more than nine-year low of 4.6 percent. "The fact that employment growth continues to be robust is going to give the Fed confidence this month and then looking to further tighten policy next year," said Mark Cabana, head of U.S....

  • LONDON, Dec 2- Euro zone bond yields fell on Friday, with investors grasping for the safety of government debt ahead of a crucial referendum in Italy this weekend that may once again go against consensus or deliver an unclear outcome. The same appears to be true of Austria, which on Sunday holds a presidential election that could see Norbert Hofer of the Freedom...

  • Dec 2- U.S. stock index futures fell on Friday on expectations of a strong jobs report, which would confirm an interest rate hike in the coming weeks. *A report from the U.S. Labor Department is expected to show that 175,000 jobs were added in the public and private sectors in November, compared with 161,000 added the previous month. *President-elect Donald Trump's...

  • Bank of America Merrill Lynch's Global Broad Market Index fell 1.76 percent in November, its steepest percentage drop since a 2.06 percent fall in July 2003. Trump's victory on Nov. 8 stunned many investors who had positioned for a White House helmed by Democrat Hillary Clinton and the likelihood of continued gridlock in Washington, which could leave the...