Investing Securities

  • LONDON, May 6- Investors pulled out of equities at the fastest rate since last summer's market rout and cut cash exposure, opting instead for less risky fixed income and precious metals assets ahead of U.S. jobs data, Bank of America Merrill Lynch said on Friday. Money market funds bled $4.3 billion in the week to May 4, BAML said, bringing the total outflow in the past...

  • SHANGHAI, May 5- Numerous issuers of high-yield notes are due to make debt payments in May in the US $8 trn Chinese bond market, which is pricing in increasing risks after an unprecedented number of defaults so far this year. "With more credit events happening, it is possible that onshore agencies will issue more downgrades and that could further reprice the credit...

  • TOKYO, May 6- Japanese government bond prices were steady to firmer on Friday after U.S. Treasuries gained over the last three days when Japan's markets were closed for the "Golden Week" holidays. The re-offering auction by the Ministry of Finance of 200 billion yen JGBs with one to five years to maturity drew strong bids, underscoring solid demand in the market.

  • Though 34 states had declining debt levels, two had double-digit increases: Kansas and South Dakota, at 40 percent and 20 percent, respectively. States with the largest year-over-year debt level declines were Nebraska and North Dakota, each with a 15 percent drop, and Utah, which saw its debt decrease 12 percent. States with the highest per capita debt levels were...

  • NEW YORK, May 5- U.S. stocks ended steady on Thursday as a mixed quarterly earnings season winds down, but Treasury yields fell to two week lows as investors hedged positions ahead of the monthly U.S. government employment report due on Friday. The U.S. Labor Department's jobs report is forecast to show nonfarm payrolls rose by 202,000 in April while the...

  • U.S-BASED INFLATION-PROTECTED BOND FUNDS ATTRACT $353 MLN DURING WEEKLY PERIOD; 10 TH STRAIGHT WEEK OF NET NEW CASH- LIPPER.

  • U.S.-BASED STOCK MUTUAL FUNDS POST $962 MLN OUTFLOW; STOCK ETFS POST $10.2 BLN OUTFLOW OVER WEEKLY PERIOD- LIPPER.

  • U.S.-BASED HIGH-YIELD BOND FUNDS POST $1.8 BLN OUTFLOW OVER WEEKLY PERIOD; LARGEST WITHDRAWALS SINCE LATE JANUARY- LIPPER.

  • U.S.-BASED MONEY MARKET FUNDS ATTRACT $6.5 BLN OVER WEEKLY PERIOD; SECOND CONSECUTIVE WEEK OF INFLOWS- LIPPER.

  • NEW YORK, May 5- Jeffrey Gundlach, the chief executive of DoubleLine Capital, on Thursday said he is worried that junk bond investors could recover exceptionally low amounts of principal when their debt goes into default. Gundlach, whose Los Angeles- based firm invests roughly $95 billion, nonetheless sees little chance the U.S. economy will soon plunge into...

  • NEW YORK, May 5- U.S. The number of Americans filing for unemployment benefits rose by the most since February 2015, exceeding the expectations of economists polled by Reuters, and earlier this week data showed private employers in the United States added 156,000 jobs in April, the weakest gain in three years. "Between those, it signals that the number we get...

  • *S&P 500 erases earlier gains. NEW YORK, May 5- U.S. shares erased earlier gains on Thursday after oil prices eased from their highs, removing some support from energy shares and risk appetite, while benchmark Treasury yields hit more than two-week lows ahead of the April U.S. employment report due Friday. U.S. crude prices jumped by more than 5 percent before paring...

  • *Treasury yields little moved from Wednesday. NEW YORK, May 5- U.s. "All eyes are on Friday," said Ellis Phifer, market strategist at Raymond James in Memphis.

  • May 5- U.S. stock index futures were higher on Thursday, after three straight days of losses, as oil prices rose for the first time this week and ahead of the monthly jobs data on Friday. *Oil prices jumped over 2 percent as a huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concerns among investors of a near-term supply shortage.

  • SHANGHAI, May 5- A Chinese solar equipment firm, Baoding Tianwei Yingli New Energy Resources Co Ltd, said it may be miss payment on a 1.4 billion yuan five-year note maturing on May 12. The unlisted firm, a subsidiary of New York- listed Yingli Green Energy Holdings Co Ltd, cited consecutive losses as the reason for the potential default. It issued the warning in a...

  • *China bond markets price in increasing risks. SHANGHAI, May 5- A long list of high-yield bond issuers are due to make debt payments in May in the $8 trillion market, which is pricing in increasing risks following an unprecedented number of defaults this year. Nanjing Yurun Food Co Ltd, a unit of China Yurun Food Group Ltd, and fertilizer maker Inner Mongolia Nailun...

  • May 4- Activist and passive investors make unlikely bed-fellows but there is reason to think they work well together. Both activist and passive investment are on the rise, the latter now accounting for upwards of a third of all U.S. mutual fund assets and the former launching about 400 campaigns a year in the U.S. "Overall, our findings suggest that the increasingly...

  • NEW YORK, May 4- U.S. "It's been a back and forth day and we're holding some small gains here as equity weakness and oil reversing gains have helped the market a little bit," said Cantor Fitzgerald Treasury analyst Justin Lederer. At one point after the ADP National Employment Report, which showed April had the weakest private-sector job growth in three years, yields...

  • *Yields flat after strong services, factory, trade data. NEW YORK, May 4- U.S. Of particular note for bond investors, the Institute for Supply Management's non-manufacturing index for April featured the first increase in the report's prices paid index so far this year and the strongest reading since May 2015.

  • NEW YORK, May 4- Mutual fund investors punished U.S.-based stock funds with their seventh consecutive week of withdrawals and their largest outflows so far this year, Investment Company Institute data showed on Wednesday. Stock funds based in the United States returned $7.9 billion in cash to investors, adding to a near-two-month streak that has swept nearly...