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  • TOKYO, March 31- Japanese government bond prices skidded on Thursday as investors booked profits. JGBs have rallied since the BOJ unveiled negative rates on Jan. 29, and investors have clamored to buy superlong JGBs that still offer positive yields. The benchmark 10- year JGB yield rose 5 basis points to a two-week high of minus 0.045 percent after notching a...

  • BUENOS AIRES, March 30- Argentina's President Mauricio Macri won the support of the Senate for a settlement with bondholders on Wednesday, live TV images showed, marking the end of a 14- year battle with creditors. The lower house of Congress already approved the deal earlier this month. Macri needed to close the dispute to tap global credit markets and lure back...

  • HONG KONG, March 31- A unit of China's Guosen Securities, one of the country's largest brokerages, has defaulted on a Hong Kong- traded yuan bond, the Financial Times reported on Thursday, citing a document seen by the paper. The default would be the first debt breach by a state-owned enterprise in the offshore bond market in nearly two decades, the paper said.

  • NEW YORK/ SAO PAULO, March 30- Pulpmaker Eldorado Brasil SA has hired the investment-banking units of three international banks and a Brazilian lender to manage a debut global bond offering of up to $500 million, four sources with direct knowledge of the decision said on Wednesday. Eldorado is part of J&F Investimentos SA, a holding company that groups the...

  • NEW YORK, March 30- Shorter-dated U.S. Treasury yields fell on Wednesday as traders piled on bets the Federal Reserve would raise interest rates gradually in the coming months in the wake of dovish comments from Fed Chair Janet Yellen. "The steepening in the curve is largely a result of the fact that Yellen sounded so immensely dovish," said Aaron Kohli, interest...

  • NEW YORK, March 30- Stock mutual funds based in the United States posted $2.1 billion in withdrawals last week for the second consecutive week, Investment Company Institute data showed on Wednesday, as U.S. equities broke a five-week winning streak. Outflows from international stock funds moderated to $108 million in the latest week, compared with $558 million...

  • LONDON, March 30- Euro zone bond yields rose on Wednesday, giving up early falls as a rally in oil prices and global stock markets took the shine off safe-haven bonds. Germany's benchmark 10- year Bund yield initially fell close to record lows after Federal Reserve Chair Janet Yellen's call for caution on interest rate hikes was seen as heaping pressure on the...

  • BOSTON, March 30- Fidelity Investments disclosed on Wednesday it boosted its stake in free mobile messaging app Snapchat in February, despite recent concerns the company is struggling to gain traction with advertisers. Fidelity mutual funds, which have become one of the largest investors in pre-IPO companies, reported holding larger stakes in Snapchat in...

  • SHANGHAI, March 30- China has circulated plans to introduce credit-default swaps and other derivatives so investors can hedge risk in its $7.5 trillion bond market, sources said, a sign regulators want to allow more defaults without destabilizing the market. Sources said that the China's National Association of Financial Market Institutional Investors, a...

  • NEW YORK, March 30- U.S. Investors also pared existing bond holdings to make room for $28 billion in seven-year Treasuries supply, the final part of this week's $88 billion in longer-dated government debt issues. Clearly that's been one of the strongest sectors of the economy, "said Don Ellenberger, head of multi-sector strategies at Federated Investors in...

  • BOSTON, March 30- Fidelity Investments boosted its estimated value of free mobile messaging app Snapchat by 62 percent in February, despite recent concerns the company is struggling to gain traction with advertisers. Fidelity mutual funds, which have become one of the largest investors in pre-IPO companies, reported the increased valuation for Snapchat in...

  • March 30- U.S. stock index futures were higher on Wednesday, a day after comments by Federal Reserve Chair Janet Yellen allayed concerns that the central bank would take an aggressive approach to raising interest rates this year. *Yellen, who made her first remarks since the Fed's meeting earlier this month, said inflation in the United States had not yet reached...

  • TOKYO, March 30- Japanese government bonds edged up on Wednesday, taking their cue from a rise in U.S. Treasuries after Federal Reserve chair Janet Yellen sounded a cautious tone on U.S. interest rate increases. The central bank offered to buy 400 billion yen of JGBs in the 1- to 3- year zone, 420 billion yen in the 3- to 5- year zone, 240 billion yen in the 10- to 25- year...

  • SHANGHAI/ HONG KONG, March 30- Yields on some short-term Chinese bonds stayed high on Wednesday after spiking in the previous session after steelmaker Dongbei Special Steel Group Co Ltd a missed payment on short-term commercial paper, the latest casualty of the country's prolonged industrial slowdown. Yields on Dongbei's bonds and some other AA-rated...

  • Andrew Caspersen (R) departs after a hearing at the U.S. Federal Court in New York March 28, 2016

    Andrew Caspersen's fraud arrest comes 6 1/2 years after his dad Finn killed himself amid a reported tax evasion probe.

  • NEW YORK, March 29- The U.S. "It was even more dovish than what most people had expected," said Kevin McNeil, U.S. rates strategist at RBS Securities in Stamford, Connecticut. Yellen's remarks at an event in New York touched the same points as those at her press conference following the March 15-16 meeting of the Federal Open Market Committee, the Fed's policy-setting...

  • NEW YORK, March 29- BlackRock Inc is planning to unveil a new U.S.-listed exchange-traded fund that will invest in all areas of the junk-bond market except the tattered energy sector, the asset manager said in a regulatory filing this week. Plans for the ETF were disclosed late Monday in a BlackRock filing with the U.S. Securities and Exchange Commission.

  • *U.S. to sell $34 bln 5- year notes after mediocre 2- year sale. NEW YORK, March 29- U.S. Treasury prices rose on Tuesday on worries about a cooling U.S. economic expansion as traders await for clues on future interest rate increases from Federal Reserve Chair Janet Yellen while preparing for a $34 billion five-year note auction.

  • JOHANNESBURG, March 29- The boss of South African utility Eskom has ruled out for now issuing bonds to help fund $21 billion of new power plants, saying on Tuesday the credit market was not favorable. The state-owned company, which provides virtually all of South Africa's electricity, is building three new power plants to help shore up power reserves, and expects...

  • NAIROBI, March 29- Kenyan engineering company TransCentury Ltd said on Tuesday it has six months to repay the outstanding half of its $80 million convertible debt under an agreement with bondholders. The company, which focuses mainly on electrical equipment and engineering work, said last week it had reached an agreement with the majority of its bondholders...