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  • *Drop in oil prices drive U.S. NEW YORK, Dec 7- U.S. long-dated Treasury debt prices rallied on Monday, boosted by the drop in oil prices which suggests inflation in the world's largest economy would remain benign. "The likely Federal Reserve tightening and the drop in stocks and commodities are narrowing and flattening the yield curve considerably," said Kim Rupert,...

  • NEW YORK, Dec 7- As Wall Street readies for the first Federal Reserve interest rate increase in nearly a decade, some mutual fund managers and strategists are aiming at a trade that many see as a lonely bet- higher inflation. Most measures of inflation remain subdued. "The market is too benign in terms of pricing inflation right now," said Erin Browne, portfolio manager...

  • Treasuries rise after weeks-long sell-off. NEW YORK, Dec 7- U.S. So we're coming from an oversold condition, "said David Coard, head of fixed income sales and trading at Williams Capital Group in New York.

  • *OPEC ditches even the mention of output targets. SINGAPORE, Dec 7- Investors are betting on the oil price staying lower for even longer after OPEC's decision to ditch a formal production ceiling, pushing U.S. crude futures for delivery nearly 10 years away below $60 a barrel. In the run-up to the OPEC decision, oil derivatives showed investors had, unusually, been...

  • TOKYO, Dec 7- Japanese government bond prices dipped on Monday as a rise in Tokyo stocks dampened investor demand for safe-haven debt, although gains by U.S. The benchmark 10- year JGB yield rose half a basis point to 0.330 percent. Expectations that Tuesday's 800 billion yen 30- year auction would attract decent bids also kept JGB losses light.

  • NEW YORK, Dec 4- The U.S. Supreme Court on Friday agreed to hear Puerto Rico's bid to reinstate a law that would allow restructuring of the U.S. territory's public agencies as the Caribbean island grapples with its huge debt load. DAVID TAWIL, PRESIDENT, MAGLAN CAPITAL, NEW YORK. "I think that Congress is not about to do anything.

  • WASHINGTON, Dec 4- The U.S. Supreme Court on Friday agreed to hear Puerto Rico's bid to reinstate a law that would allow restructuring of the U.S. territory's public agencies as the island grapples with its huge debt load. Puerto Rico passed the law to give certain public corporations, with around $20 billion in debt, the ability to restructure financially in an...

  • *Treasury prices gyrate as market eyes Fed, OPEC. Treasuries fell on Friday, with investors caught between a stronger-than-expected November jobs report that built the case for an interest rate hike and a drop in oil prices after OPEC surprisingly raised its production ceiling. But the market was whipsawed by news from OPEC.

  • LONDON, Dec 4- Bond yields jumped and U.S. stock futures extended gains on Friday after U.S. employment data for November appeared to set the seal on an interest rate increase later in the month. "Judging by the market reaction, specifically 2- year yields, the market is very much expecting that this will only bolster a Fed hike this month," said Brenda Kelly, senior...

  • Dec 4- U.S. stock futures extended gains on Friday after stronger-than-expected November jobs data showed the economy was gaining strength, building the case for an interest rate hike this month.

  • BRUSSELS, Dec 4- EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA. "This closure does not prejudge the outcome of the Commission's investigation regarding Markit, and ISDA, which is...

  • Dec 4- U.S. stock index futures were higher on Friday ahead of jobs data that will feed into the Federal Reserve's decision to hike interest rates this month, and any decision from an OPEC meeting about oil output. *The Labor Department's closely watched November jobs report will be released at 8:30 a.m. ET and is expected to show that U.S. job growth likely...

  • TOKYO, Dec 4- Japan's government will reduce its plans to issue new bonds this fiscal year by 400 billion to 500 billion yen when it crafts an extra stimulus package this month as it aims to pursue both growth and fiscal reform, sources told Reuters. The initial budget for the fiscal year that ends in March 2016 was 96.342 trillion yen. The government and ruling...

  • TOKYO, Dec 4- Japan's government will reduce its plans to issue new bonds this fiscal year by 400 billion to 500 billion yen when it crafts an extra stimulus package this month as it aims to demonstrate a commitment to pursue both growth and fiscal reform, sources told Reuters. The initial budget for this fiscal year that ends in March 2016 was 96.342 trillion yen.

  • *Markets awaiting U.S. payrolls, OPEC meeting. LONDON, Dec 4- There was no respite on Friday for investors still reeling from the disappointment of the European Central Bank's stimulus package the day before, as they geared up for the latest U.S. employment data and a key OPEC meeting of oil producers. "Investors paid the price of an ECB President who over-promised in...

  • TOKYO, Dec 4- Benchmark Japanese government bond yields climbed to a three-week high on Friday after the European Central Bank delivered much tamer-than-expected monetary easing steps, although tumbling Tokyo stocks tempered the rise. The 10- year JGB yield rose 1.5 basis points to 0.330 percent, its highest since Nov. 10. Following recent dovish comments...

  • Lipper@ NEW YORK, Dec 3- Investors withdrew $6.6 billion from U.S. stock and taxable-bond mutual funds during the week that ended Dec. 2, Lipper data showed on Thursday, marking the fourth straight week of outflows for those investments. "Retail investors threw the baby out with the bath water," said Tom Roseen, head of research services at Lipper.

  • Three CME Group customers filed the lawsuit last year claiming that the Chicago- based company had created a marketplace fraught with manipulation and "surreptitious trading" by fast traders that caused the prices of futures contracts to be artificial. The customers- William Braman, Mark Mendelson and John Simms- are considering their options after Judge...

  • NEW YORK, Dec 3- Investors pulled $2.1 billion in cash out of U.S.-listed taxable bond funds during the week that ended Dec. 2, Lipper data showed on Thursday. Stock funds posted $920 million in outflows during the week, led by mutual fund withdrawals, according to the Lipper data, which also measures exchange-traded funds. Stock ETFs, by contrast, took in $3.8 billion.

  • U.S-BASED INFLATION-PROTECTED BOND FUNDS ATTRACT $116 MLN DURING WEEKLY PERIOD; REVERSING $42 MLN OUTFLOWS THE WEEK BEFORE- LIPPER.