Investing Securities

  • TOKYO, Sept 21- The Bank of Japan made an abrupt shift on Wednesday to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnation. "The impression is that the BOJ is starting to pull back some of its troops from the battlefront," said...

  • TOKYO, Sept 21- The Bank of Japan overhauled its monetary policy framework on Wednesday, switching to targeting interest rates and the shape of the government bond yield curve from its previous policy of targeting base money. The following is a look at what is new and what has changed:. The new centrepiece of the BOJ's monetary policy is controlling the shape of the...

  • LONDON/ SAO PAULO, Sept 21- Eldorado may offer a cautionary tale for investing in Brazilian bonds, yet a 20 percent fall in the pulpmaker's debt since it borrowed $350 million in June has not reduced appetite for the country's corporate credit. Investors in Eldorado's bonds were caught out by the country-wide corruption probe which spread to the company and its...

  • *US dollar hits one-week high of 102.79 yen. SINGAPORE, Sept 21- The Bank of Japan's monetary policy reboot on Wednesday was met with a rising dollar, tepid Asian stock markets and a broad uptick in bond yields, indicating investors struggled for clarity on what the changes mean for global risk appetite. "The measures don't add a lot of stimulus into the system," said...

  • *Markets surprised by 10- year bond yield target. TOKYO, Sept 21- Japanese government bond yields rose on Wednesday after the Bank of Japan surprised markets by introducing an explicit target for the 10- year bond yield around zero percent as it overhauled the framework of its stimulus. The surprise announcement caused volatile trading as investors scratched...

  • *Dollar/ yen +0.3 pct, euro/ yen +0.5 pct. LONDON, Sept 21- World stocks rose on Wednesday, led by a surge in bank shares, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates. Europe's STOXX 600 was up 1 percent in early trading with euro zone banking shares up nearly 3 percent and poised for their best day in...

  • *Japan stocks lift Asia after BOJ overhauls policy. HONG KONG, Sept 21- Japanese stocks rallied and lifted Asian equities on Wednesday, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates in an overhaul of its massive monetary stimulus program. Financial markets gave the announcement an initial...

  • TOKYO, Sept 21- The Bank of Japan added a long-term interest rate target to its massive asset-buying programme on Wednesday, overhauling its policy framework and recommitting to reaching its 2 percent inflation target as quickly as possible. The BOJ said it would continue to buy long-term government bonds at a pace that ensures its holdings increase by 80...

  • *Rich margins crimped by changes to market structure. LONDON/ NEW YORK, Sept 21- Home to trillions of dollars of global wealth, mutual fund firms face an unfamiliar round of belt-tightening as changes in the way people invest and rising costs chip away at rich margins. "Strong inflows over a number of years have mitigated the need to make hard, cost-cutting decisions,"...

  • TOKYO, Sept 21- Japanese government bond yields rose on Wednesday after the Bank of Japan surprised markets by saying it would aim to guide the 10- year bond yield to around zero percent as part of an overhaul of its policy framework. The benchmark 10- year JGB yield rose to as high as plus 0.005 percent, rising to a positive level for the first time since mid-March.

  • TOKYO, Sept 21- The Bank of Japan added a long-term interest rate target to its massive asset-buying programme on Wednesday, overhauling its policy framework and recommitting to reaching its 2 percent inflation target as quickly as possible. The BOJ said it would continue to buy long-term government bonds at a pace so that ensures the its holdings increase by...

  • CARACAS, Sept 20- The president of Venezuelan state oil company PDVSA on Tuesday slammed ratings agencies as "professional speculators" who were contributing to a negative reception of a $7.1 billion bond swap proposal meant to improve the company's finances. "Speculators are trying to generate a climate of tension so that will get rid of their bonds at a lower...

  • CARACAS, Sept 20- The president of Venezuelan state oil company PDVSA on Tuesday slammed ratings agencies as "professional speculators" who were contributing to a negative reception of a $7.1 billion bond swap proposal meant to improve the company's finances. "Speculators are trying to generate a climate of tension so that will get rid of their bonds at a lower...

  • NEW YORK, Sept 20- U.S. "The BOJ has a greater propensity to surprise the market than the Fed," said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York. Some traders doubt whether the BOJ, led by Haruhiko Kuroda, would act aggressively to combat deflation and weak demand given the central bank's history of falling short of market...

  • NEW YORK, Sept 20- U.S. "The BOJ has a greater propensity to surprise the market than the Fed," said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York. "So few people have a handle on what they might do," said Gennadiy Goldberg, interest rate strategist at TD Securities in New York.

  • LONDON, Sept 20- Long-dated euro zone government bond yields fell on Tuesday with the Bank of Japan expected to enact measures that may push Japanese investors away from their country's longer-maturity bonds and towards Europe and the United States. The Japanese central bank concludes a key meeting on Wednesday and is widely expected to shift the primary...

  • NEW YORK, Sept 20- World stock indexes rose and the dollar edged up against a basket of currencies on Tuesday as investors awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will conclude on Wednesday. Investor expectations are low that the Fed will raise U.S. short-term interest rates, but investors will listen closely to Chair Janet...

  • NEW YORK, Sept 20- U.S. "Japan has been the main driver of the bond market," said Luke Bartholomew, investment manager with Aberdeen Asset Management in London. There are doubts whether the BOJ, led by Haruhiko Kuroda, would act aggressively to combat deflation and weak demand given the central bank's history of falling short of market expectations.

  • *After commodity boom, default risks rise in Mongolia. HONG KONG/ LONDON, Sept 20- Holders of Mongolia's high-yielding dollar bonds are looking beyond a sharp rise in sovereign default risks on a bet that China or the International Monetary Fund will help the once-booming commodity producer to stay solvent. Mongolia, a vast country of just three million people, is...

  • LONDON, Sept 20- Long-dated euro zone government bond yields fell on Tuesday with the Bank of Japan expected to enact measures that may push Japanese investors away from their country's longer-maturity bonds and towards Europe and the United States. The Japanese central bank is to end a key meeting on Wednesday and is widely expected to shift the primary focus...