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Investing Securities

  • *Belgium yields 14 bp below France despite lower rating. Fitch cut Belgium's rating by one notch to AA- on Friday evening, citing its relatively high debt and upward revisions to fiscal deficit targets. DZ Bank strategist Daniel Lenz said he was "not at all convinced" by the notion of cutting Belgium by one notch while keeping France unchanged "even though faces...

  • NEW YORK, Dec 27- Financial pundits shouted about record high levels for the stock market in 2016, but for actively managed stock mutual funds there was another record, one they would rather keep quiet: the largest amount of net withdrawals ever recorded. The figure tops outflows of $139 billion in 2015 and $218 billion in 2008.. "If we don't see that in 2017, chances...

  • CHICAGO, Dec 27- Investors pulled another $2 billion from U.S. municipal bond funds in the latest week, underscoring fears that potential sweeping tax changes under President-elect Donald Trump and a Republican Congress will undermine the tax-exempt debt market. Since the Nov. 8 election, munis suffered more than any other fixed-income sector with a negative...

  • *Belgium yields 14 bp below France despite lower rating. Fitch cut Belgium's rating by one notch to AA- on Friday evening, citing its relatively high debt and upward revisions to fiscal deficit targets. DZ Bank strategist Daniel Lenz said he was "not at all convinced" by the notion of cutting Belgium by one notch while keeping France unchanged "even though faces...

  • BOSTON, Dec 27- Before New York's famed 21 Club steakhouse drew attention in November for hosting Donald Trump, the wealthy U.S. president-elect, it quietly fed other public representatives: trustees of Paris- based AXA SA investment funds. A 2011 holiday party at a Del Frisco's restaurant cost $25,775, a $1,000 average for each of roughly 25 people present.

  • TOKYO, Dec 27- Tokyo Electric Power is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, sources familiar the plans said. While the size of the sale has not been decided, potential maturities being discussed are three-, five- and ten-years, bankers and investors...

  • TOKYO, Dec 27- Japanese government bonds wavered in narrow ranges on Tuesday, underpinned by decent demand at a two-year auction but lacking incentives as trade waned in the final days of the year. The benchmark 10- year yield edged up 0.5 basis point to 0.060 percent, while 10- year JGB futures finished up 0.01 point at 149.82. The Ministry of Finance offered 2.3...

  • NEW YORK, Dec 27- Financial pundits shouted about record high levels for the stock market in 2016, but for actively managed stock mutual funds there was another record, one they would rather keep quiet: the largest amount of net withdrawals ever recorded. The figure tops outflows of $139 billion in 2015 and $218 billion in 2008.. "If we don't see that in 2017, chances...

  • Dec 27- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 27- Dec United States Sale of 2- year notes 27- Dec Japan Auction of 2- year government bonds 28- Dec United States Sale of 2- year floating rate notes 28- Dec United States Sale of 5- year notes 28-...

  • TOKYO, Dec 26- Japanese government bond prices edged lower on Monday, with the market weighed down as the Bank of Japan refrained from conducting a regular debt purchasing operation. The two-year JGB yield rose half a basis point to minus 0.180 percent, while the 30- year yield climbed 1 basis point to 0.680 percent. Trade was subdued as JGBs lacked the usual leads...

  • Dec 26- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 27- Dec United States Sale of 2- year notes 27- Dec Japan Auction of 2- year government bonds 28- Dec United States Sale of 2- year floating rate notes 28- Dec United States Sale of 5- year notes 28-...

  • Dec 24- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 27- Dec United States Sale of 2- year notes 27- Dec Japan Auction of 2- year government bonds 28- Dec United States Sale of 2- year floating rate notes 28- Dec United States Sale of 5- year notes 28-...

  • LONDON, Dec 23- Italian government bond yields fell on Friday as Monte dei Paschi said it would request aid from a newly-approved state fund to help struggling banks, after failing to win investor backing for a capital increase. Another banking saga concluded with Germany's Deutsche Bank agreeing to a $7.2 billion settlement with the U.S. Department of Justice...

  • NEW YORK, Dec 23- U.S. "We're a little stronger, the curve is a little flatter, but volume has been anemic," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. The bond market will have an early close at 2 p.m. EST on Friday ahead of Christmas Day.

  • LONDON, Dec 23- British government bond yields hit a six-week low on Friday in thin trade before Christmas holidays, shrugging off stronger-than expected British growth data and instead taking their lead from signs of progress in Italy's banking troubles. Ahead of Britain's four-day Christmas break, 10- year gilt yields are at the bottom of a narrow 1.35-1.50...

  • Dec 23- U.S. stock index futures were little changed in thin trading on Friday ahead of the Christmas holiday. *U.S. stocks fell on Thursday, weighed down by weakness in retailers as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump's policies will boost the economy. "Although Wall Street succumbed to the bears on...

  • LONDON, Dec 23- Italian government bond yields fell on Friday as Monte dei Paschi said it would request aid from a newly-approved state fund to help struggling banks, after failing to win investor backing for a capital increase. Another banking saga concluded with Germany's Deutsche Bank agreeing to a $7.2 billion settlement with the U.S. Department of Justice...

  • LONDON, Dec 23- Italian government bond yields fell on Friday as Monte dei Paschi said it would request aid from a newly approved state fund to help struggling banks, after failing to win investor backing for a desperately needed capital increase. Another banking saga concluded with Germany's Deutsche Bank agreeing to a $7.2 billion settlement with the U.S....

  • *Dollar camped around 117.50 yen, $1.0440 per euro. With Tokyo already absent, the dollar was dozing at 117.50 yen after reaching 118.66 yen a week ago, its strongest since early February. The single currency was a shade firmer at $1.0440, having rebounded only modestly from a nearly 14- year low of $1.0350 set earlier in the week.

  • NEW YORK, Dec 22- The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. Barclays was among a handful of European banks still under investigation by the Justice Department, according to company disclosures.