Investing Securities

  • Santelli Exchange: Narrowing credit spreads

    CNBC's Rick Santelli discusses moves in credit spreads with Andrew Johnson, Head of Investment Grade Fixed Income at Neuberger Berman.

  • LONDON, March 24- One of the world's biggest bond fund managers has urged central banks not to dole out free cash to citizens saying it could lead to hyperinflation, a debt market sell-off and even a banking crash. But PIMCO says its research shows that since the late 18th century there have been 56 examples of similar schemes, from France in 1795 to Zimbabwe in 2007,...

  • NEW YORK, March 24- U.S. The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, dropped 2.8 percent last month after a downward-revised 4.2 percent increase in January. "Durable goods was very weak and it's going to generate downward GDP revisions," said David Ader, head of government bond...

  • US TREASURY YIELDS FALL TO SESSION LOWS, 10- YEAR NOTE YIELDS DROP TO 1.85 PERCENT.

  • OIL PRICES EXTEND LOSSES, BRENT CRUDE FALLS $1, AS DOLLAR STRENGTHENS AND U.S.

  • NEW YORK, March 24- Donald Trump's presidential campaign is built on his business acumen. But some of the Wall Street funds that he has invested in have proven less successful, underperforming industry benchmarks in the last 15 months, according to a Reuters examination. "I put some money with people that are friends," the New York businessman said by phone on Monday,...

  • TOKYO, March 24- Japanese government bond prices slipped on Thursday, with the superlong zone underperforming after the Bank of Japan bought fewer than expected longer bonds in its purchase operations. It offered to buy 400 billion yen of JGBs maturing in 1- to 3- years, 420 billion yen of JGBs maturing in 3- to 5- years, 240 billion yen of JGBs maturing in 10- to 25-...

  • SHANGHAI, March 24- China's major stock indexes fell on Thursday after state media reported 35 domestic brokerages have resumed short-selling business after a long hiatus. China CSI300 stock index futures for April rose 0.2 percent, to 3,196, -15.50 points below the current value of the underlying index. The Hang Seng index in Hong Kong was down 0.8 percent at...

  • SHANGHAI, March 24- Thirty-five brokerages have resumed short-selling business after a long hiatus, official state media reported on Thursday, as Beijing moves to warm up frozen derivatives markets in the wake of a massive market crash last year. Domestic stock indexes have been rallying in recent days on news that the state-controlled margin lender had...

  • The bondholder letters, sent by Milberg, Proskauer Rose and McDermott Will& Emery, allege that Argentina has refused to negotiate with small investors who collectively hold nearly $1 billion in defaulted bonds, despite recently reaching agreements with the majority of bondholders who declined to participate in previous sovereign debt restructurings,...

  • NEW YORK, March 23- Investors yanked $2.1 billion from U.S.-based stock mutual funds, Investment Company Institute data showed on Wednesday, snapping the funds' three-week streak of inflows as investors shunned emerging markets. Funds that invest in U.S. company shares posted $1.5 billion in withdrawals, while funds invested in international shares posted a...

  • THIRTY-YEAR TREASURY BONDS EXTEND PRICE GAINS TO A FULL POINT, YIELDS DROP TO 2.68 PCT.

  • NEW YORK, March 23- A proposal by U.S. securities regulators to tamp down investors' risks could have the opposite effect on bond funds by forcing them to trim their use of exotic financial instruments, an industry advocate said Wednesday. At least $600 billion in funds would not be compliant with a requirement proposed last year by the U.S. Securities and Exchange...

  • NEW YORK, March 23- U.S. "We're sort of in a holding pattern, seeing whatever commentary we get from various FOMC participants and then getting ready for the data that will be coming over the next two weeks," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee. "Moving into next week, the focus will be on payrolls for Friday," said Dan...

  • LONDON, March 23- Expanding QE could see the European Central Bank owning up to 25 percent of the 7 trillion euro government bond market, analysts estimate, exacerbating worries about bond scarcity and thin market conditions. The ECB has said it will increase its bond-buying by 20 billion euros to 80 billion euros per month from April. "If you assume that the ECB...

  • LONDON, March 23- Tom Hayes, a former star trader serving an 11- year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to hand over 878,806 pounds in a London proceeds-of-crime court hearing. Hayes, a 36- year-old former UBS and Citigroup derivatives trader, was held up as an example to errant bankers when he was convicted last August...

  • March 23- U.S. stock index futures were little changed on Wednesday as investors remained cautious a day after the attacks in Brussels and ahead of the Good Friday market holiday. *Nike shares were down 4.9 percent at $61.75 in premarket trading after the world's largest footwear maker reported quarterly revenue below estimates. *Gilead Sciences was down 2.6...

  • TOKYO, March 23- Japanese government bond prices pared earlier losses and edged up on Wednesday in response to strong liquidity-enhancing auction results. In a monthly sale to enhance market liquidity, the finance ministry offered 500 billion yen of off-the-run government bonds on Wednesday which attracted firm investor demand. Treasury yields rose on...

  • Treasury Secretary Jack Lew said on Tuesday that Puerto Rico was "for all practical purposes" in default and needed a full restructuring of all its debt, including general obligation bonds. However, he added: "I believe the worst thing for the municipal bond market would be a disorderly unwinding in Puerto Rico, which is what will happen if Congress doesn't act."

  • *Weakness overturns early safety buying on Brussels attacks. NEW YORK, March 22- U.S. "There are no new buyers at higher prices and the short base has gone," said Tom Tucci, head of Treasuries trading at CIBC in New York.