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Investing Securities

  • NEW YORK, Oct 11- In July, investors gobbled up $1 billion of bonds from a financially-strapped Catholic hospital system in Illinois called Presence Health Network, even though it offered few contractual guarantees debt buyers typically require. The deal, rated just above junk status, is emblematic of a fever that has swept the $3.7 trillion U.S. municipal bond...

  • SAO PAULO, Oct 10- Brazilian financial markets are unlikely to repeat their dramatic rally in 2016 even if Congress approves a business-friendly reform agenda during the coming year, as asset values are nearly at the ceiling of the country's junk credit rating. "Brazil has gone a long way and much of the good news is already priced in," said Viktor Szabo, a portfolio...

  • Deal ongoing between DOJ and Deutsche Bank

    The investigation continues between the US Department of Justice and Deutsche Bank.

  • DUBAI, Oct 10- Ahli United Bank Kuwait will hold roadshows in the Gulf, Europe and Asia for fixed income investors starting on Wednesday ahead of a potential capital-boosting sukuk issue, arranging banks said on Monday. The funds would be raised to enhance the Kuwaiti bank's Tier 1 core capital. The lender, 67.33 percent owned by Bahrain's Ahli United Bank...

  • Oct 10- U.S. stock index futures rose on Monday after Democrat Hillary Clinton was widely seen as the winner of the second presidential debate. *A Clinton presidency would be more positive for the markets because her positions are more well known than those of her Republican rival Donald Trump, according to a Reuters poll. *Wall Street slipped on Friday as the pound...

  • *DBRS to review Portugal's rating on Oct. 21. LONDON, Oct 10- Portugal's 10- year bond yield tumbled on Monday and was on track for its biggest one-day fall since late June after comments from the country's finance minister helped soothe concerns about a DBRS ratings review less than two weeks away. DBRS told Finance Minister Mario Centeno on Friday that it is "...

  • LONDON, Oct 10- Sterling fell again on Monday, after largely recovering from Friday's "flash crash", while the Mexican peso and U.S. stock futures rose as investors saw less chance of Republican nominee Donald Trump winning next month's presidential election. The UK currency last stood at $1.2402, down 0.2 percent. "I guess that we have to prepare for further...

  • LONDON, Oct 10- The premium that 10- year British government bonds offer over German debt rose to its highest since early July as investors continued to worry about the inflationary impact of the fall in sterling since Britain voted to leave the European Union. The spread between yields on 10- year British yields and the equivalent German debt widened to 97.9...

  • NEW YORK, Oct 9- Wall Street stock index futures were little changed throughout Sunday's highly contentious presidential debate, indicating that markets continue to view that Democrat Hillary Clinton holds an edge in the Nov. 8 election against her Republican rival, Donald Trump. The 90- minute debate got off to a chilly start when Clinton and Trump greeted...

  • *Sterling slipping again, lacking liquidity with Japan off. SYDNEY, Oct 10- The Mexican peso climbed and U.S. stock futures crept higher on Monday as markets saw less chance of a victory by Republican nominee Donald Trump in his U.S. presidential bid amid a scandal over comments he made about women. A holiday in Tokyo limited the early reaction in equities and MSCI's...

  • NEW YORK, Oct 9- U.S. stock index futures opened higher on Sunday ahead of a key U.S. presidential debate, which will be the first time the candidates face off after a video surfaced of Republican candidate Donald Trump making lewd comments about women. The video has sparked turmoil in the campaign and led to Republicans calling for Trump to drop out of the race...

  • DUBAI, Oct 9- Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in no rush to raise funds overseas, bankers familiar with Kuwaiti debt policy said. Kuwait's Ministry of Finance did not respond to requests for comment. Bankers said Kuwait may have been encouraged to delay its issue by the approach of a mammoth bond sale...

  • WASHINGTON, Oct 8- The International Monetary Fund will not join the Greek bailout programme but will likely accept a special advisory status with limited powers that keeps it at the table, two senior sources with direct knowledge of the proposals said. But the Fund is increasingly resigned to European resistance to debt relief for Greece and it is now in talks...

  • SAN FRANCISCO, Oct 7- Illinois will bring $1.35 billion in general obligation refunding bonds to the municipal market next week, to take advantage of low U.S. interest rates ahead of December, when the Federal Reserve may hike rates. Illinois is the lowest-rated U.S. state but also its highest yielding, so the offer is expected to receive buyside interest from...

  • SAN FRANCISCO, Oct 7- Illinois will bring $1.35 billion in general obligation refunding bonds to the municipal market next week, to take advantage of low U.S. interest rates ahead of December, when the Federal Reserve may hike rates. Illinois is the lowest-rated U.S. state but also its highest yielding, so the offer is expected to receive buyside interest from...

  • NEW YORK, Oct 7- U.S. "The numbers were slightly worse, but the revisions brought it back in line, so all in all, it was fairly close to expected," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Earlier the yield rose as high as 1.77 percent, the highest since June 3.

  • ConocoPhillips said in an Oct. 6 filing PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a...

  • *Bankers planning to meet with Deutsche CEO in Washington. DOHA/ FRANKFURT, Oct 7- Deutsche Bank has secured support from its largest shareholder and more German lawmakers as it grapples with a confidence crisis following U.S. authorities' demands for up to $14 billion to settle allegations it mis-sold mortgage-backed securities. Deutsche shares plunged to...

  • NEW YORK, Oct 7- U.S. "The numbers were slightly worse, but the revisions brought it back in line, so all in all, it was fairly close to expected," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Earlier the yield rose as high as 1.77 percent, the highest since June 3.

  • Against this backdrop, 10- year bond yields in Portugal and Italy rose to their highest levels since June, while a sharp rise in British gilts dragged their German counterparts higher. For now, focus was on Italy, with Moody's ratings agency scheduled to release its review of the country's Baa2 rating later on Friday. "Moody's have not reviewed Italy since 2014 so...