Investing Securities

  • ROME, May 9- The euro zone is tying itself in knots over whether to limit banks' holdings of their own governments' bonds or to make them set aside more capital against home sovereign risk. Germany, the bloc's dominant power, has made such "risk reduction" measures, as it calls them, a prior condition before it will accept any further "risk sharing" in Europe's banking...

  • *Euro zone eyes possible debt relief for Greece deal on May 24. BRUSSELS/ ATHENS May 9- Euro zone finance ministers offered on Monday to grant Greece debt relief by giving it longer grace periods and bond maturities from 2018 if the country delivers by then on all reforms agreed under its latest bailout. The offer, to be worked out in detail by deputy finance...

  • *Germany opposed to any relief, IMF says it necessary. *Greece resisting demand for contingency measures. BRUSSELS/ ATHENS May 9- The euro zone turned its attention tentatively on Monday to helping Greece tackle its huge debt repayments, with a view to a deal on May 24, after Greek lawmakers passed unpopular pension and tax reforms one critic called "a tombstone for...

  • ULAANBAATAR, May 9- Rio Tinto's long-awaited approval of a $5.3 billion extension for its giant Oyu Tolgoi copper mine is fuelling hopes of a revival at last for Mongolia, battered by a slowdown in neighbouring China that has left it deep in debt. Oyu Tolgoi, one of the world's largest undeveloped copper projects, has been a bellwether for Mongolia since its...

  • *Treasury to sell $62 bln debt this week. NEW YORK, May 9- Most U.S. "The fact that the front-end is outperforming is consistent with the notion that June isn't particularly a high probability month for a move, despite what Dudley had said and what some of the speakers had come up with," said Ian Lyngen, a senior government bond strategist at CRT Capital in Stamford,...

  • May 9- U.S. stock index futures were higher on Monday, extending gains from Friday after the disappointing U.S. jobs report suggested the Federal Reserve would raise rates just once this year and as crude rallied after a wildfire in Canada hit supplies. *Wall Street rebounded from early losses and closed higher on Friday after investors focused on the positive...

  • ULAANBAATAR, May 9- Rio Tinto's long-awaited approval of a $5.3 billion extension for its giant Oyu Tolgoi copper mine is fuelling hopes of a revival at last for Mongolia, battered by a slowdown in neighbouring China that has left it deep in debt. Oyu Tolgoi, one of the world's largest undeveloped copper projects, has been a bellwether for Mongolia since its...

  • *Analysts say hurdles still in Greece's path. LONDON, May 9- Borrowing costs in Greece fell sharply on Monday, with 10- year government bond yields hitting four-month lows after lawmakers in Athens passed unpopular pension and tax reforms that could encourage the country's creditors to unlock bailout cash. Signing off on the reform review will unlock more than...

  • HELSINKI, May 9- Greece's reform package is a major step forward but Eurogroup finance ministers will probably not release a multi-billion euro bailout right away, European Commission Deputy President Jyrki Katainen said on Monday. He told Finnish broadcaster YLE it was likely that further discussions on debt relief would come before the five billion euro...

  • TOKYO, May 9- Japanese government bonds edged down on Monday as Japanese equities firmed, though trading was cautious ahead of the next day's 10- year auction. The Bank of Japan bought 790 billion yen of 1- to 5- year JGBs and 400 billion yen of super-long JGBs under its asset purchase programme on Monday. On Tuesday, Japan's Ministry of Finance will auction 2.4...

  • LOS ANGELES, May 6- San Francisco Public Utilities Commission next week will issue $240 million in wastewater revenue "green" bonds, the first infrastructure municipal bonds to meet specific criteria under a new environmental standard for water projects. The commission is planning a competitive sale of $308 million of revenue bonds, of which $240 million...

  • NEW YORK, May 6- Junk-rated Atlantic City is drowning in financial uncertainty, but some investors in the cash-strapped New Jersey gambling hub are betting on one possible outcome above all others: a state bailout. On Thursday, Governor Chris Christie said lawmakers needed to immediately squash their differences and pass a takeover and aid package because...

  • NEW YORK, May 6- U.S. stocks ended slightly higher on Friday as investors warmed to data showing U.S. wage growth in April despite weaker-than-expected jobs growth, while the wages data also pushed longer-dated Treasury yields higher. U.S. interest rates futures suggested traders see a 10- percent chance of the Fed raising rates at its June 14-15 meeting, down...

  • *Yields up after touching lowest since April 11. NEW YORK, May 6- U.S. "The initial move up was clearly a knee-jerk reaction to the low print on payrolls and maybe looking into the household data," said DRW Trading market strategist Lou Brien in Chicago.

  • BARI, Italy, May 6- An Italian prosecutor is investigating Deutsche Bank over its sale of 7 billion euros of Italian government bonds five years ago, an investigative source told Reuters. A prosecutor in Trani, a town in southern Italy, is investigating because Deutsche Bank allegedly told clients in a research note in early 2011 that Italy's public debt was no...

  • NEW YORK, May 6- Stock markets worldwide dipped on Friday after April U.S. employment data showed the fewest jobs added in seven months, adding to concerns over economic growth, while short-dated Treasury yields sank. U.S. interest rates futures suggested traders see a 7- percent chance of the Fed raising rates at its June 14-15 meeting, down from 14 percent on...

  • LONDON, May 6- European Union plans to phase out up to half of the bloc's 1 trillion euro money market funds could be watered down under a compromise proposed by the Dutch. EU member states with a strong fund industry presence such as Ireland, Luxembourg and Britain have been battling to prevent the European Parliament phasing out so-called constant net asset...

  • STOCKHOLM, May 6- Volvo Car Group aims to raise 500 million euros by issuing the first corporate bond in its 89 year history, the Chinese-owned carmaker said on Friday. "The proceeds from the bond issue are being raised for general corporate purposes and are aimed at increasing the company's financial flexibility and diversifying its funding sources," Volvo Car...

  • *Yields up after touching lowest since April 11. NEW YORK, May 6- Longer-dated U.S. "The initial move up was clearly a knee-jerk reaction to the low print on payrolls and maybe looking into the household data," said DRW Trading market strategist Lou Brien.

  • LONDON, May 6- A surge in sales of long-dated bonds in the euro zone this year shows how worried some money managers are that the bloc is sinking towards a Japan-style decade of deflation. "It helps me sleep well at night," said Brian Tomlinson, a senior portfolio manager at Allianz Global Investors, who recently bought 50- year bonds from France and Belgium.