Investing Securities

  • *U.S. and Japan banks hit by new trading rules. SINGAPORE/ HONG KONG/ LONDON, Sept 1- Trading in Asia's over-the-counter swaps market has ground to a near halt as dealers seek clarity over new derivatives trading rules that could ramp up global funding costs by more than $500 billion. "There is a lot of confusion," said one interest rates trader in Singapore.

  • LONDON, Sept 1- Non-bank financial institutions like insurance companies, mutual funds and pension funds account for more than 50 percent of daily turnover in the currency market, a survey of the foreign exchange market showed on Thursday. That backed up anecdotal evidence and trends from other surveys that large pension funds and insurance companies raised...

  • LONDON, Sept 1- Gains in Europe helped pull world shares out their longest losing streak of the year on Thursday, although oil prices were beginning to slide again and bonds took a hit before key U.S. jobs data. Markets were juggling a host of issues, including lacklustre data from Asia's two biggest economies, the ousting of Brazil's president and signs that...

  • *France and Spain sell roughly 13 billion euros of debt. LONDON, Sept 1- Spanish bond yields rose to their highest level in almost a month on Thursday, pushed up by new supply and the possibility of a third election in a year after Spain's acting prime minister lost a vote of confidence in parliament. France and Spain sold about 13 billion euros of bonds as debt supply...

  • *Hungary's 3-, 5- year bonds seen drawing good demand in sale. Poland's index picked up to 51.5 from 50.3 in August and the Czech index rose to 50.1 from 49.3. Moody's will review Poland's ratings on Sept. 9 and some investors fear a downgrade after the agency warned last week over tension with Brussels over Warsaw's constitutional tribunal crisis.

  • *U.S. and Japan banks hit by new trading rules. SINGAPORE/ HONG KONG, Sept 1- Trading in Asia's over-the-counter swaps market has ground to a near halt as dealers sought clarity over confusing new derivatives trading rules that could ramp up global funding costs by more than $500 billion. "There is a lot of confusion," said one interest rates trader in Singapore.

  • SINGAPORE/ HONG KONG, Sept 1- Trading in Asia's over-the-counter swaps market has ground to a near halt as dealers are sitting on the sidelines amid confusion over new derivatives trading rules for U.S. and Japanese banks, which are major players in the region. "There is a lot of confusion," said one interest rates trader in Singapore. The markets for Asian currency...

  • TOKYO, Sept 1- Japanese government bonds prices slipped on Thursday, with 20- year bonds yield hitting a four-month high partly on speculation that the Bank of Japan may tweak its policy to effectively steepen the yield curve. The 20- year yield rose 2.5 basis points to 0.355 percent, its highest level since late April, while the 30- year yield rose 3.0 basis points...

  • SINGAPORE/ HONG KONG, Sept 1- Trading in Asia's over-the-counter swaps market has ground to a near halt as dealers are sitting on the sidelines amid confusion over new derivatives trading rules for U.S. and Japanese banks, which are major players in the region. "There is a lot of confusion," said one interest rates trader in Singapore. The markets for Asian currency...

  • Under the move, 28 REITs currently included in the S&P 500' s financial sector will start trading on their own, according to Howard Silverblatt, senior index analyst at Standard& Poor's in New York. While notionally effective after the close of trading on Aug. 31, the change will not be fully implemented by S&P until after the close of trading on Sept. 16, in order to...

  • WASHINGTON/ NEW YORK, Aug 31- President Barack Obama on Wednesday appointed a seven-member board to oversee a financial restructuring for Puerto Rico, a majority Republican panel that some market analysts saw as favorable for bondholders of the U.S. territory, which has been crippled by a $70 billion debt crisis. Among the board members, who Obama appointed on...

  • *Yields on 10- year on pace for most monthly gain since June 2015 Two-year notes on pace for biggest gain since December. NEW YORK, Aug 31- Yields on benchmark U.S. 10- year Treasury notes were little moved on Wednesday but notched their largest monthly gain in more than a year as strong U.S. data and limited volatility reduced the appetite for safe-haven U.S....

  • WASHINGTON/ NEW YORK, Aug 31- The Obama administration on Wednesday appointed a seven-member board to oversee a financial restructuring for Puerto Rico, plagued by a chronic economic slump and $70 billion debt crisis, a panel some market analysts saw as favorable for the U.S. territory's bondholders. Board members, appointed by Obama on the recommendation of...

  • CARACAS, Aug 31- Citibank is stepping aside as the bank in charge of making payments on bonds issued by Venezuelan state oil company PDVSA, according to three sources with knowledge of the matter and a letter to bondholders seen by Reuters. Citibank in July told bondholders PDVSA would need to name a new paying agent for seven outstanding dollar-denominated...

  • Spain's Socialists are expected to vote against the government of acting Prime Minister Mariano Rajoy in a confidence vote. "The political risk premium in Spain is on the rise," said Nick Stamenkovic, a bond strategist at RIA Capital Markets. Commenting on Spain, ING senior rate strategist, Benjamin Schroeder, said: "Today will be a first test, though expectations...

  • *Yields on 10- year on pace for most monthly gain since June 2015. NEW YORK, Aug 31- Yields on benchmark U.S. 10- year Treasury notes were little moved on Wednesday but on track for their largest monthly gain in more than a year as strong U.S. data has limited volatility and investors have taken profits from after declining yields in June and July.

  • US TREASURY YIELDS FALL SLIGHTLY AFTER ADP JOBS DATA, 10- YEAR NOTE YIELDS FALL TO 1.5749 PCT.

  • SHANGHAI, Aug 31- Municipal bond issuance under China's local government debt swap program touched 2.96 trillion yuan in the first seven months of the year, official news agency Xinhua reported on Wednesday, quoting China's minister of finance. That is nearly as large as the total swap volume for 2015, which was 3.2 trillion yuan. China will also strengthen risk...

  • *Hungary, Poland investments post biggest fall in years. The volume of investments in Hungary plunged by 20.3 percent in annual terms in the second quarter, a much bigger decline than the 4.9 percent fall in Poland. Analysts said the inflow could pick up by next year, but Poland also has domestic political risks which could lead to credit rating downgrades, while...

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank has set an indicative yield range for its three-year Special Drawing Right bonds for sale in China at yields well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese...