Investing Securities

  • LONDON, May 4- The share of euro zone government bonds sold with long maturities so far this year has been the highest since the euro area was formed, research by Scandinavian bank Nordea showed on Wednesday. At the same time, the European Central Bank's loose monetary policy, which includes negative interest rates, has dragged down bond yields and increased...

  • BUDAPEST/ WARSAW, May 4- The forint eased on Wednesday, bucking a mostly firming regional trend on a renewed bout of selling of Hungarian government bonds after the central bank tempered expectations of further rate cuts. A Budapest- based trader said bond yields had been ticking upwards, with the 2019/ C bond now trading around 1.8 percent, up from Tuesday's fixing...

  • Treasury Secretary Jack Lew on Tuesday said Puerto Rico's financial crisis risks turning the commonwealth into a chaotic mess unless the U.S. Congress can enact a plan to restructure its debt. "The challenge is for Congress to act fast enough so that the unfolding crisis in Puerto Rico doesn't cascade out of control," Lew said during an on-stage interview at the...

  • NEW YORK, May 3- Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, which requires court approval, resolves antitrust claims against Bank of America Corp, Barclays Plc, Citigroup...

  • NEW YORK, May 3- Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday resolves antitrust and other claims against Bank of America Corp, Barclays Plc, Citigroup Inc, Credit Suisse...

  • *Shares fall on weak China, UK data. NEW YORK, May 3- Stock markets worldwide fell on Tuesday after weak Chinese and British factory data rekindled fears of slowing global growth, sending benchmark Treasury yields to nearly two-week lows. Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed.

  • *Australia rate cut, China data raise growth concerns. Treasury yields fell broadly on Tuesday to their lowest levels in nearly two weeks after weak Chinese data and a surprise interest rate cut in Australia raised concerns about the global economy, boosting demand for safe-haven U.S. government debt. "I think people are realizing monetary policy is at its...

  • *Australia rate cut, China data raise growth concerns. Treasury yields fell to their lowest levels in nearly two weeks on Tuesday after weak Chinese data and a surprise interest rate cut in Australia raised concerns about the global economy and central banks' ability to boost sluggish growth. "I think people are realizing monetary policy is at its maximum point...

  • CARACAS/ HOUSTON, May 3- Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co as it negotiates private issuances to pay off its suppliers, industry sources told Reuters, stretching the finances of a company that bondholders already worry is on its way to default. The securities are not bonds but offer...

  • May 3- U.S. stock index futures were sharply lower on Tuesday after weak Chinese economic data raised concerns about the health of the global economy. *Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed, adding to questions over whether the world's second-largest economy is recovering.

  • LONDON, May 3- Hedge funds increased their net long positions in Brent and WTI derivatives by 7 million barrels to a record 663 million barrels in the week ending April 26. Even though oil prices have already risen by roughly $20 per barrel from their low in January, hedge funds are more bullish than at any time since oil prices started slumping in the summer of 2014..

  • *H1 cash profit A $2.78 bln vs A $3.48 bln consensus. SYDNEY, May 3- Australia's No. 4 lender, ANZ Banking Group, on Tuesday posted its biggest half-yearly decline in cash profit since 2008 and slashed dividends for the first time in seven years on rising corporate defaults triggered by a mining downturn. The big earnings drop at ANZ, the only major Australian bank with...

  • NEW YORK, May 2- A weakening U.S. dollar and optimism that commodity prices will steady boosted global stock markets on Monday, pushing down U.S. "I think we are at a turning point" in sentiment, said Bernard Baumohl, managing director and chief global economist at the Economic Outlook Group in Princeton, New Jersey. MSCI's measure of world stock indexes rose 0.2...

  • *Rising share prices reduce demand for Treasuries Yields rise as jobs data, Fed policy in focus. NEW YORK, May 2- U.S. "I think perhaps people were positioning for a weaker number, given the weakness in some of the regional indicators," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • ATLANTIC CITY, N.J., May 2- Atlantic City, New Jersey's cash-strapped gambling hub, avoided a default on Monday by making its $1.8 million debt service payment, Mayor Don Guardian said. "If we didn't make our bond payment it would be detrimental, including us," Mayor Don Guardian said at a press conference. Tax-exempt serial maturities from 2023 through 2032 are...

  • May 2- Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments. Through mutual funds that include the $100 billion- plus Contrafund, Boston- based Fidelity has become one of the largest investors in companies before they go public.

  • NEW YORK, May 2- U.S. The Institute for Supply Management said its index of national factory activity fell to 50.8 in April from 51.8 the month before. "I think perhaps people were positioning for a weaker number, given the weakness in some of the regional indicators," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • US TREASURY YIELDS RISE TO SESSION HIGHS AFTER DATA, 10- YEAR YIELDS INCREASE TO 1.85 PCT.

  • *Yields rise as Fed rate policy in focus. NEW YORK, May 2- U.S. "They weren't really eager to pound the table and keep June on the table...," said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.

  • TOKYO, May 2- Japanese government bond prices rose on Monday, sending the benchmark 20- year yield to a record low, after Japanese share prices fell more than 3 percent to three-week lows on the yen's gains. The 20- year JGB yield fell to as low as 0.235 percent, below its previous trough of 0.245 percent touched on April 20. The spread between 10- and 20- year yield...