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Investing Securities

  • NEW YORK, Jan 10- The Port Authority of New York and New Jersey has agreed to pay $400,000 to settle allegations it failed to inform investors of risks to roadway projects, becoming the first municipal bond issuer to admit wrongdoing in an enforcement action with U.S. securities regulators. Reuters was first to report in April that the bi-state agency, which...

  • Jan 10- U.S. stock index futures were little changed on Tuesday as investors wait for the quarterly corporate earnings season, with Wall Street at record levels. *Wall Street has been on a record-breaking surge since the Nov. 8 election of Trump, who has pledged tax cuts, lighter regulation and fiscal stimulus. JPMorgan, Bank of America and Wells Fargo reporting...

  • TOKYO, Jan 10- Most Japanese government bond prices fell on Tuesday with the yield curve steepening on caution ahead of a 30- year JGB auction scheduled for the next day. The 10- year JGB yield rose 0.5 basis point to 0.055 percent while the 20- year yield rose 1.0 basis point to 0.600 percent. Market players are reluctant to chase JGBs higher for now ahead of 800...

  • *Investor warns downgrade could push Portugal out of market. LONDON, Jan 9- Portugal is seeking to raise funds through a syndicated sale of bonds just as a persistent banking crisis, reduced support from the European Central Bank and a sluggish economy have pushed its borrowing costs to one-year highs. Portugal's finance minister Mario Centeno told Reuters in...

  • *Germany's yield falls after touching three-week high. LONDON, Jan 9- Euro zone government bond yields fell on Monday after comments by British Prime Minister Theresa May fueled expectations of a "hard Brexit" and increased demand for safe haven assets. Germany's 10- year bond yield fell 2 bps to 0.28 percent, after hitting a high of 0.32 percent earlier in the...

  • NEW YORK, Jan 9- The U.S. dollar slumped against the safe-haven yen on Monday on investors' reduced appetite for risk, while sterling sank to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit. Treasury yields and U.S. stocks drove the dollar down as much as 0.6 percent against the yen to a session...

  • LISBON, Jan 9- Portugal hopes to broaden the investor base for its debt this year, its finance minister said on Monday, predicting the country's depressed bond market would revive as an economic recovery extended through 2017.. In an interview with Reuters, Mario Centeno also said he did not rule out any option for the future of Novo Banco, including potential...

  • LONDON, Jan 9- Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016.. The first position reports of the new year show hedge funds actually cut their combined position in the three main contracts by 6 million barrels in the week to Jan. 3.

  • NEW YORK, Jan 9- Post-trade provider the Depository Trust& Clearing Corporation will use blockchain technology this year to rebuild its platform that processes $11 trillion worth of credit default swaps, as Wall Street intensifies efforts to take advantage of the emerging technology. It expects the new blockchain-enabled Trade Information Warehouse to go...

  • BUDAPEST/ PRAGUE, Jan 9- The Czech crown extended its gains in six-month forward contracts on Monday, lifted by hopes that inflation data will support expectations for a removal of the central bank's ceiling on the crown in mid-2017. On the spot market, the crown was glued to the cap, which keeps it weaker than 27 against the euro, while Hungary's forint and the Polish...

  • *Indonesia has asked other banks to submit proposal for USD sukuk. JAKARTA, Jan 9- Indonesia has barred U.S. bank JPMorgan Chase& Co from submitting an underwriting proposal for its next issuance of dollar-denominated Islamic bonds, a finance ministry official said on Monday. The government's exclusion of JPMorgan comes shortly after the Finance Ministry said...

  • *Indonesia has asked other banks to submit proposal for USD sukuk. JAKARTA, Jan 9- Indonesia has barred U.S. bank JPMorgan Chase& Co from submitting an underwriting proposal for its next issuance of dollar-denominated Islamic bonds, a finance ministry official said on Monday. The government's exclusion of JPMorgan comes shortly after the Finance Ministry said...

  • *Europe vs U.S. bank profits: http://reut.rs/2a27exm. LONDON, Jan 6- Improving economic conditions, a steeper government bond yield curve and an overall decline in bad debts suggest 2017 is shaping up as the healthiest year for Europe's banks in almost a decade. "Banks had faced a perfect storm, which was low growth, concerns around asset quality, low levels of...

  • *Major currencies in tight range on Monday with Tokyo off. SYDNEY, Jan 9- The dollar crept ahead in Asia on Monday after signs of wage pressure in the December U.S. jobs report proved enough to lift Treasury yields, but bulls remained wary of a sudden setback following last week's wave of profit-taking. A holiday in Tokyo kept trading light and the dollar index was...

  • *Major currencies in tight range on Monday with Tokyo off. SYDNEY, Jan 9- The dollar marked time in Asia on Monday after signs of wage pressure in the December U.S. jobs report proved enough to lift Treasury yields, but with bulls wary of a setback following last week's wave of profit-taking. The euro was steady at $1.0534, after ricocheting between $1.0339 and...

  • *Indonesia govt cut business ties with JPMorgan after downgrade. JAKARTA, Jan 6- Indonesia is planning regulation to ensure primary bond dealers produce only "factual" research, senior government officials said, in a move that is likely to add to bankers' concerns about a growing backlash over negative investment commentary. Suahasil Nazara, the Finance...

  • *Indonesia cut business ties with JPMorgan after downgrade. JAKARTA, Jan 6- Indonesia is planning a regulation to ensure primary bond dealers produce only "factual" research, two senior finance ministry officials said. Emerging markets, including Indonesia, are vulnerable to potentially disruptive capital outflows as expectations of faster U.S. interest...

  • NEW YORK, Jan 6- Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year's total cash withdrawals to $16.1 billion, Morningstar data showed on Friday. The Pimco Income Fund, which Pimco Group Chief Investment Officer Dan Ivascyn told Reuters on Friday has increased its exposure to safer...

  • LONDON, Jan 6- If you believe the past fortnight's shift in the pricing of currency market derivatives, bankers' concerns that Marine Le Pen may win French presidential elections in May and send another political shockwave through the euro zone may be easing. That move was also fed by stronger dollar expectations that kicked in after Donald Trump won the U.S....

  • LONDON, Jan 6- Investors piled back into bonds in the past week, directing the largest inflow into these funds for three months, although the pause in the bond market selloff will probably only be fleeting, Bank of America Merrill Lynch said on Friday. But those at their desks put money to work, with equity funds chalking up $5.5 billion inflows and emerging market...