Deputy U.S. Public Finance Editor, New York
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Aug 18, 2015

Emerging market debt trading volumes down 27 pct in Q2

NEW YORK, Aug 18 (Reuters) – Emerging market debt trading
volumes fell to $1.211 trillion in the second quarter of 2015,
from $1.668 trillion in the same period a year ago, due to
economic weakness in the sector and regulations tied to the
Volcker Rule, a new survey showed.

Second-quarter trading volumes declined 27 percent versus a
year ago, but fell only 1 percent from the first quarter of
2015, EMTA, the association for the emerging markets debt
trading industry, said in a statement.

Aug 17, 2015

New Jersey OKs permit to rebuild storm-hit amusement park

NEW YORK (Reuters) – Owners of an historic amusement park on the New Jersey shore badly damaged by Superstorm Sandy in 2012 have been given a permit to rebuild, state authorities said on Monday.

Casino Pier in Seaside Heights, first opened in 1932, was wrecked by the storm that hammered northeastern U.S. coastal areas and caused billions of dollars in damage. One of the more memorable images of the devastation was of the park’s Skyride roller coaster partly submerged in the Atlantic Ocean.

Aug 11, 2015

New York probes allegations of inmates beaten after prison escape

NEW YORK (Reuters) – Authorities are investigating allegations that guards beat and abused dozens of inmates in an upstate New York prison after the daring escape of two convicted killers in June, state corrections officials said on Tuesday.

The Department of Corrections and Community Supervision said it had been investigating for several weeks the allegations of prisoner abuse at the Clinton Correctional Center, which were first reported in the New York Times on Tuesday.

Aug 8, 2015

New York to clean cooling towers in outbreak area by Sunday: mayor

NEW YORK (Reuters) – New York officials expect by Sunday to complete a city-ordered cleaning of cooling towers in the South Bronx that were tied to an outbreak of Legionnaires’ disease that has killed 10 people, Mayor Bill de Blasio told reporters on Saturday.

The outbreak appears to have peaked with no new cases diagnosed over the last four days, but the inspection and cleaning of cooling towers will continue as the city battles the Legionella bacteria, which thrive in warm water, de Blasio said.

Aug 5, 2015

Emerging market CDS volume down 29 pct in Q2 -EMTA survey

NEW YORK, Aug 5 (Reuters) – Emerging market credit default
swaps trading volume fell 29 percent in the second quarter of
2015 versus the same period a year ago, according to a survey
released on Wednesday.

EMTA, the emerging markets debt trading and investment
industry trade association, said second quarter volume for CDS
totaled $275 billion versus the $389 billion in reported
transactions a year earlier.

Jul 31, 2015

Prices rally on record low increase in Q2 labor costs

NEW YORK, July 31 (Reuters) – U.S. Treasuries rallied on
Friday after data showed labor costs rose in the second quarter
by the smallest margin on record, putting a dent in the argument
for the U.S. Federal Reserve to raise interest rates in
September.

Investors have been building positions that anticipated the
Fed this year will finally raise U.S. interest for the first
time since 2006, lifting off its near-zero interest rate policy
as the economy strengthens.

Jul 31, 2015

Prices rally after employment cost index barely rises

NEW YORK, July 31 (Reuters) – U.S. Treasuries rallied on
Friday after data showed labor costs in the second quarter rose
by the least in the history of the index, putting a dent in the
argument for the U.S. Federal Reserve to raise interest rates in
September.

Yields spiked downward as prices rallied broadly, from the
two-year note through the 30-year bond.

Jul 30, 2015

Yield curve flatter after upbeat U.S. growth data

NEW YORK, July 30 (Reuters) – U.S. Treasuries prices were
mixed on Thursday and the yield curve turned flatter following
strong U.S. economic growth data that led to gains for
longer-dated debt and stable short-end prices as expectations of
a September U.S. rate rise heightened.

Economic growth in the United States accelerated in the
second quarter to a 2.3 percent annual rate, backed by solid
consumer demand. First-quarter growth was revised to a positive
0.6 percent rate from an initial read of negative 0.2 percent.

Jul 30, 2015

Prices mixed after upbeat U.S. growth data

NEW YORK, July 30 (Reuters) – U.S. Treasuries prices were
mixed on Thursday and the yield curve turned flatter following
strong U.S. economic growth data that led to gains for
longer-dated debt and stable short-end prices as expectations of
a September U.S. rate rise heightened.

Economic growth in the United States accelerated in the
second quarter to a 2.3 percent annual rate, backed by solid
consumer demand. First quarter growth was revised to a positive
0.6 percent rate from an initial read of negative 0.2 percent.

Jul 29, 2015

Prices stay lower after Fed says U.S. economy improving

NEW YORK, July 29 (Reuters) – U.S. Treasury prices, which
had already lost ground on Wednesday, had little reaction to the
Federal Reserve’s assessment of an improving U.S. labor market
as it kept the door open for an interest rate hike, possibly as
soon as September.

Shorter-dated Treasuries initially gained ground on the
Fed’s statement, which highlighted that the economy had overcome
a first-quarter slowdown and was now “expanding modestly.” The
Fed, as expected, left in place its zero interest rate policy.

    • About Daniel

      "Deputy U.S. Public Finance Editor. Responsible for editing and reporting on U.S. municipalities, their debt, investments and budgets. Special focus on U.S. infrastructure spending and mutual fund analysis. Previously Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
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