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Jan 26, 2012

Debt prices rally on Fed dovishness

NEW YORK (Reuters) – The prices of Treasuries rose on Thursday, buoyed by clear dovish signals from the Federal Reserve and more fears that the European debt crisis was heating up again.

But a strong report on durable goods orders in December slightly dampened Treasuries’ rally.

Jan 25, 2012

U.S. debt prices edge higher ahead of FOMC statement

NEW YORK (Reuters) – U.S. Treasury prices rose on Wednesday, reversing some of the week’s earlier price declines, as traders awaited a statement from the Federal Open Market Committee and worries about the Greek debt swap negotiations bolstered a safe-haven bid for bonds.

The FOMC is finishing its two-day meeting and will release a policy statement at 12:30 p.m. Federal Reserve Chairman Ben Bernanke will hold a press conference at 2:15 p.m.

Jan 24, 2012

Q&A: Making sense of the Greek debt talks

NEW YORK (Reuters) – From the outside, it can be hard to know just who has the upper hand in the negotiations between Greece, the international community and holders of the Mediterranean country’s bonds.

One day it appears Greece is close to reaching a voluntary restructuring of its sovereign debt. And the next, talks aimed at getting Greece’s creditors to accept steep losses on those bonds are at a standstill.

Jan 24, 2012

Debt prices holding steady as Fed meeting begins

NEW YORK (Reuters) – The prices of Treasury securities hovered near the previous day’s closing levels on Tuesday, stabilizing after a selloff, as global stocks sagged and Greek bondholders clashed with euro zone officials over the terms of a voluntary debt swap.

The price movements in the Treasury market were small, bringing prices one or two fractions of a point to either side of flat. Market strategists described the market as being ‘on hold’ until the results of the Federal Reserve’s policy meeting are released on Wednesday afternoon.

Jan 23, 2012

Treasury prices fall as hopes rise for relief in Europe

NEW YORK (Reuters) – Treasury prices fell on Monday as U.S. stocks rose and investors held out some hope that European leaders were preparing to increase support for struggling euro-zone countries like Spain and Italy.

The 30-year Treasury bond lost more than a point in price. Trading was lighter than normal because of holidays in Asia that took participants out of the marketplace.

Jan 17, 2012

Will hedge fund holdouts scuttle Greek swap deal?

NEW YORK (Reuters) – Hedge funds holding Greek bonds that mature in March may have the strongest hand in the critical negotiations to restructure the cash-strapped country’s debt.

The Greek government wants to swap out that maturing debt for new, lower-yielding bonds and a small cash payment. But some hedge funds in London and New York that have snapped up chunks of Greece’s next big maturing bond, the March 20, for around 40 cents on the euro, are balking.

Jan 9, 2012

Chinese economist says yuan appreciation could stall in 2012

NEW YORK (Reuters) – China’s economy won’t crash but a shrinking trade surplus will likely keep its currency, the yuan, from appreciating over the next year or two, a Chinese economist said on Monday.

Huang Yiping, economics professor at the China Center for Economic Research at Peking University, told a conference in New York it would be hard to argue that the yuan was undervalued when the trade surplus was only 2 percent of China’s GDP.

Dec 22, 2011

Afghan central bank chief focuses on Kabul Bank fix

WASHINGTON (Reuters) – In the late 1980s, an Afghanistan-born banker working in California watched as U.S. regulators struggled to cope with a deepening savings-and-loan banking crisis.

Now he is attempting a similar feat in Kabul with the added challenges of widespread corruption, still rampant violence and a major crisis of confidence in Afghanistan’s banking system.

Dec 13, 2011

Treasuries take off after 10 year sale, FOMC statement

NEW YORK (Reuters) – The prices of U.S. Treasury securities rose on Tuesday in a vigorous afternoon rally after a strongly bid 10-year note auction displayed enduring demand for safe-haven assets.

Treasuries’ late-day rally intensified after the Federal Reserve left its monetary policy unchanged, as U.S. stocks gave up their gains and the euro fell against the dollar.

Dec 12, 2011

Prices rise as more clouds gather over Europe

NEW YORK (Reuters) – U.S. Treasuries rallied on Monday as the optimism on Wall Street that followed last week’s EU summit faded and investors began to worry again that a big-picture solution to the euro zone debt crisis was out of reach.

Wall Street stocks fell, adding to Treasuries’ safe-haven appeal, although a bout of new U.S. debt supply over the next few days was expected to hold yields within recent ranges.

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      "Based in New York covering financial crimes, including insider trading, investment scams, accounting fraud and financial firm misconduct."
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