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Oct 7, 2011

Better jobs report pushes 10-yr yield above 2 pct

NEW YORK, Oct 7 (Reuters) – The prices of U.S. Treasury
securities fell on Friday, with the yields of 10-year notes and
30-year bonds breaking back above important boundaries, as
better-than-expected job growth in September dampened the case
for more Fed intervention.

Benchmark yields were on track for their biggest weekly
rise in three months. Ten-year yields moved back above 2
percent, and 30-year yields returned to 3 percent from historic
lows.

Oct 7, 2011

Prices fall after better jobs report, volume low

NEW YORK, Oct 7 (Reuters) – The prices of U.S. Treasury
securities fell on Friday, despite ratings cuts on Italy and
Spain that sent stocks into the red, as Treasury traders
reacted to a better-than-expected reading on job growth for
September.

Benchmark yields were on track for their biggest weekly
rise in three months. But volume in afternoon trading was low,
as many traders closed out early ahead of a three-day weekend
for the bond market.

Oct 5, 2011

Fed’s primary dealer expansion seen aiding markets

NEW YORK, Oct 5 (Reuters) – Fed watchers and market
participants praised the Federal Reserve Bank of New York for
its good timing after the New York Fed on Tuesday designated
two Canadian banks as primary dealers.

Analysts said on Wednesday the New York Fed’s addition of
two new primary dealers to the list will help keep the Treasury
market and other short-term rates markets liquid, and is
especially crucial as French banks continue to grapple with the
euro zone debt crisis.

Oct 4, 2011

NY Fed names two primary dealers, list grows to 22

NEW YORK, Oct 4 (Reuters) – The Federal Reserve Bank of New
York on Tuesday granted primary dealer status to two large bond
dealers, Bank of Nova Scotia (BNS.TO: Quote, Profile, Research, Stock Buzz) and BMO Capital Markets
(BMO.TO: Quote, Profile, Research, Stock Buzz), bringing the total number of primary dealers to 22.

The announcement comes as some of the financial firms on
the primary dealer list, including French banks Societe
Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz) and BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz), are being rocked
by the euro zone debt crisis.

Oct 4, 2011

Insight: Gucci, Tiffany target Chinese banks

NEW YORK (Reuters) – Two Western luxury-goods giants are taking a controversial tack in the fight on Chinese knockoffs, by targeting the U.S. branches of major Chinese banks that allegedly do business with the pirates.

But the copycat-fighting strategy faces resistance from a surprising source: the Federal Reserve Bank of New York, which sees the cases as a threat to the large community of foreign banks operating in America’s financial capital.

Oct 4, 2011

Insight – Gucci and Tiffany target Chinese banks

NEW YORK (Reuters) – Two Western luxury-goods giants are taking a controversial tack in the fight on Chinese knockoffs, by targeting the U.S. branches of major Chinese banks that allegedly do business with the pirates.

But the copycat-fighting strategy faces resistance from a surprising source: the Federal Reserve Bank of New York, which sees the cases as a threat to the large community of foreign banks operating in America’s financial capital.

Oct 4, 2011

Gucci, Tiffany target Chinese banks

NEW YORK, Oct 4 (Reuters) – Two Western luxury-goods giants
are taking a controversial tack in the fight on Chinese
knockoffs, by targeting the U.S. branches of major Chinese banks
that allegedly do business with the pirates.

But the copycat-fighting strategy faces resistance from a
surprising source: the Federal Reserve Bank of New York, which
sees the cases as a threat to the large community of foreign
banks operating in America’s financial capital.

Sep 30, 2011

Which funds are gathering cash for redemptions?

NEW YORK, Sept 30 (Reuters) – Among the businesses engaged
in month-end “window dressing,” which involves closing out
trading positions and moving into cash, some investment funds
may be preparing for clients to ask for their money back.

According to John Brady, a futures trader at MF Global
Securities in Chicago, hedge funds are expecting the number of
redemptions to rise in the fourth quarter.

Sep 27, 2011

Euro zone struggles to stem crisis; Obama urges action

NEW YORK/BRUSSELS (Reuters) – Euro-zone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.

Obama, saying the crisis “is scaring the world,” urged leaders of the 17-nation euro zone to act quickly to help a region where banks have not fully recovered from the 2008 financial crisis and which is now suffering from the Greek government’s debt crisis.

Sep 26, 2011

Euro zone damps talk of rapid debt crisis steps

NEW YORK/BRUSSELS (Reuters) – Euro zone officials are working on ways to magnify the financial firepower of the euro zone’s rescue fund to fight a sovereign debt crisis more effectively, a senior European Central Bank policymaker said on Monday.

ECB executive board member Lorenzo Bini Smaghi said in New York that European policymakers had already begun discussing the next steps to quell a crisis that threatens to derail a fragile world economic recovery.

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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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