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Fed balance sheet grows in latest week
ReutersNEW YORK (Reuters) - The Federal Reserve's balance sheet grew in the latest week as the central bank's holdings of U.S. Treasuries increased, Fed data released on Thursday showed. The Fed's ownership of mortgage bonds guaranteed by Fannie Mae , Freddie...Tags: Freddie Mac, Fannie Mae, Politics, Federal Reserve, Government
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Tesla motors increases convertible bond offer to $525mln
ReutersBy Stephen Lacey NEW YORK, May 16 (IFR) - Tesla Motors on Thursday increased the size of its convertible bond and tightened price talk, according to two market sources close to the situation. The five-year convertible bond is now sized at $525m and...Tags: Fuel-efficient Vehicles, Tesla, Hybrid Vehicles, Elon Musk, Tesla Motors, Inc.
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US high-grade bond market tone subdued after Merck jumbo trade
ReutersBy John Balassi NEW YORK, May 16 (IFR) - Market tone is relatively muted early on Thursday, despite the surprisingly better-than-expected first quarter GDP print from Japan that showed that the governments new inflation policies are beginning to kick in....Tags: Consumers, Goldman Sachs Group, Inc., Finance, Financial Markets, Books
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Stock investors look again to earnings in search for winners
Reuters* Correlations falling across equities * Gap between cheap and expensive is narrower * Long-short hedge funds, earnings momentum to benefit By Simon Jessop LONDON, May 16 (Reuters) - Company earnings should become a more useful guide to European share...Tags: Auto Trends, Deutsche Bank AG, Finance, Central Bank, European Central Bank
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Detroit recovery plan a negative for bondholders-Moody's
ReutersMay 16 (Reuters) - A financial recovery plan released on Monday by a state-appointed emergency manager running Detroit has negative consequences for the city's bondholders, Moody's Investors Service said on Thursday. "The plan is negative for Detroit...Tags: Economy, Business and Finance, Finance, Credit Ratings, Moody's Corporation
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No let-up for busy US high-grade market
ReutersBy Joy Ferguson and Rachelle Kakouris May 16 (IFR) - There was no let-up in the high-yield market on Thursday even after the deluge of deals yesterday, when 10 issuers rushed to market for a total of USD7.5bn. A total of USD10.451bn has priced so far...Tags: Deutsche Bank AG, Univision (tv network), Loans, Goldman Sachs Group, Inc., Neenah Paper Incorporated
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Detroit recovery plan raises specter of default: Moody's
Reuters(Reuters) - Detroit's bondholders face a heightened chance of default or bankruptcy by the city under a financial recovery plan released on Monday by a state-appointed emergency manager running the city, Moody's Investors Service said on Thursday. "The...Tags: Economy, Business and Finance, Finance, Credit Ratings, Bankruptcy, Financially Distressed Companies
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Six more deals feed hungry US high-grade primary market
ReutersBy John Balassi May 16 (IFR) - Even though investors have digested over USD30bn in high-grade supply in just three days, six more issuers were in the USD primary market on Thursday looking to take advantage of tightening credit spreads and lower rates....Tags: Thomson Corporation, Credit Ratings, BNP Paribas, Federal Reserve, Kazakhstan
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Japan's first-quarter growth spurt shows early benefits of Abe's policy gamble
ReutersTOKYO (Reuters) - Japan's economy expanded at a rapid clip at the start of the year, the first hard evidence that Prime Minister Shinzo Abe's sweeping stimulus is beginning to rouse consumers and businesses into action even as risks loomed in the horizon....Tags: Consumers, Exports, Japan, Tokyo (Japan), Economic Indicator
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CNH Tracker-Stronger currency enhances appetite for dim sum
ReutersBy Saikat Chatterjee HONG KONG, May 16 (Reuters) - Despite recent volatility in the offshore yuan market, the demand for bonds denominated in the Chinese currency is likely to remain strong as the yuan's appreciation trend looks intact. An HSBC index...Tags: China, Economy, Business and Finance, Hong Kong, Finance, Financial Markets
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GLOBAL MARKETS-U.S. stocks extend record run, euro slips on data
Reuters* Disappointing U.S., euro zone data fuels hope of stimulus * U.S. bond yields slip; stock rise offsets earlier dip * Dollar rises against most currencies except yen * Oil reverses from earlier drop, gold stuck in losing streak By Richard Leong NEW...Tags: S&P 500, Germany, Financial Markets, Federal Reserve, Japan
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ANALYSIS-For all the debt, there's a shortage of bonds
ReutersBy Mike Dolan LONDON, May 15 (Reuters) - Debt may be everywhere but there's a scarcity of bonds. With governments awash with debt and furiously selling new securities to fund bloated budget deficits, the idea of a bond shortage on the marketplace may...Tags: International Monetary Fund, Ben Bernanke, Economy, Business and Finance, Finance, Federal Reserve
May 16, 2013
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May 15, 2013
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