GLOBAL, Financial Markets - Bonds

Muni Bond Strategy Is Buy High (Quality), Sell Low

Municipal bonds face trouble ahead that one expert links to lava flowing from a volcano. Read More | View Original Article

The Week That Was: Dimon's Good Week

CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Bernanke's comments concerned investors. There was good housing news and Apple's Tim Cook faced the Senate's music. Also, Jamie Dimon held on to his dual titles. Read More | View Original Article

TREASURIES-Prices rise, 10-year yields fluctuate around 2 pct

*Treasury sells $99 bln in 2-, 5-, 7- year notes next week. NEW YORK, May 24- U.S. Now the market has heard Bernanke and seen the minutes and we're seeing some better data, the market is going to start to decide where they think the Fed is going, sooner than later, "said Jason Rogan, managing director of Treasuries trading at Guggenheim Partners in New York." Read More | View Original Article

Fed's Lack of Clarity

CNBC's Steve Liesman clarifies the Fed's statement "until the outlook for the labor market has improved substantially," in regards to ending QE; and Bob Browne, Northern Trust CIO, dissects what the Fed means for the market. Read More | View Original Article

EdP raises €450m in securitisation deal

The power utility’s transaction on Friday was seen as further evidence of Portugal’s successful return to the international debt market Read More | View Original Article

Bet against Treasuries at your own risk

Inflation, the prime enemy of fixed rate debt, is falling, and that makes Treasury yields look a lot better when lumped together in a beauty contest with other major government bond markets Read More | View Original Article

EURO GOVT-Investors favor Bunds to riskier debt into weekend

LONDON, May 24- Spanish and Italian government bond yields rose on Friday as investors sought safety before a long weekend, favouring German Bunds over lower-rated paper. Read More | View Original Article

Advanced Biofuels in the Valley of Disbelief

Jim Lane cellpadding=”2″ width=”238″> Lies, Truth, and Disbelief Read More | View Original Article

From paper reserves to gold reserves

GoldMoney’s contributing author Gabriel Mueller looks at the possible consequences should central banks around the world start to divert their foreign currency reserves into gold. Read more…. Read More | View Original Article

Gold struggles to consolidate as retail demand and ETF sales collide

The gold price “could take multiple weeks to consolidate and determine a direction” says Scotia Mocatta. Read more…. Read More | View Original Article

Corsets, crosscurrents and QE countdown buffet gold

While rising slightly in trade this morning, gold continues to be pulled in opposite directions. Read more…. Read More | View Original Article

Gold Fields reviews Kyrgyz mine attacked by horsemen

The South African gold company says it is reviewing its Talas copper-gold project that was attacked by armed horsemen in 2011. Read more…. Read More | View Original Article

Gold steadies near $1,390, set for best week in four

The gold price has been boosted this week by a drop in stocks, which in Europe posted their biggest one-day fall in nearly a year on Thursday. Read more…. Read More | View Original Article

Norton may seize on gold’s slump to make acquisitions

“We have not set up a time frame for when we need to get one done, but our strategy is to keep looking,” says CEO Dianmin Chen. Read more…. Read More | View Original Article

3 men charged in HK mercantile exchange probe

The 3 men were charged on Friday with possessing false documents in connection with a probe into the shuttered Hong Kong Mercantile Exchange. Read more…. Read More | View Original Article

Direct Nickel test plant officially on stream

A test plant for a new nickel extraction process for limonitic and saprolitic nickel ores, said to offer lower capex and opex than conventional processes, has been officially opened in Perth. Read more…. Read More | View Original Article

TREASURIES-Prices gain, 10-year yields fall below 2 percent

NEW YORK, May 24- U.S. Treasuries extended their price gains on Friday and benchmark 10- year yields dipped below 2 percent as stocks fell and investors reevaluated whether the recent bond selloff is overdone. Read More | View Original Article

Swings in Japan govt bonds could trigger sell-off

LONDON, May 24- Extreme volatility in the Japanese government bond market could trigger a sell-off on a par with what happened throughout the third quarter of 2003, when local banks and foreign investors were forced to dump their JGB holdings after heightened volatility caused the assets to exceed internal value-at-risk limits. Read More | View Original Article

TREASURIES-Prices rise, 10-year yields hold at 2 percent

*Treasury to sell $99 billion in 2, 5 and 7- year notes next week. NEW YORK, May 24- U.S. Now the market has heard Bernanke and seen the minutes and we're seeing some better data, the market is going to start to decide where they think the Fed is going sooner than later, "said Jason Rogan, managing director of Treasuries trading at Guggenheim Partners in New York." Read More | View Original Article

TREASURIES-Prices turn negative on strong durable goods data

NEW YORK, May 24- U.S. Treasuries yields rose on Friday and prices turned negative after data showed that orders for long-lasting U.S. manufactured goods rose more than expected in April. Benchmark 10- year note yields increased to 2.03 percent, from around 2.01 before the data. Read More | View Original Article

Manchester United To Redeem Bonds Via New Loan Facility

Manchester United has issued a redemption notice for all of the £177.8 million outstanding under its sterling-denominated 8.75% notes due 2017, and the $22.09 million outstanding under its dollar-denominated 8.375% notes due 2017. Read More | View Original Article

US Bond Prices Rise; 10-year Fluctuates Around 2%

U.S. bon prices edged up as traders evaluated the likelihood of the U.S. Fed pulling back on bond purchases. Read More | View Original Article

Japan life insurers may keep money at home as bond yields rise

Meiji Yasuda, one of Japan's three largest life insurers, had said last month that it would consider buying higher-yielding foreign bonds as the central bank's policies were expected to erode the already marginal yields on Japanese government debt. Japan's life insurers hold roughly half of their assets in JGBs. Read More | View Original Article

Kuroda promises to stabilise bond market

BoJ governor vows to curb bond market volatility in an effort to reassure those who fear instability could push up interest rates and damage Japan’s Abe project Read More | View Original Article

JGBs mostly slip, take cue from gyrating stock prices

TOKYO, May 24- Japanese government bond prices mostly fell on Friday, though they pared losses as the stock market wildly gyrated and the benchmark yield remained well shy of the one percent threshold touched a day before. The Bank of Japan's regular bond-buying operation also provided some support to prices. Read More | View Original Article

Sony to Tap Consumers in $1.5 Billion Bond

Sony said Friday it will issue its first ever bond aimed at individual investors. Read More | View Original Article

UPDATE 1-BOJ Kuroda vows to calm JGBs, guide economy to recovery

*BOJ has no targets for stock prices, forex-Kuroda. *Adds bond market stability is "extremely desirable". TOKYO, May 24- Bank of Japan Governor Haruhiko Kuroda on Friday expressed confidence the central bank can stem bond market volatility with flexible market operations and engineer a steady recovery in the world's third-largest economy. Read More | View Original Article