New Issues

Gundlach says flatter Treasury yield curve could become a concern

Gundlach says flatter Treasury yield curve could become a concern

Published 21/06/2017

Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday.

[more…]

Israel`s Gamida Cell raises $40 million for bone marrow trial

Israel`s Gamida Cell raises $40 million for bone marrow trial

Published 19/06/2017

Israel's Gamida Cell, which is developing cellular therapies to treat cancer and rare genetic diseases, said on Monday it raised $40 million to finance the advanced trial of its product NiCord to facilitate bone marrow transplants.

[more…]

Digital Realty expands data center reach with DuPont Fabros buy

Digital Realty expands data center reach with DuPont Fabros buy

Published 09/06/2017

Digital Realty Trust Inc (DLR.N) said it would buy fellow data center operator DuPont Fabros Technology Inc (DFT.N) for an enterprise value of about $7.6 billion, its biggest-ever deal, to help expand in high-demand markets in the United States amid a rapid shift to the cloud by technology companies.

[more…]

Jackson National to replace Pimco Total Return with DoubleLine Core

Jackson National to replace Pimco Total Return with DoubleLine Core

Published 06/06/2017

Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco's Total Return Bond investment strategy from Jackson National's product line-up and assign management of the $3.5 billion in that fund offering to Jeffrey Gundlach's DoubleLine Capital.

[more…]

EU executive to say euro zone may need treasury, minister, budget

EU executive to say euro zone may need treasury, minister, budget

Published 30/05/2017

An European Union (EU) flag is pictured during a ceremony in Lausanne, Switzerland May 4, 2017. REUTERS/Denis Balibouse

The EU executive will suggest on Wednesday the euro zone might need to issue collective debt and run a joint budget, among proposals for bolstering the single currency that echo ideas from new French President Emmanuel Macron.

[more…]

Israel`s Netafim draws interest from private equity, Chinese bidders

Israel`s Netafim draws interest from private equity, Chinese bidders

Published 26/05/2017

International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday.

[more…]

U.S. Federal Home Loan Banks rely less on short-term debt: FHFA`s Watt

U.S. Federal Home Loan Banks rely less on short-term debt: FHFA`s Watt

Published 23/05/2017

Federal Housing Finance Agency Director Mel Watt testifies before a Senate Banking Committee hearing on 'The Status of the Housing Finance System After Nine Years of Conservatorship' on Capitol Hill in Washington, U.S., May 11, 2017. REUTERS/Yuri Gripas

The U.S. Federal Home Loan Bank system has made progress in depending less on short-term debt to fund its longer-term assets through the sale of longer-dated bonds, Federal Housing Finance Agency Director Melvin Watt said on Tuesday.

[more…]

Los Angeles school district is top U.S. municipal bond sales next week

Los Angeles school district is top U.S. municipal bond sales next week

Published 12/05/2017

The Los Angeles Unified School District, California's largest school district, plans to sell nearly $1.1 billion of general obligation refunding bonds in the biggest U.S. municipal bond offering next week.

[more…]

Your Money: Older couples ponder financial impact of divorce

Your Money: Older couples ponder financial impact of divorce

Published 26/04/2017

FILE PHOTO: A couple acts out a martial-arts move for a friend's camera (not pictured) as they wait to welcome the first sunrise of 2015 on Sydney's Bondi beach at dawn, January 1, 2015. REUTERS/Jason Reed

What makes couples want to split after decades of marriage?

[more…]

Prudential`s Peters says risk-reward for junk bonds `not favorable`

Prudential`s Peters says risk-reward for junk bonds `not favorable`

Published 20/04/2017

Greg Peters at the Reuters Global Investment Summit in New York, November 17, 2015. REUTERS/Brendan McDermid

PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not favorable."

[more…]