Two-Year Treasury Note Yields Fall to 18-Month Lows as Global Stocks Drop

(Bloomberg) -- Treasuries were little changed, with
two-year note yields near the lowest in 18 months, as European
and Asian stocks dropped.

Two-year note yields declined 2 basis points, or 0.02
percentage point, to 4.4 percent at 8:30 p.m. in New York,
according to bond broker Cantor Fitzgerald LP. The price of 4
5/8 securities due in July 2009 rose 1/32, or 31 cents per
$1,000 face amount, to 100 14/32. Bond yields move in the
opposite direction of prices.


Read more at Bloomberg Bonds News

Oil Falls, Heading for Biggest 2-Day Decline Since June, on OPEC, Economy

(Bloomberg) -- Crude oil fell in New York, heading
for its biggest two-day decline since June, after OPEC increased
output and on signs U.S. economic growth will slow, reducing fuel
demand.

Members of the Organization of Petroleum Exporting Countries,
excluding Angola, raised production last month by the most since
September 2004, a Bloomberg News survey showed. Asian stocks
dropped on renewed concern losses in the U.S. mortgage market
will trim growth in the world's biggest economy.


Read more at Bloomberg Energy News

Treasuries Little Changed on Signs of Slowing Expansion, Decline in Stocks

(Bloomberg) -- Treasuries were little changed as
Asian stocks slid and speculation increased that losses tied to
subprime mortgages will prompt the Federal Reserve to cut
interest rates this year.

Ten-year notes may extend their gains into a fifth week
after reports showed employers added fewer jobs than expected
last month and bond investors are becoming less bearish.
Treasuries are on track to return 5.3 percent this year, the
most since 2002, according to a Merrill Lynch & Co. index.


Read more at Bloomberg Bonds News

Asian Stocks Extend Weekly Decline on Concerns Over U.S. Subprime Loans

(Bloomberg) -- Asian stocks fell for a second week,
led by Macquarie Bank Ltd. and Taiwan Life Insurance Co., on
concern the U.S. subprime loans crisis is spreading to the
region's financial companies.

Macquarie Bank, Australia's largest securities firm, erased
its gains for the year after saying investors in some of its
funds may lose as much as 25 percent of their money. Taiwan Life
had its worst week in more than three years after reporting a
hedge fund loss.


Read more at Bloomberg Stocks News

Asian Stocks Decline, Led by Macquarie Bank, Sony on U.S. Subprime Rout

(Bloomberg) -- Asian stocks fell after a U.S. lender
said it lacks cash to fund new loans, reigniting concerns that a
decline in the country's subprime loan industry will curb growth
in the world's largest economy.

Macquarie Bank Ltd., Australia's largest securities firm,
plunged after it said investors in some of its high-yield funds
may lose as much as 25 percent of their money amid the fallout in
U.S. subprime mortgages. Sony Corp. led declines among exporters
on concern the U.S. housing rout will dent consumer spending.


Read more at Bloomberg Stocks News

US STOCKS-Wall St eyes flat open as data reassures

(Reuters) - NEW YORK, July 27 - U.S. stocks headed for a flat
to lower open on Friday as investors remained jittery about the
worsening climate for financing corporate takeovers, but
reassuring data on the economy offered some support.




A day after U.S. equities suffered their second worst
decline this year, futures temporarily cut losses following the
GDP report. But with European stocks volatile and Asian stocks
lower overnight, the underlying tone on Wall Street remained
nervous.


Read more at Reuters.com Bonds News

Yen Rebounds as Investors Trim Carry Trades on Decline in Global Stocks

(Bloomberg) -- The yen rebounded from a record low
against the euro as a slide in Asian stocks spurred traders to
scale back investments in emerging-market assets funded by
borrowing in Japan.

The currency headed for a second day of gains after the
Standard & Poor's 500 Index last week had the first weekly
decline in a month on concern subprime mortgage losses will
worsen a housing slowdown. The yen has dropped against all 16
most-active currencies this year as investors borrowed cheaply in
Japan to buy higher-yielding assets in so-called carry trades.


Read more at Bloomberg Currencies News

Asian Stocks Climb on Earnings, Metals Prices; LG Electronics, BHP Advance

(Bloomberg) -- Asian stocks rose for a second day,
led by technology shares and commodity producers, after LG
Electronics Inc. reported better-than-expected earnings and
metals prices climbed.

LG, Asia's No. 2 mobile-phone maker, was set for its
biggest gain in five weeks. BHP Billiton, the world's largest
miner, gained after copper prices jumped the most in a month.


Read more at Bloomberg Stocks News

Asian Stocks Rise for First Day in Four; Newcrest Advances on Metal Prices

(Bloomberg) -- Asian stocks rose for the first time
in four days. Newcrest Mining Ltd. and Sumitomo Metal Mining Co.
led an advance among commodity producers after copper, gold and
oil prices gained.

``Resources stocks generally trade off the back of macro
information and with commodities prices up, they're doing pretty
well,'' said Troy Angus, who helps manage the equivalent of $2.1
billion at Paradice Investment Management Ltd. in Sydney.


Read more at Bloomberg Emerging Markets News

Asian Shares Rise, Led by BHP Billiton, Posco, on Metals Prices, Takeovers

(Bloomberg) -- Asian stocks climbed, led by BHP
Billiton Ltd., on higher commodity prices and speculation of
further takeovers in the metals industry.

Rio Tinto Group, the world's third-largest mining company,
rose to a record after the Times of London said it's set to bid
for Alcan Inc. South Korea's Posco paced a rally in steelmakers
after Chaparral Steel Co. agreed to be bought for $4.22 billion.


Read more at Bloomberg Stocks News

U.S. Treasury Notes Decline on Waning Demand for Safety of Government Debt

(Bloomberg) -- Ten-year Treasuries fell on
speculation demand for the relative safety of government debt
will wane after the U.K. reduced its terror alert and the U.S.
July 4 holiday passed without incident.

The yield climbed to the highest in almost a week as an
index of Asian stocks rose to a record, suggesting an increased
appetite among investors for riskier assets. The U.K. yesterday
said it had no intelligence suggesting more attacks after three
failed car bombs in London and Glasgow last week.


Read more at Bloomberg Bonds News

Australian Dollar Near 18-Year Peak on the Nation's High-Yielding Assets

(Bloomberg) -- The Australian dollar traded near an
18-year high against the U.S. currency and the strongest in 16
years versus the yen on the nation's higher yielding assets.

Asian stocks rose to a record yesterday, suggesting
investors are prepared to buy higher returning assets overseas.
The currency has advanced 8.8 percent against the U.S. dollar
and 12 percent versus the yen this year as the Morgan Stanley
Capital International Asia Pacific Index of shares gained 11
percent. Australia's 6.25 percent interest rate compares to 5.25
percent in the U.S. and 0.5 percent in Japan.


Read more at Bloomberg Currencies News

Australian Dollar Falls From 18-Year High as Investors Pare Carry Trades

(Bloomberg) -- The Australian dollar fell from an
18-year high against the U.S. currency on speculation investors
will pare higher-yielding assets as Asian stocks followed U.S.
equities lower.

Australia's currency also dropped the most in six weeks
versus the yen as investors pared so-called carry trades, where
they buy higher-returning assets with money borrowed in
countries with lower borrowing costs. The local dollar has made
the second-biggest gain the past year among major currencies on
Australia's 6.25 percent benchmark rate, which compares with
Japan's 0.5 percent and 5.25 percent in the U.S.


Read more at Bloomberg Currencies News

Asian Stocks Fall for a Third Day on U.S. Spending Concern; Sony Declines

(Bloomberg) -- Asian stocks fell for a third day on
concern a slump in U.S. housing will curb spending in the
region's biggest export market.

Sony Corp., which made 70 percent of its sales overseas last
year, and Hon Hai Precision Industry Co., whose customers include
Apple Inc., led declines after sales of previously owned homes
fell to the lowest in almost four years.


Read more at Bloomberg Stocks News

Asian Stocks Rise on Jump in Chip Prices, Japan's Exports; Samsung Gains

(Bloomberg) -- Asian stocks advanced for a sixth
day, the longest winning streak in almost eight months, after
prices of computer-memory chips jumped and a report today showed
Japan's export growth almost doubled in May.

Samsung Electronics Co. and Toshiba Corp. paced technology
shares higher, helping the Morgan Stanley Capital International
Asia Pacific Index to a record. China Mobile Ltd. led Hong
Kong's Hang Seng Index to a new high after the Chinese
government gave its approval for mainland brokerages to buy
shares overseas.


Read more at Bloomberg Stocks News

Asian Stocks Slide From Record, Led by Nissan; BHP Drops on Metals Prices

(Bloomberg) -- Asian stocks fell, dragging a
regional benchmark from a record high, after confidence in the
U.S. homebuilding industry dropped to a 16-year low and metals
prices declined.

Nissan Motor Co. and James Hardie Industries NV led a drop
among companies that rely on U.S. sales on speculation spending
in the world's largest economy will wane. BHP Billiton Ltd., the
world's largest mining company, ended a three-day climb, while
energy stocks including Inpex Holdings Inc. advanced after crude-
oil prices rose to the highest in nine months.


Read more at Bloomberg Stocks News

Asian Stocks Rise for Third Day on U.S. Inflation; Toyota, Samsung Gain

(Bloomberg) -- Asian stocks rose for a third day
after a measure of U.S. inflation cooled and the yen weakened
against the dollar and euro, helping improve earnings prospects
for the region's exporters.

Samsung Electronics Co. and Toyota Motor Corp. led
technology companies and automakers higher. BHP Billiton Ltd.
climbed to a third straight record after metals prices advanced.


Read more at Bloomberg Stocks News

Asian Stocks Rise on Japan's Economic Growth; Mitsubishi UFJ, Samsung Gain

(Bloomberg) -- Asian stocks gained for the first
time in three days after Japan raised its first-quarter growth
estimate for the region's biggest economy.

Mitsubishi UFJ Financial Group Inc., Japan's largest bank,
climbed on expectations stronger growth will boost profits for
domestic businesses. Sony Corp. and Samsung Electronics Co. rose
after a decline in U.S. bond yields damped speculation that the
Federal Reserve will raise interest rates in Asia's largest
export market.


Read more at Bloomberg Stocks News

Asian Stocks Fall in U.S. Trading on Higher Bond Yields; Kookmin Declines

(Bloomberg) -- Asian stocks dropped in U.S. trading
for a third day after a jump in bond yields fueled speculation
the Federal Reserve will raise interest rates. Kookmin Bank and
Mitsubishi UFJ Financial Group Inc. fell.

The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, tumbled 0.8 percent to
163.83, the biggest decline in two weeks. The measure has
retreated 1.6 percent since setting a record June 4.


Read more at Bloomberg Stocks News

Asian Stocks Rise in U.S. Trading, Led by Cnooc, Santos; Tata Motors Drops

(Bloomberg) -- Asian stocks gained in U.S. trading as
oil rose above $66 a barrel, lifting Cnooc Ltd. and other energy
shares.

The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, climbed for a sixth day,
adding 0.1 percent to 166.50.


Read more at Bloomberg Stocks News