BNP Paribas Asset Management goes short U.S. tech stocks

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BNP Paribas Asset Management goes short U.S. tech stocks

BNP Paribas Asset Management is shifting its exposure across U.S. equities away from banks and positioning for a decline in technology stocks, citing concerns over the maturing cycle in the world's largest economy.

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

Wells Fargo & Co is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people familiar with the matter.

Investors pull most cash from U.S. Treasury funds since March 2016: Lipper

Investors dumped U.S. government debt funds during the latest week, Lipper data showed on Thursday, pulling the most cash from those funds since March 2016 and exacerbating a bond selloff that spooked markets.

U.S. debt markets hold few bargains: Oaktree's Marks

U.S. fixed-income markets are nowhere near ripe for bargain-hunting, even after two days of losses that have knocked bond prices to multiyear lows, a leading value investor said on Thursday.

DoubleLine's Gundlach: 30-year U.S. Treasury signals higher bond yields

Jeffrey Gundlach, chief executive of Doubleline Capital, on Thursday said the 30-year U.S. Treasury bond yield has broken above a multiyear base, which should lead to significantly higher yields for financial markets.

Pimco's Ivascyn says short-maturing U.S. Treasuries look more attractive

Pimco Group Chief Investment Officer Dan Ivascyn, who helps oversee more than $1.71 trillion, said on Thursday that U.S. Treasuries look more attractive because of higher yields but only in the short end of the curve.

Exclusive: Third Point demands Campbell Soup board records

Activist investor Daniel Loeb's hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co, ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace the company's board of directors, according to a letter seen by Reuters.

Race bias lawsuit against Morgan Stanley sent to private arbitration

A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday.

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