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Search results for: Bond-broker

INDIA-BONDS/GAINS
RTX28O4W 
February 26, 2016 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February... 
Mumbai, India 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. Indian bonds, shares and the rupee gained on Friday after a key government report on the economy was seen as calling for fiscal prudence and stable inflation, while also acknowledging risks to the growth outlook. REUTERS/Shailesh Andrade 
INDIA-BONDS/GAINS
RTX28O4V 
February 26, 2016 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February... 
Mumbai, India 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. Indian bonds, shares and the rupee gained on Friday after a key government report on the economy was seen as calling for fiscal prudence and stable inflation, while also acknowledging risks to the growth outlook. REUTERS/Shailesh Andrade 
INDIA-BONDS/GAINS
RTX28O4U 
February 26, 2016 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February... 
Mumbai, India 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai 
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. Indian bonds, shares and the rupee gained on Friday after a key government report on the economy was seen as calling for fiscal prudence and stable inflation, while also acknowledging risks to the growth outlook. REUTERS/Shailesh Andrade 
EGYPT-CENTRALBANK/
RTR3JGNU 
April 01, 2014 
A trader watches his monitor at the Egyptian stock exchange in Cairo April 1, 2014. Egypt's Central... 
Cairo, Egypt 
A trader watches his monitor at Egyptian stock exchange in Cairo 
A trader watches his monitor at the Egyptian stock exchange in Cairo April 1, 2014. Egypt's Central Bank said on Tuesday it had covered the entire backlog of dollars owed to foreign investors seeking to repatriate funds from the country but did not say how much money was involved. In a push to restore confidence in the economy, authorities opened a repatriation scheme in March 2013 guaranteeing foreign investors in Egyptian stock and government bond markets access to dollars despite the severe shortages of the U.S. currency. REUTERS/Mohamed Abd El Ghany (EGYPT - Tags: BUSINESS POLITICS) 
MARKETS-SRILANKA/
RTX118CK 
July 01, 2013 
A broker stands in front of the stock board at the Colombo Stock Market in Colombo July 1, 2013.The Sri... 
Colombo, Sri Lanka 
A broker stands in front of the stock board at the Colombo Stock Market in Colombo 
A broker stands in front of the stock board at the Colombo Stock Market in Colombo July 1, 2013.The Sri Lankan rupee extended falls from last week to trade near eight-month lows on Monday, with banks buying dollars to meet demand from importers and foreign bond holders, currency dealers said. REUTERS/Dinuka Liyanawatte (SRI LANKA - Tags: BUSINESS) 
MARKETS-SRILANKA/
RTX1108F 
June 25, 2013 
A broker's hand is seen as he sits in front of the stock board at the Colombo Stock Market in Colombo... 
Colombo, Sri Lanka 
Broker's hand is seen as he sits in front of the stock board at the Colombo Stock Market in Colombo 
A broker's hand is seen as he sits in front of the stock board at the Colombo Stock Market in Colombo June 25, 2013. Sri Lanka's rupee recovered from a near seven-month low on Tuesday, after a state-controlled bank intervened to stabilise the currency, dealers said, but depreciation pressure remained due to dollar
demand from foreign investors who were selling long tenure bonds
before exiting. REUTERS/Dinuka Liyanawatte (SRI LANKA - Tags: BUSINESS) 
MARKETS-GLOBAL/
RTR3F5E7 
March 18, 2013 
A trader looks at his screen on the IG Group trading floor in London March 18, 2013. The surprise decision... 
London, United Kingdom 
A trader looks at his screen on the IG Group trading floor in London 
A trader looks at his screen on the IG Group trading floor in London March 18, 2013. The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank
deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling. REUTERS/Neil Hall (BRITAIN - Tags: BUSINESS POLITICS TPX IMAGES OF THE DAY) 
SPAIN-BONDS/
RTR38S80 
October 04, 2012 
A broker checks his screens during a bond auction at a broker's office in Madrid October 4, 2012. Spanish... 
Madrid, Spain 
Broker checks his screens during a bond auction at a broker's office in Madrid 
A broker checks his screens during a bond auction at a broker's office in Madrid October 4, 2012. Spanish two-and five-year bond yields fell sharply at an auction on Thursday on expectations the country will soon seek European aid to cut its debt costs. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-BONDS/
RTR38S7L 
October 04, 2012 
A broker checks his screens during a bond auction at a broker's office in Madrid October 4, 2012. Spanish... 
Madrid, Spain 
Broker checks his screens during a bond auction at a broker's office in Madrid 
A broker checks his screens during a bond auction at a broker's office in Madrid October 4, 2012. Spanish borrowing costs mostly fell at a bond auction on Thursday but uncertainty over whether the government will ask for an international bailout means they could rise again soon. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS POLITICS TPX IMAGES OF THE DAY) 
SPAIN-DEBT/
RTR38S71 
October 04, 2012 
A broker speaks on the phone during a bond auction at a broker's office in Madrid October 4, 2012. Spanish... 
Madrid, Spain 
Broker speaks on the phone during a bond auction at a broker's office in Madrid 
A broker speaks on the phone during a bond auction at a broker's office in Madrid October 4, 2012. Spanish borrowing costs mostly fell at a bond auction on Thursday but uncertainty over whether the government will ask for an international bailout means they could rise again soon. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-BONDS/
RTR38S6Q 
October 04, 2012 
A broker reacts during a bond auction at a broker's office in Madrid October 4, 2012. Spanish borrowing... 
Madrid, Spain 
Broker reacts during a bond auction at a broker's office in Madrid 
A broker reacts during a bond auction at a broker's office in Madrid October 4, 2012. Spanish borrowing costs mostly fell at a bond auction on Thursday but uncertainty over whether the government will ask for an international bailout means they could rise again soon. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-DEBT/
RTR38S63 
October 04, 2012 
A broker reacts during a bond auction at a brokerage office in Madrid October 4, 2012. Spanish two-and... 
Madrid, Spain 
Broker reacts during a bond auction at a brokerage office in Madrid 
A broker reacts during a bond auction at a brokerage office in Madrid October 4, 2012. Spanish two-and five-year bond yields fell sharply at an auction on Thursday on expectations the country will soon seek European aid to cut its debt costs. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS POLITICS TPX IMAGES OF THE DAY) 
SPAIN/
RTR360M2 
August 03, 2012 
A trader reads a newspaper at Madrid's bourse August 3, 2012. Spanish bond yields ease from highs provoked... 
Madrid, Spain 
A trader reads a newspaper at Madrid's bourse 
A trader reads a newspaper at Madrid's bourse August 3, 2012. Spanish bond yields ease from highs provoked by the European Central Bank's decision to delay action on tackling the region's debt crisis. But analysts foresee market volatility in August putting Spain at risk of a full financial bail-out. REUTERS/Juan Medina (SPAIN - Tags: BUSINESS) 
SPAIN-ECONOMY/
RTR33YAQ 
June 21, 2012 
Traders talk in front of computer screens during Spain's bonds auction in a broker's office in Barcelona... 
Barcelona, Spain 
Traders talk in front of computer screens during Spain's bonds auction in a broker's office in Barcelona... 
Traders talk in front of computer screens during Spain's bonds auction in a broker's office in Barcelona June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Albert Gea (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-ECONOMY/
RTR33YAK 
June 21, 2012 
A trader looks at computer screens during Spain's bonds auction in a broker's office in Barcelona June... 
Barcelona, Spain 
A trader looks at computer screens during Spain's bonds auction in a broker's office in Barcelona 
A trader looks at computer screens during Spain's bonds auction in a broker's office in Barcelona June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Albert Gea (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-ECONOMY/
RTR33YAJ 
June 21, 2012 
A trader looks at computer screens during Spain's bonds auction in a broker's office in Barcelona June... 
Barcelona, Spain 
A trader looks at computer screens during Spain's bonds auction in a broker's office in Barcelona 
A trader looks at computer screens during Spain's bonds auction in a broker's office in Barcelona June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Albert Gea (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-ECONOMY/
RTR33YAH 
June 21, 2012 
Traders point at computer screens during Spain's bonds auction in a broker's office in Barcelona June... 
Barcelona, Spain 
Traders point at computer screens during Spain's bonds auction in a broker's office in Barcelona 
Traders point at computer screens during Spain's bonds auction in a broker's office in Barcelona June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Albert Gea (SPAIN - Tags: BUSINESS POLITICS) 
SPAIN-ECONOMY/
RTR33Y9U 
June 21, 2012 
Traders look at computer screens during Spain's bonds auction in a broker's office in Barcelona June... 
Barcelona, Spain 
Traders look at computer screens during Spain's bonds auction in a broker's office in Barcelona 
Traders look at computer screens during Spain's bonds auction in a broker's office in Barcelona June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Albert Gea (SPAIN - Tags: BUSINESS) 
SPAIN-ECONOMY/
RTR33Y7T 
June 21, 2012 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid... 
Madrid, Spain 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid... 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS) 
SPAIN-ECONOMY/
RTR33Y7S 
June 21, 2012 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid... 
Madrid, Spain 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid... 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS) 
SPAIN-ECONOMY/
RTR33Y7O 
June 21, 2012 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid... 
Madrid, Spain 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid... 
A trader points out a screen showing the results of Spain's bonds auction in a broker's office in Madrid June 21, 2012. Spain's Treasury sold 2.2 billion euros ($2.8 billion) in medium-term bonds on Thursday with yields on the 5-year paper rising to 15-year highs, hours before the government is expected to finalise a multi-billion euro rescue package for its banks. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS) 
MARKETS-BONDS/EURO
RTR33H6H 
June 12, 2012 
A trader looks at electronic boards at the stock exchange in Madrid June 12, 2012. Spanish government... 
Madrid, Spain 
A trader looks at electronic boards at the stock exchange in Madrid 
A trader looks at electronic boards at the stock exchange in Madrid June 12, 2012. Spanish government bond yields rose close to euro-era highs on Tuesday as relief over a bailout for the country's banks quickly turned to concern over how easily it will be able to access debt markets in the longer term. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BILLS/
RTR30UAW 
April 17, 2012 
A trader talks on two phones during a Spanish Treasury bills auction at a private bank in Madrid, April... 
Madrid, Spain 
A trader talks on two phones during a Spanish Treasury bills auction at a private bank in Madrid 
A trader talks on two phones during a Spanish Treasury bills auction at a private bank in Madrid, April 17, 2012. Spain's short-term borrowing costs jumped at a sale of more than 3 billion euros of short-term government debt on Tuesday, reflecting fears about the country's finances and boding ill for a key long-term debt auction later in the week. The Spanish Treasury sold 3.2 billion euros of 12 and 18-month bills, just above its target range of 2-3 billion in sales - solid demand from investors a day after the country's key 10-year bond yield hit a five-month high above 6 percent. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BONDS/
RTR2UP6L 
December 01, 2011 
A broker talks on the phone at a broker's office in Madrid December 1, 2011. Spain sold the maximum amount... 
Madrid, Spain 
A broker talks on the phone at a broker's office in Madrid 
A broker talks on the phone at a broker's office in Madrid December 1, 2011. Spain sold the maximum amount targeted at a sale of bonds on Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances. The yields - ranging from around 5.19 to 5.54 percent on the 4--, 5- and 6-year paper - were the highest paid at a government sale since before the launch of the euro, but remained far below yields around 7 percent widely held as unaffordable. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BONDS/
RTR2UP42 
December 01, 2011 
A broker reacts at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount targeted... 
Madrid, Spain 
A broker reacts at a brokers' office in Madrid 
A broker reacts at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount targeted at a sale of bonds on Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances. The yields - ranging from around 5.19 to 5.54 percent on the 4--, 5- and 6-year paper - were the highest paid at a government sale since before the launch of the euro, but remained far below yields around 7 percent widely held as unaffordable. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BONDS/
RTR2UP2A 
December 01, 2011 
A broker looks at trading screens at a brokers' office in Madrid December 1, 2011. Spain sold the maximum... 
Madrid, Spain 
A broker looks at trading screens at a brokers' office in Madrid 
A broker looks at trading screens at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount targeted at a sale of bonds on Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances. The yields - ranging from around 5.19 to 5.54 percent on the 4--, 5- and 6-year paper - were the highest paid at a government sale since before the launch of the euro, but remained far below yields around 7 percent widely held as unaffordable. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BONDS/
RTR2UP0B 
December 01, 2011 
Brokers look at trading screens at a brokers' office in Madrid December 1, 2011. Spain sold the maximum... 
Madrid, Spain 
Brokers look at trading screens at a brokers' office in Madrid 
Brokers look at trading screens at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount targeted at a sale of bonds on Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances. The yields - ranging from around 5.19 to 5.54 percent on the 4--, 5- and 6-year paper - were the highest paid at a government sale since before the launch of the euro, but remained far below yields around 7 percent widely held as unaffordable. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BONDS/
RTR2UOZS 
December 01, 2011 
A broker talks on phones at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount... 
Madrid, Spain 
A broker talks on phones at a brokers' office in Madrid 
A broker talks on phones at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount targeted at a sale of bonds on Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances. The yields - ranging from around 5.19 to 5.54 percent on the 4--, 5- and 6-year paper - were the highest paid at a government sale since before the launch of the euro, but remained far below yields around 7 percent widely held as unaffordable. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
SPAIN-BONDS/
RTR2UOZN 
December 01, 2011 
Brokers talk on the phone at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount... 
Madrid, Spain 
Brokers talk on the phone at a brokers' office in Madrid 
Brokers talk on the phone at a brokers' office in Madrid December 1, 2011. Spain sold the maximum amount targeted at a sale of bonds on Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances. The yields - ranging from around 5.19 to 5.54 percent on the 4--, 5- and 6-year paper - were the highest paid at a government sale since before the launch of the euro, but remained far below yields around 7 percent widely held as unaffordable. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) 
MARKETS/HAIRCUT
RTR2S51X 
October 02, 2011 
Tad Rivelle, chief investment officer for Fixed Income at TCW group, speaks at the Reuters Investment... 
New York, UNITED STATES 
To match Special Report MARKETS/HAIRCUT 
Tad Rivelle, chief investment officer for Fixed Income at TCW group, speaks at the Reuters Investment Outlook Summit in New York in this December 8, 2010 file photo. More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why some economists are calling for a radical step: massive debt relief. Federal policy makers, they suggest, should broker what amounts to an out-of-court settlement between institutional bond investors, banks and consumer advocates - essentially, a "great haircut" to jumpstart the economy. What some are envisioning is a negotiated process in which cash-strapped homeowners get real mortgage relief, even if it means forcing banks to incur severe write-downs and bond investors to absorb haircuts, or losses, in some of the securities sold by those institutions. Picture taken December 8, 2010. To match Special Report MARKETS/HAIRCUT REUTERS/Brendan McDermid/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE) 
MARKETS/HAIRCUT
RTR2S51V 
October 02, 2011 
Donald Bonner, 61, who has been delinquent on his mortgage payments for three to four months, speaks... 
New York, UNITED STATES 
To match Special Report MARKETS/HAIRCUT 
Donald Bonner, 61, who has been delinquent on his mortgage payments for three to four months, speaks with a mortgage specialist at a JPMorgan Chase foreclosure consultation event in New York, in this March 31, 2011 file photo. More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why some economists are calling for a radical step: massive debt relief. Federal policy makers, they suggest, should broker what amounts to an out-of-court settlement between institutional bond investors, banks and consumer advocates - essentially, a "great haircut" to jumpstart the economy. What some are envisioning is a negotiated process in which cash-strapped homeowners get real mortgage relief, even if it means forcing banks to incur severe write-downs and bond investors to absorb haircuts, or losses, in some of the securities sold by those institutions. Picture taken March 31, 2011. To match Special Report MARKETS/HAIRCUT REUTERS/Shannon Stapleton/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE) 
MARKETS/HAIRCUT
RTR2S51U 
October 02, 2011 
A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New... 
New York, UNITED STATES 
To match Special Report MARKETS/HAIRCUT 
A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New York, in this March 31, 2011 file photo. More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why some economists are calling for a radical step: massive debt relief. Federal policy makers, they suggest, should broker what amounts to an out-of-court settlement between institutional bond investors, banks and consumer advocates - essentially, a "great haircut" to jumpstart the economy. What some are envisioning is a negotiated process in which cash-strapped homeowners get real mortgage relief, even if it means forcing banks to incur severe write-downs and bond investors to absorb haircuts, or losses, in some of the securities sold by those institutions. Picture taken March 31, 2011. To match Special Report MARKETS/HAIRCUT REUTERS/Shannon Stapleton/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE) 
MARKETS/HAIRCUT
RTR2S51T 
October 02, 2011 
A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New... 
New York, UNITED STATES 
To match Special Report MARKETS/HAIRCUT 
A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New York, in this March 31, 2011 file photo. More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why some economists are calling for a radical step: massive debt relief. Federal policy makers, they suggest, should broker what amounts to an out-of-court settlement between institutional bond investors, banks and consumer advocates - essentially, a "great haircut" to jumpstart the economy. What some are envisioning is a negotiated process in which cash-strapped homeowners get real mortgage relief, even if it means forcing banks to incur severe write-downs and bond investors to absorb haircuts, or losses, in some of the securities sold by those institutions. Picture taken March 31, 2011. To match Special Report MARKETS/HAIRCUT REUTERS/Shannon Stapleton/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE) 
MARKETS/HAIRCUT
RTR2S51S 
October 02, 2011 
A mortgage specialist speaks with clients at a JPMorgan Chase foreclosure consultation event in New York,... 
New York, UNITED STATES 
To match Special Report MARKETS/HAIRCUT 
A mortgage specialist speaks with clients at a JPMorgan Chase foreclosure consultation event in New York, in this March 31, 2011 file photo. More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why some economists are calling for a radical step: massive debt relief. Federal policy makers, they suggest, should broker what amounts to an out-of-court settlement between institutional bond investors, banks and consumer advocates - essentially, a "great haircut" to jumpstart the economy. What some are envisioning is a negotiated process in which cash-strapped homeowners get real mortgage relief, even if it means forcing banks to incur severe write-downs and bond investors to absorb haircuts, or losses, in some of the securities sold by those institutions. Picture taken March 31, 2011. To match Special Report MARKETS/HAIRCUT REUTERS/Shannon Stapleton/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE) 
MARKETS-GLOBAL/
RTR2ROHT 
September 22, 2011 
A worker on IG Index's trading floor puts her hand to her face as she speaks on the phone while markets... 
London, United Kingdom 
A worker on IG Index's trading floor puts her hand to her face as she speask on the phone while markets... 
A worker on IG Index's trading floor puts her hand to her face as she speaks on the phone while markets tumble, in London, September 22, 2011. World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears about a global recession one day after a grim economic outlook from the U.S. Federal Reserve. Stocks tumbled more than 4 percent and commodities took a beating. Weak data from Germany and China helped push investors to safe U.S. government bonds, where benchmark yields again touched lows not seen in 60 years. REUTERS/Andrew Winning (BRITAIN - Tags: POLITICS BUSINESS) 
MARKETS-GLOBAL/
RTR2ROHG 
September 22, 2011 
A worker on IG Index's trading floor holds his head in his hands as markets tumble globally, in London... 
London, United Kingdom 
A worker on IG Index's trading floor holds his head in his hands as markets tumble globally, in London... 
A worker on IG Index's trading floor holds his head in his hands as markets tumble globally, in London September 22, 2011. World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears about a global recession one day after a grim economic outlook from the U.S. Federal Reserve.
Stocks tumbled more than 4 percent and commodities took a beating. Weak data from Germany and China helped push investors to safe U.S. government bonds, where benchmark yields again touched lows not seen in 60 years. REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS) 
MARKETS-GLOBAL/
RTR2ROH4 
September 22, 2011 
A worker on IG Index's trading floor looks at her computer screens as markets tumble globally, in London... 
London, United Kingdom 
A worker on IG Index's trading floor looks at her computer screens as markets tumble globally, in London... 
A worker on IG Index's trading floor looks at her computer screens as markets tumble globally, in London September 22, 2011. World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears about a global recession one day after a grim economic outlook from the U.S. Federal Reserve.
Stocks tumbled more than 4 percent and commodities took a beating. Weak data from Germany and China helped push investors to safe U.S. government bonds, where benchmark yields again touched lows not seen in 60 years. REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS TPX IMAGES OF THE DAY) 
GERMANY/
RTR2PPWK 
August 08, 2011 
A combination of three pictures shows a share trader reacting as he looks at his trading monitors during... 
Frankfurt, Germany 
A combination of three pictures shows a share trader reacting as he looks at his trading monitors during... 
A combination of three pictures shows a share trader reacting as he looks at his trading monitors during early morning trading at Frankfurt's stock exchange August 8, 2011. European shares slipped on Monday continuing their two-week slide after Standard & Poor cut the U.S. prized AAA credit rating by one notch, with miners the worst performers. But losses could be limited after the Group of Seven leaders said they were "ready to take action to ensure stability and liquidity in financial markets" and the European Central Bank is to extend its bond buying support. REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS) 
MARKETS-BRITAIN-STOCKS
RTR2PN6A 
August 05, 2011 
A broker reacts at BGC Partners at Canary Wharf financial district in London August 5, 2011. Banks and... 
London, United Kingdom 
A broker reacts at BGC Partners at Canary Wharf financial district in London 
A broker reacts at BGC Partners at Canary Wharf financial district in London August 5, 2011. Banks and commodity stocks fell sharply on Friday as Britain's top share index extended losses into a sixth straight trading day, roiled by a global debt crisis and unmoved by U.S. jobs data easing fears of another economic recession. London's blue chip index closed down 146.15 points, or 2.7 percent at 5,246.99, as investors continued to pile funds into safer havens such as bonds, gold and the Swiss franc. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS IMAGES OF THE DAY) 
SPAIN-BOND/
RTXWIDH 
January 13, 2011 
A graph is seen on a trader's screen at a brokers office in Madrid, January 13, 2011. Investors showed... 
Madrid, Spain 
Graph is seen on a trader's screen at a Madrid trading floor 
A graph is seen on a trader's screen at a brokers office in Madrid, January 13, 2011. Investors showed more appetite for Spain's debt on Thursday, pushing borrowing costs up less than expected at its debut debt auction for 2011 and alleviating some concerns about the euro zone's more vulnerable debtor nations. REUTERS/Paul Hanna (SPAIN - Tags: BUSINESS) 
SPAIN-BOND/
RTXWIDG 
January 13, 2011 
A graph is seen on a trader's screen at a brokers office in Madrid, January 13, 2011. Investors showed... 
Madrid, Spain 
Graph is seen on a trader's screen at a Madrid trading floor 
A graph is seen on a trader's screen at a brokers office in Madrid, January 13, 2011. Investors showed more appetite for Spain's debt on Thursday, pushing borrowing costs up less than expected at its debut debt auction for 2011 and alleviating some concerns about the euro zone's more vulnerable debtor nations. REUTERS/Paul Hanna (SPAIN - Tags: BUSINESS) 
ASIA-BONDS/
RTXT538 
October 07, 2010 
A broker speaks on the phone during trading hours in Mandiri Sekuritas, a brokerage firm in the Bank... 
Jakarta, Indonesia 
A broker speaks on the phone during trading hours in Mandiri Sekuritas, a brokerage firm in the Bank... 
A broker speaks on the phone during trading hours in Mandiri Sekuritas, a brokerage firm in the Bank Mandiri building in Jakarta October 7, 2010. Indonesian and Philippine sovereign bonds hit record highs on Thursday, fuelled by expectations that rates in major economies will stay low for a longer period and the Fed will buy more of U.S. debt. REUTERS/Supri (INDONESIA - Tags: BUSINESS) 
FINANCIAL-PAKISTAN/
RTR2GLMX 
July 21, 2010 
A broker monitors the market while sitting inside his booth at the Karachi Stock Exchange July 21, 2010.... 
Karachi, Pakistan 
A broker monitors the market while sitting inside his booth at Karachi Stock Exchange 
A broker monitors the market while sitting inside his booth at the Karachi Stock Exchange July 21, 2010. Pakistani stocks ended lower on Wednesday as investors booked profits on higher levels on expectations of a rise in the cut-off yields of Pakistan Investment Bonds (PIBs), dealers said. REUTERS/Akhtar Soomro (PAKISTAN - Tags: BUSINESS) 
USA-FED/
RTXRX6D 
December 16, 2009 
A trader in the 10-year bond options pit at the Chicago Board of Trade signals orders, shortly after... 
Chicago, UNITED STATES 
Trader signals orders in Chicago 
A trader in the 10-year bond options pit at the Chicago Board of Trade signals orders, shortly after the Federal Reserve's decision to leave short-term interest rates untouched between zero and 0.25 percent, in Chicago December 16, 2009. REUTERS/Frank Polich (UNITED STATES - Tags: BUSINESS) 
USA-FED/
RTXRX68 
December 16, 2009 
A trader answers phones overlooking the bond trading floor at the Chicago Board of Trade in Chicago December... 
Chicago, UNITED STATES 
Trader answers phones at the Chicago Board of Trade in Chicago 
A trader answers phones overlooking the bond trading floor at the Chicago Board of Trade in Chicago December 16, 2009. The Federal Reserve announced their decision to leave short-term interest rates untouched between zero and 0.25 percent in their final meeting of the year. REUTERS/Frank Polich (UNITED STATES - Tags: BUSINESS) 
MARKETS-INDIA
RTR25D4B 
July 06, 2009 
A broker looks at a computer screen at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell... 
Mumbai, India 
A broker looks at a computer screen at a stock brokerage firm in Mumbai 
A broker looks at a computer screen at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent on Monday and the rupee dropped to its lowest in a week as new growth spending announced by the government fueled investor fears about the growing fiscal deficit, sending bond yields sharply higher. REUTERS/Arko Datta (INDIA BUSINESS) 
MARKETS-INDIA
RTR25D48 
July 06, 2009 
A broker reacts at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent... 
Mumbai, India 
A broker reacts at a stock brokerage firm in Mumbai 
A broker reacts at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent on Monday and the rupee dropped to its lowest in a week as new growth spending announced by the government fueled investor fears about the growing fiscal deficit, sending bond yields sharply higher. REUTERS/Arko Datta (INDIA BUSINESS) 
MARKETS-INDIA
RTR25D47 
July 05, 2009 
A broker reacts at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent... 
Mumbai, India 
A broker reacts at a stock brokerage firm in Mumbai 
A broker reacts at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent on Monday and the rupee dropped to its lowest in a week as new growth spending announced by the government fueled investor fears about the growing fiscal deficit, sending bond yields sharply higher. REUTERS/Arko Datta (INDIA BUSINESS) 
MARKETS-INDIA
RTR25D40 
July 05, 2009 
A broker reacts at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent... 
Mumbai, India 
A broker reacts at a stock brokerage firm in Mumbai 
A broker reacts at a stock brokerage firm in Mumbai July 6, 2009. Indian shares fell more than 5 percent on Monday and the rupee dropped to its lowest in a week as new growth spending announced by the government fueled investor fears about the growing fiscal deficit, sending bond yields sharply higher. REUTERS/Arko Datta (INDIA BUSINESS) 
MARKETS-KOREA-STOCKS/
RTR22DH9 
December 08, 2008 
A currency trader works in a dealing room as a sign shows the composite price index of stocks at a bank... 
Seoul, South Korea 
A currency trader works in a dealing room as a sign shows the composite price index of stocks at a bank... 
A currency trader works in a dealing room as a sign shows the composite price index of stocks at a bank in Seoul December 8, 2008. Seoul shares extended gains to rise 7.5 percent on Monday afternoon as builders climbed on hopes of further economic stimulus measures by the government, while techs including LG Electronics rallied. South Korean banks will contribute 8 trillion won ($5.5 billion) to a 10 trillion won fund that will be formed to stabilise the local bond market, to help ease a credit squeeze at home, an industry association said on Monday. REUTERS/Lee Jae-Won (SOUTH KOREA) 
MARKETS-GLOBAL/
RTR22AH4 
December 05, 2008 
A trader holds on to a phone on the floor of the New York Stock Exchange December 5, 2008. U.S. stocks... 
New York, UNITED STATES 
A trader holds on to a phone on the floor of the New York Stock Exchange 
A trader holds on to a phone on the floor of the New York Stock Exchange December 5, 2008. U.S. stocks fell sharply on Friday in response to a grim U.S. jobs report that sent bond prices higher in Europe and pushed the price of crude down to $42 a barrel as prospects for the world's economies darkened. REUTERS/Shannon Stapleton (UNITED STATES) 
BRITAIN-DARLING/
RTXAY5E 
November 25, 2008 
Traders work on a dealing room floor at CMC Markets in the City of London November 25, 2008. Markets... 
London, United Kingdom 
Traders work on a dealing room floor at CMC Markets in the City of London 
Traders work on a dealing room floor at CMC Markets in the City of London November 25, 2008. Markets have grown increasingly concerned in recent weeks about the prospect of a deluge of bonds as the Labour government borrows more to support the economy, which is sliding into its first recession since the early 1990s. REUTERS/Toby Melville (BRITAIN) 
TAIWAN-OTC/
RTXAJGB 
November 13, 2008 
GreTai Securities Market President Wu Yui-chun gestures during a speech at the Reuters Summit in Taipei... 
Taipei, Taiwan 
GreTai Securities Market President Wu Yui-chun gestures during a speech at the Reuters Summit in Taipei... 
GreTai Securities Market President Wu Yui-chun gestures during a speech at the Reuters Summit in Taipei November 13, 2008. Taiwan's over-the-counter stock exchange is in talks with global bond broker ICAP to set up a U.S. bond trading platform, seeking to expand its scope by helping local traders cut costs, an executive said on Thursday. REUTERS/Pichi Chuang (TAIWAN) 
MARKETS-TURKEY/
RTR220M6 
September 18, 2008 
Traders work during the afternoon session on the floor of the Stock Exchange in Istanbul September 18,... 
Istanbul, Turkey 
Traders work during the afternoon session on the floor of Stock Exchange in Istanbul 
Traders work during the afternoon session on the floor of the Stock Exchange in Istanbul September 18, 2008. Turkish stocks fell to their lowest level in three years and bond yields topped 20 percent in a sharp sell-off on Thursday on a wave of risk aversion exacerbated by market closures in neighbouring Russia. REUTERS/Fatih Saribas (TURKEY) 
BRITAIN/
RTR21WU4 
September 15, 2008 
A broker trades bonds at BGC Partners in London September 15, 2008. Global markets plummeted on Monday... 
London, United Kingdom 
A broker trades bonds at BGC Partners in London 
A broker trades bonds at BGC Partners in London September 15, 2008. Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry. REUTERS/Suzanne Plunkett (BRITAIN) 
MARKETS-GLOBAL/
RTR1MWVI 
February 28, 2007 
Floor traders monitor share prices during morning trading at the Hong Kong Stock Exchange February 28,... 
Hong Kong, China 
Floor traders monitor share prices during morning trading at the Hong Kong Stock Exchange 
Floor traders monitor share prices during morning trading at the Hong Kong Stock Exchange February 28, 2007. Investors dumped Asian shares and emerging market bonds on Wednesday as a global sell-off that started in China gathered steam after Wall Street stocks shed more than 3 percent overnight. REUTERS/Bobby Yip (HONG KONG) 
GLOBAL MARKETS
RTR1IOP9 
October 25, 2006 
(L-R) Clerks Joe Lalich, Paul Ferenzi, Keith Eiland and John Bierman react in the Euro Dollar pit at... 
Chicago, UNITED STATES 
Clerks in the Chicago Euro Dollar pit at the Chicago Mercantile Exchange react to an announcement on... 
(L-R) Clerks Joe Lalich, Paul Ferenzi, Keith Eiland and John Bierman react in the Euro Dollar pit at the Chicago Mercantile Exchange after an announcement on interest rates from the U.S. Federal Reserve Bank, October 25, 2006. U.S. government bond prices climbed on Wednesday after the Federal Reserve held its fed funds rate unchanged and reiterated its warning about inflation risks as expected. REUTERS/John Gress (UNITED STATES) 
GUATEMALA-REFCO
RTR1IJFE 
October 20, 2006 
Willy Zapata (C), Guatemala's banking superintendent, Bank officials Jose Asencio (R) and Rolando Castaneda... 
Guatemala City, Guatemala 
Willy Zapata, Jose Asencio and Rolando Castaneda prepare for a press conference in Guatemala City 
Willy Zapata (C), Guatemala's banking superintendent, Bank officials Jose Asencio (R) and Rolando Castaneda attend a news conference in Guatemala City October 20, 2006. Guatemala's Monetary Board has suspended operations in Bancafe, the country's fourth largest bank and owner of $204 million of U.S. Treasury bonds held by bankrupt commodities broker Refco Inc. REUTERS/Carlos Duarte (GUATEMALA) 
GUATEMALA-REFCO
RTR1IJFC 
October 20, 2006 
Bank official Jose Asencio attends a news conference in Guatemala City October 20, 2006. Guatemala's... 
Guatemala City, Guatemala 
Bank official Jose Asencio attends a news conference in Guatemala City 
Bank official Jose Asencio attends a news conference in Guatemala City October 20, 2006. Guatemala's Monetary Board has suspended operations in Bancafe, the country's fourth largest bank and owner of $204 million of U.S. Treasury bonds held by bankrupt commodities broker Refco Inc. REUTERS/Carlos Duarte (GUATEMALA) 
GUATEMALA-REFCO
RTR1IJF5 
October 20, 2006 
Willy Zapata (L), Guatemala's banking superintendent, speaks at a news conference in Guatemala City October... 
Guatemala City, Guatemala 
Willy Zapata, Guatemala's banking superintendent, prepares for a press conference in Guatemala City 
Willy Zapata (L), Guatemala's banking superintendent, speaks at a news conference in Guatemala City October 20, 2006. Guatemala's Monetary Board has suspended operations in Bancafe, the country's fourth largest bank and owner of $204 million of U.S. Treasury bonds held by bankrupt commodities broker Refco Inc. REUTERS/Carlos Duarte (GUATEMALA) 
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