Markets News Headlines

UPDATE 1-U.S. bill sales turn ugly on debt ceiling worries

Investors on Monday shunned the latest U.S. Treasury bill supply as concerns intensified about a delay in federal debt payments if Congress failed to raise the debt ceiling before the government runs out of cash possibly in October.

EMERGING MARKETS-Brazil short-term rate future yields slip awaiting c.bank decision

Yields on short-term Brazilian interest rate futures slipped on Monday on bets that the central bank will cut rates aggressively this week despite signaling that it could slow the pace of easing. Several economists last week revised their forecasts for Brazil's benchmark Selic rate to account for a faster-than-expected drop in inflation as a slow economic recovery kept a lid on prices. JPMorgan now expects the central bank to cut