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US yields dip on disinflation signs, month-end buying NEW YORK: Long-dated US Treasury yields hit their lowest level in over a month for a third straight session and benchmark yields also touched more than one-month lows on Friday, pushed down by signs of disinflation and month-end buying. Brent crude touched a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the OPEC oil cartel to cut production to stem a slide in global prices.Analysts said the move lower was another sign of disinflation underpinning a bid for US Treasuries. "Global disinflationary factors continue to dominate market moves," said Shyam Rajan, US rates strategist at Bank of America Merrill Lynch in New York. Yields on 30-year bonds hit 2.908 percent, their lowest level since Oct. 16, while benchmark 10-year yields hit 2.199 percent, their lowest level since Oct. 22.US Treasury yields were set for their second straight monthly decline. In addition, annual inflation in ...


Barclays' banking and mortgage complaints rise in third quarter LONDON: British bank Barclays said it had seen an increase in complaints relating to its banking services and mortgages in the third quarter of the year, although complaints about the mis-selling of loan insurance declined. Barclays, which has 48 million customers, said total complaints fell by 7 percent to 151,000, compared with the same period a year ago.That included a 21 percent fall in complaints about insurance to 91,300, the vast majority of which related ...

JGBs capped by Nikkei gains, 2-year yield slips below zero TOKYO: Yields on Japanese two-year government bonds fell below zero for the first time on Friday as the central bank continued to struggle to reflate the economy, while most other issues were steady, with gains in Tokyo stocks capping longer-dated maturities. Japan's three-month to one-year bill yields have already dropped below zero under the Bank of Japan's extensive monetary easing scheme, under which it has tightened supply by buying large amounts of short-term bills. The ...

BoJ says will cut short-term December bond-buying to improve supply TOKYO: The Bank of Japan said on Friday it will scale back buying of short-term Japanese government bonds at its first debt purchasing operation in December as a supply shortage resulting from its monetary expansion drive takes hold. The BoJ said it will buy 450 billion yen ($3.81 billion) of one-year to three-year JGBs at its first operation in December, down from the 550 billion yen it purchased at its last operation in November. Similarly, ...

Turkey's 2-year benchmark bond yield falls to lowest since July 2013 ISTANBUL: Turkey's 2-year benchmark bond yield dropped to 7.49 percent, its lowest since July 2013, on Friday as a slump in oil prices raised hopes of lower inflation and interest rate cuts in the import-dependent country. The Turkish lira firmed to 2.2106 against the dollar by 0915 GMT from 2.2160 late on Thursday, while Istanbul's main share index was up 0.99 percent. Copyright Reuters, 2014

Romania plans to sell debt worth 3.3bn lei in December BUCHAREST: Romania aims to sell 3.3 billion lei ($929 million) worth of leu-denominated treasury bills and bonds in December against 3.7 billion lei sold this month, the finance ministry said on Friday. So far this year, Romania has sold roughly 38 billion lei and 930 million euros at domestic debt tenders, and has tapped foreign markets three times. Copyright Reuters, 2014

ECB says banks to return 5.864 billion euros in crisis loans FRANKFURT: Banks will return 5.864 billion euros (7.30 billion US dollar) in crisis loans to the European Central Bank next week after it started offering them new four-year loans at cheap rates. The Dec. 3 repayment is less than the 8.5 billion euros banks repaid this week but more than the 4.5 billion euros money market traders polled by Reuters had expected. Banks are returning funds they took from the ECB in late 2011 and ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln