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Bunds rise as opinion sways away from imminent Fed exit LONDON: German Bunds rose on Friday as the latest bout of news swayed market opinion away from the idea that the Federal Reserve was likely to scale back monetary stimulus soon.Data on Thursday showed US retail sales rose more than expected in May and first-time applications for unemployment benefits fell last week. Investors will look at US data this session, including industrial output, for fresh insight.Financial markets have been choppy in recent weeks, with trade dominated by views on the timing of a possible Fed exit from ultra-loose monetary policy, making European assets particularly sensitive to US data releases.The view that a Fed monetary pull-back was not imminent was reinforced by a Wall Street Journal article saying an adjustment in the Fed's bond-buying program did not mean that the US central bank would end "all at once" or that it was "anywhere near raising short-term interest rates."German Bund futures rose ...

JGBs slip on tepid auction, yields hit 2-week high TOKYO: Japanese government bond prices slipped on Wednesday, with the 10- and 20-year yields briefly hitting two-week highs, after an auction of 300 billion yen ($3.1 billion ) long-term JGBs drew tepid demand.But bargain-hunting from investors at those high yields helped the market curb the losses, with falls in some emerging markets adding to the risk-averse mood - to the benefit of JGBs.Ten-year JGB futures fell 0.24 point to 142.33, while the yield on the ...
US bond yields at 14-month highs draw buyers NEW YORK: Treasury yields at 14-month highs lured buyers on Tuesday and the bond market ended higher.Long-dated Treasuries outperformed shorter maturities.Demand for a $32 billion three-year Treasury note auction was weak. After the sale, however, buyers entered the market, lured by lower prices and the higher yields, pushing the market into the plus column.Treasury prices fell early in the session, in line with global bonds, after the Bank of Japan held off adopting further monetary ...
Turkish Treasury in 200mn euro loan deal for rail project ISTANBUL: The Turkish Treasury said on Monday it had signed a 200 million euro ($264 million) loan deal with the European Investment Bank (EIB) in additional financing for a high-speed train project between Ankara and IstanbulCopyright Reuters, 2013 ...
China to issue 23bn yuan dim sum bonds in 2013 BEIJING: China's finance ministry plans to issue 23 billion yuan of offshore "dim sum" bonds in Hong Kong this year, it said on Sunday, the same amount as last year.The bonds will be launched in two batches 13 billion yuan to be sold on June 26 and the rest in the second half, the ministry said in a statement on its website, www.mof.gov.cn.Of the 13 billion yuan, 10 billion yuan will be sold to institutional ...
Bunds rise as markets position for weaker payrolls LONDON: German Bund futures rose on Friday as investors looking for insight into the Federal Reserve's policy outlook positioned for weaker-than-forecast US jobs data.Euro zone bonds broadly recovered from losses made on Thursday after comments by European Central Bank President Mario Draghi fuelled concerns over the future of global monetary stimulus, but bonds of more vulnerable states underperformed.Market participants said the main risk was that the data undershoots expectations. According to a Reuters survey, 170,000 ...
Prices rise slightly with focus on US payrolls NEW YORK: Prices for US Treasuries edged slightly higher on Thursday as a drop in the dollar against the yen boosted demand for US government debt, but caution ahead of the government's May payrolls data kept gains modest.Stocks slid during most of the session as the dollar sold off on worries about the upcoming jobs numbers, before reversing course and rising in late afternoon trading."We saw that big downdraft after dollar/yen plunged lower," said Kim ...

 



 
Index Closing Chg%
Arrow DJIA 15,318.23 0.91
Arrow Nasdaq 3,482.18 0.87
Arrow S&P 1,651.81 0.78
Arrow FTSE 6,374.21 0.69
Arrow DAX 8,229.51 0.17
Arrow CAC-40 3,860.55 0.08
Arrow Nikkei 13,007.28 0.20
Arrow H.Seng 21,225.88 0.01
Arrow Sensex 19,223.28 0.53






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln