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NEW YORK: US Treasuries rose on Wednesday as the prospect of a longer-term Spanish debt auction made safe-haven US Treasuries a popular investment choice. An auction of 12- and 18-month Spanish debt overnight was considered a success, but a more challenging longer-term debt sale looms. Spain will sell two- and 10-year bonds on Thursday and investors see those sales as a better test of demand for the country's debt. "The US Treasury market is looking for direction from the situation in the European periphery -- in particular at the upcoming auctions Spain," said Eric Stein, vice president and portfolio manager at Eaton Vance Investment Managers. Spain sold short-term securities earlier, noted Jason Brady, portfolio manager and managing director at Thornburg Investments, with $73 billion in assets under management, in Santa Fe, New Mexico. "But the 10-year Spanish debt sale is a much bigger deal because those maturities are outside the window of the ECB's ...

LONDON: US Treasuries stabilised in Europe on Wednesday as a successful Spanish debt auction overnight calmed some fears about Europe's debt crisis for now, though another auction looms later this week. Spanish yields extended their fall, with traders closing out short positions after an auction of 12- and 18-month bills on Tuesday met good demand from domestic banks, easing some concerns about the country's ability to finance its debt. However, investors were not completely reassured by the ...
LONDON: Spanish government bonds rallied on Wednesday, driving yields lower for a second consecutive day after a solid sale of short-term bills in the previous session curbed the negative sentiment surrounding the country. Spanish 10-year yields fell 11 bps on the day to 5.79 percent, backing further away from Monday's brief break above 6 percent, as the marginal improvement in sentiment prompted investors to close out short positions ahead of a bond auction on Thursday. Italian yields ...
TORONTO: The Bank of Canada said on Tuesday it may buy back up to C$1 billion ($1.01 billion) from as many as eight government bond issues in a cash management bond repurchase operation on April 24.   Copyright Reuters, 2012   ...
NEW YORK: US Treasuries prices retreated on Tuesday as US stock market gains and a better-than-expected bid for a Spanish short-term debt auction curbed the bid for safe-haven US government debt. US Treasuries prices rose on Monday when the euro zone crisis seemed to heat up after the yield on Spain's key 10-year debt rose to a five month high above 6 percent, a level seen as unsustainable. But on Tuesday, a good reception for a Spanish ...
LONDON: US Treasury prices fell in Europe on Tuesday as a short-term bills auction in Madrid went better than expected, cooling some of the worries that Spanish budget problems could escalate into a new round of euro zone financial stress. Spain sold a more-than-planned 3.2 billion euros ($4.2 billion) of 12- and 18-month bills, drawing good demand from domestic banks, but yields rose sharply as expected. The result triggered some profit-taking from investors that have sold Spanish ...
LONDON: The European Union is planning to bring its third long-dated benchmark of 2012 later on Tuesday, providing a test of investors' appetite for eurozone debt as the region's sovereign crisis show signs of escalating again. Lead managers Barclays, Deutsche Bank, DZ Bank and HSBC are gauging investors thoughts at mid-swaps plus mid to high 80s for the 26-year transaction. The trade will have a size of EUR1bn minimum and will price later today. The transaction comes ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln