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JGBs steady to firmer as tax plan approval awaited  TOKYO: Japanese government bonds were steady to firmer on Tuesday, supported by continuing concern about Europe's debt crisis as investors expected an uneventful sale of two-year notes and the passage of a plan to increase Japan's sales tax. Market scepticism that a summit of European leaders in Brussels on Thursday and Friday will resolve that region's debt woes lifted prices of US Treasuries overnight, which underpinned demand for JGBs. Japan's parliament is expected to approve on Tuesday a plan to double the sales tax to 10 percent over three years, marking a first step in cleaning up the country's balance sheet. The Japanese government on Monday began considering compiling a supplementary budget for the current fiscal year, possibly in autumn, to stimulate the economy, Kyodo news agency reported, citing government sources. "The sales tax bill's passage is expected, so it can't be said to be a strong positive factor for the market, but it ...

US debt steady in Asia ahead of supply this week  TOKYO: US Treasuries prices were steady in Asia on Tuesday ahead of further supply this week, with the market expected to remain supported as investors remained sceptical about Europe's ability to resolve its debt crisis. The Treasury Department will offer $35 billion in two-year notes on Tuesday. It will follow that with $35 billion in five-year notes on Wednesday and $29 billion in seven-year notes on Thursday. "With the focus on Europe's problems, the extra supply is expected ...
Edge up in Asia as Europe worries persist  TOKYO: US Treasuries prices edged up in Asia on Monday on safe-haven buying as investor risk appetite waned in the face of continuing fears about Europe's debt crisis, but gains were limited ahead of this week's new supply and expectations of quarter-end portfolio adjustments. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, as markets remained unconvinced that a European Union summit on Thursday and Friday this week will make any substantial progress towards ...
JGBs steady, but yields could rise this week  TOKYO: Japanese government bonds were steady on Monday, but could come under selling pressure this week as investors lock in profits at the end of the April-June quarter. The 10-year JGB futures contract for September ended morning trade nearly flat, down 0.01 point at 143.70 in thin volume. The contract dipped below its 14-day moving average of 143.65 at one point to a session low of 143.61. The 10-year JGB yield was flat at 0.825 percent. "The 10-year ...
Ashok Leyland to raise three billion rupees in bonds MUMBAI: India's Ashok Leyland plans to raise 3 billion rupees ($53.50 million) via dual tranche bonds, a source with direct knowledge of the deal said on Friday. The country's second-biggest bus and truck maker will borrow through 3-year bonds at 10.10 percent and 5-year bonds at 10.20 percent, said the source.  Standard Chartered Bank is the arranger of the deal, said the source. Copyright Reuters, 2012 ...
US Fed balance sheet rose in latest week  NEW YORK: US Federal Reserve's balance sheet expanded in the latest week, Fed data released on Thursday showed. The Fed's balance sheet - a broad gauge of its lending to the financial system - stood at $2.854 trillion on June 20, up slightly from $2.852 trillion on June 13. The Fed's holdings of Treasuries totaled $1.664 trillion as of Wednesday, June 20, versus $1.660 trillion the previous week. The Fed's overnight direct loans to credit-worthy banks via its ...
Bunds extend rise, hit session high after US data  LONDON: German Bund futures rose to a session high after slightly worse than expected U.S jobs and manufacturing data added to worries about the health of the world's largest economy and supported flows into low risk assets. Bund futures climbed to 141.17, up 68 ticks on the day, extending a steady creep higher after the US jobless claims and Market purchasing managers' index data lifted demand. Copyright Reuters, 2012 ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln