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China's Beijing city government sells 5-, 7- and 10-year municipal bonds SHANGHAI: China's Beijing city government auctioned a total of 10.5 billion yuan ($1.71 billion) of five-, seven- and 10-year bonds at yields of 4.00, 4.18 and 4.24 percent, respectively, traders said on Thursday. It is the eighth time this year that a Chinese local government has issued bonds directly, without Finance Ministry acting as a proxy. China announced in May that it would allow local governments to issue US-style municipal bonds for the first time in an experiment to straighten out its messy state budget, and start the clean-up of its massive local government debt problem. The Ministry of Finance granted 10 local governments a combined quota of 109.2 billion yuan to issue such bonds this year. A slowdown in the world's second-largest economy has added greater stress on state-own firms with large debts to repay. A senior finance ministry official had said earlier this month that the pressure on ...

Fed divided over improvement of US jobs market: minutes WASHINGTON: Federal Reserve policymakers were sharply divided in their last meeting over how much the US jobs market has improved, a key factor in deciding how soon they should tighten policy.Some participants in the July 29-30 meeting felt the sharp fall in the unemployment rate was a good indicator of the improving situation. But others said the high numbers of long-term unemployed and part-time workers represented continued weakness, according to minutes of that meeting released ...
US yields up on robust housing data NEW YORK: US Treasury yields rose on Tuesday after stronger-than-expected housing data but a modest increase in consumer inflation data for July, pushing the levels up from last week's 14 month lows."Inflation data is neither here nor there, but the housing data is a little bit more bearish for Treasuries. I think we'll be relatively rangebound," said Thomas Simons, money market economist at Jefferies LLC in New York.U.S. housing starts rebounded strongly in July, pointing ...
Prices fall on US housing data, waning geopolitical tensions NEW YORK: US Treasury debt prices fell on Monday after three days of gains, as risk appetite returned following upbeat US housing data and easing tensions in the Middle East and Ukraine, two global sore spots.Losses in the UK government bond market also weighed on Treasuries, analysts said, with the two sectors displaying a strong correlation. Reuters data showed US and U.K. 10-year yields have a 94 percent correlation on a 25-day rolling basis.Britain's 10-year ...
US yields trim fall on July industrial output data NEW YORK: US Treasuries yields pared their earlier decline early Friday after stronger-than-expected data on US industrial output in July mitigated an earlier disappointing report on New York state business activity in August from the New York Federal Reserve. The Federal Reserve Board reported industrial output grew 0.4 percent last month, above the 0.3 percent increase forecast by analysts polled by Reuters. Manufacturing production jumped 1.0 percent in July, much stronger than the 0.4 percent ...
Hungarian T-bill yield plunge temporary BUDAPEST: Hungarian Treasury bill yields could rise from record low levels as their recent plunge was probably caused by the temporary impact of a change in the central bank's money market tools, a central bank director was quoted as saying on Friday.As of Aug. 1, the central bank opened a new two-week deposit facility for local banks instead using the two-week bills which were its main market liquidity management tool previously.The yields set at Hungary's ...
Spanish public debt tops one trillion euros MADRID: Spain's public debt has topped one trillion euros ($1.3 trillion) for the first time, the central bank announced Thursday, despite years of government-imposed austerity.The nation's accumulated public debt mushroomed to 1.007 trillion euros at the end of June from 996 billion euros a month earlier, the Bank of Spain said in a report. Prime Minister Mariano Rajoy's government has struggled to contain annual deficits by raising taxes, freezing public salaries and curbing spending on ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln