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India 10 year bond yield hits near 17-month low; CPI watched MUMBAI: India's benchmark 10-year bond yield hit a more than 1-1/2 year low on Friday, extending a rally to a fourth week, on the back of a continued slump in global oil prices and on hopes of a sharp drop in inflation. India is due to release data at 1200 GMT showing consumer inflation in November falling to 4.5 percent, the lowest since the data was released in 2012. Easing inflation would reinforce expectations the Reserve Bank of India would cut interest rates as early as its next policy review in February. "The undertone of the policy gave a sense on the possibilities of a rate cut either in the Feb policy or maybe before the Feb policy," said Laxmi Iyer, chief investment officer, Kotak Mutual Fund. "My sense is there's a 25 bps rate cut almost priced in the current yield curve. So maybe we'll see another 5 basis ...

Yields rise as US retail sales beat expectations NEW YORK: US Treasuries weakened on Thursday and the yield curve neared its flattest in six years after data showed US consumer spending advanced at a faster pace than expected in November.Stock market gains also reduced safety buying of US debt while banks and investors prepared for an auction of $13 billion in 30-year bonds.The Commerce Department said retail sales, excluding automobiles, gasoline, building materials and food services, increased 0.6 percent last month after an ...
Bond yields dip before 10-year note auction NEW YORK: US Treasuries yields fell on Wednesday on safety buying as stocks and oil prices fell, and before a government auction of $21 billion in reopened 10-year notes, which is expected to see solid demand.Treasuries have gained this week as concerns about falling oil prices and slowing global growth added a safety bid to the debt.A hunt for higher yields also has led many investors to reach out to longer-dated Treasuries, with few alternatives ...
Bonds gain safety bid as stocks fall NEW YORK: US government bonds rallied and 30-year Treasury yields dropped to their lowest in two months on Tuesday as falling equity markets and oil prices increased demand for safe haven US debt.Oil prices fell to five-year lows, adding to worry about global economic growth, while Greek share and sovereign bond markets plunged after the government brought forward a presidential vote in a political gamble that heightened uncertainty over the country's transition out of its ...
JGBs gain on relief over smooth 30-year sale, curve flattens TOKYO: Japanese government bond prices rose on Tuesday after a smooth auction of 30-year debt swept aside investors' fears that demand for the new paper might be lacklustre. Investors were cautious ahead of Tuesday's sale of 700 billion yen ($5.8 billion) of 30-year JGBs, as yields nearing historical lows made the bonds relatively expensive. The auction results, however, belied those concerns. The bid-to-cover ratio, a gauge of demand at auctions, rose to 3.12 from 3.02 ...
Bonds gain as global growth concerns trump US strength NEW YORK: US Treasuries were slightly stronger on Monday, with benchmark 10-year yields falling from two-week highs reached overnight, as concerns about slowing global growth offset better economic momentum in the USThe curve between five-year note and 30-year bond yields flattened to six-year lows as intermediate-dated notes weakened on expectations the Federal Reserve may be closer to increasing interest rates, while investors also sought out the higher yields of long-dated debt.Yields have increased since data ...
Prices tumble on surprisingly strong US jobs data NEW YORK: US Treasuries prices dropped sharply on Friday after US employers hired more workers in November than during any month in nearly three years, boosting expectations for the Federal Reserve to raise interest rates by mid-2015. The robust report caused the yield on US 2-year Treasuries to rise nearly 9 basis points to its highest since May 2011, according to Reuters data. "This supports the view that the Federal Reserve will start hiking rates ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln