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US bonds drop in Asia but supported by Portugal woes TOKYO: US Treasuries edged down in Asia but are seen as well-supported by mounting fears Portugal could follow Greece into debt restructuring, with the yield on five-year notes stuck near its lowest level in at least six decades. The market was also underpinned after the Federal Reserve signalled last week that it would keep rates exceptionally low for another three years, with medium-term notes such as five-year paper the main beneficiaries. The yield on 10-year T-notes stood at 1.86 percent, slightly off 1.85 percent in late US trade on Monday and a six-week low of 1.814 percent hit that day. Five-year notes traded at a yield of 0.75 percent, near Monday's low of 0.7170 percent, the lowest level since at least the 1960s, as investors snatched up the maturity following the Fed's policy meeting last week. The yield has fallen about 20 basis points since then. The latest catalyst for the rally in the ...

JGBs mixed, 10-year bonds soft as investors wary of auction TOKYO: Japanese government bond prices were mixed on Tuesday, failing to track gains in US Treasuries the previous day as market players turned cautious ahead of a 10-year JGB auction later in the week. Ten-year debt came under slight pressure ahead of Thursday's 2.2 trillion yen ($29 billion) offering in the maturity, with most market players regarding a 0.95 percent 10-year yield as major resistance that is unlikely to be broken before the sale. The 10-year yield ...
Yields hit year-low as Europe fears intensify NEW YORK: US Treasuries yields fell to their lowest levels this year on Monday on a renewed bid for safety assets as Greece remained in negotiations over its debt restructuring and as fears intensified that problems would extend to larger countries including Portugal. Benchmark 10-year Treasuries yields fell to 1.84 percent, their lowest levels since Dec. 20, 2011 and down from 1.89 percent late Friday. Portugal's debt protection costs hit new records and credit default swaps for ...
Rally in Europe on Greek deal nerves LONDON: US government bonds rallied in Europe on Monday, with investors nervous about the absence of a Greek debt swap deal looking for safe instruments to park their cash. A Fitch downgrade late on Friday of several euro zone states including Italy and Spain and an escalation of bets that Portugal will eventually have to restructure its debt also weighed on assets perceived as risky. T-note futures were last 10/32 higher on the day at 132-01/32, with ...
MUFG names Hirano head of core banking unit        TOKYO: Mitsubishi UFJ Financial Group on Monday named its deputy president, Nobuyuki Hirano, as head of its core banking unit, a move that is likely to accelerate its push overseas and one that presages Hirano's expected ascent to lead the entire company. Hirano has been a key player in many strategic moves for Japan's biggest bank, including its alliance with Morgan Stanley. Hirano will become president of Bank of Tokyo-Mitsubishi UFJ (BTMU) on April 1, taking over ...
JGBs tick up after US GDP but wary ahead of auction           TOKYO: Japanese government bond prices edged up on Monday, supported by softer-than-expected US growth data and the Fed's pledge to keep rates near zero until 2014, though wariness about an upcoming debt auction kept buying in check. The 10-year JGB yield dipped 0.5 basis point to 0.960 percent, inching closer to a 14-month low of 0.935 percent hit two weeks ago. JGBs tracked gains in US Treasuries on Friday, when data showed US economy grew an annualised ...
MAF plans to issue 5-yr Islamic bond: UAE DUBAI: Dubai Majid Al Futtaim plans to issue a five-year dollar-denominated Islamic bond, or sukuk, with early profit rate indications at no more than 6 percent, a source with knowledge of the deal said on Sunday. MAF is holding investor meetings in the United Arab Emirates on Sunday, followed by London and Kuala Lumpur on Monday. The mall developer, which is the sole franchise for Carrefour in the Gulf, has picked Abu Dhabi Islamic Bank, Dubai Islamic ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln