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NEW YORK: US government debt prices rose modestly on Tuesday as renewed worries about Europe's debt crisis and the struggling US economic recovery bolstered expectations the Federal Reserve will undertake another massive round of monetary stimulus. Gains were limited however, with some reluctance to push prices significantly higher going into this week's sales of $66 billion of US government debt. Adding to Friday's weak US employment report were growth concerns in the euro zone, with Spain taking center stage in the region's debt crisis. As European markets reopened after the Easter break, German Bund yields hit their lowest level since September and Italian and Spanish bond yields continued their march higher after sentiment towards the two countries soured following a weak Spanish bond sale last week. "The bad news on employment brought about more doubt about the global recovery and how vulnerable we are to the double-dip (recession)," said William Larkin, fixed income portfolio ...

LONDON: US Treasury yields were broadly steady on Tuesday as the prospect of supply this week offset a boost in demand for Treasuries from weaker-than-expected jobs data. US 10-year government bond yields were flat at 2.05 percent and 30-year yields were little changed at 3.20 percent with the US Treasury scheduled to sell 10-year notes on Wednesday and 30-year paper on Thursday. "You have got supply, so if anything that supply is going to weigh on the ...
NEW YORK: Disappointing US job growth reported last Friday favored safe-haven assets and supported short-term rates futures contracts on Monday as another round of large-scale bond purchases to support the US economy looked more likely. On Friday, government data showed US payrolls grew by 120,000 jobs last month, fewer than the 203,000 new jobs predicted by economists. The jobless rate fell to a three-year low of 8.2 percent, largely because discouraged workers stopped looking for jobs. The ...
NEW YORK: US Treasury debt prices rose on Monday, driving long yields to a four-week low, after a disappointing US payrolls report reignited economic concerns and raised bets on extra easing measures by the Federal Reserve. Major US stock indexes lost nearly one percentage point, the S&P 500 briefly reaching its lowest point in more than three weeks, as investors sought protection in the Treasuries market. Volumes were low, however, as markets in Europe remained closed ...
NEW YORK: US Treasury debt prices rose on Monday, with most gains appearing in the longer maturities on the yield curve, reflecting expectations that last Friday's disappointing US payrolls report had increased the chances of a third round of monetary easing measures by the Federal Reserve. The major stock indexes were each trading around 1 percent lower, another booster for Treasury prices. But trading volumes were light, as markets in Europe and Britain remained closed for the ...
KUALA LUMPUR: Malaysian lender Hong Leong Bank Bhd obtained regulatory approval for its proposed issuance of up to $1.5 billion worth of bonds to fund working capital needs. The country's fourth-largest bank by assets said on Monday the fund raising would will come in the form of a euro-denominated medium-term note programme. "The net proceeds from the programme will be utilised for general working capital and other corporate purposes," the bank said in a stock exchange filing. Citigroup ...
TOKYO: US Treasuries were steady in Asia on Monday after falling in the previous session, with market participants focused on the implications of disappointing US employment data and whether the US Federal Reserve needs to take more monetary steps to stimulate the economy. Investors will be watching a speech by Federal Reserve Chairman Ben Bernanke later in the day for any signals on whether the US central bank will offer any further monetary stimulus or reiterate ...


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