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US Treasuries shorts at highest since late July: JPM survey NEW YORK: The share of investors who are bearish on U.S. longer-dated Treasuries and reckon their yields will rise climbed to its highest level since late July, according to a J.P. Morgan Securities survey released on Tuesday.The share of investors who said on Monday they are "short" longer-dated U.S. government debt rose to 42 percent from 36 percent the previous week.This was the largest share of investors who were "short" Treasuries since July 28, the firm said.By holding fewer longer-dated Treasuries, investors reduce the duration risk or sensitivity of their portfolios in anticipation of a rise in interest rates. A rate rise causes the prices of longer-dated bonds to fall more than the prices of shorter-dated debt, resulting in larger losses.Conversely, longer-dated Treasuries produce higher returns than short-term debt in a market rally.A steady flow of solid U.S. economic data helped push the benchmark 10-year Treasuries yield above 2.60 percent ...

Spain sells 5bn euros of short-term debt, yields rise MADRID: Spain sold 5 billion euros ($6.5 billion) of short term debt on Tuesday at higher yields than a month ago, days ahead of a vote on Scottish independence that has unsettled some buyers of debt from countries with separatist movements. Spain's wealthy Catalonia region wants to hold a referendum on Nov. 9 on separating from the rest of Spain, which government of Prime Minister Mariano Rajoy says would be illegal. The Treasury had aimed ...
Indonesia sells 10 trillion rupiah at bond auction, as targeted JAKARTA: Indonesia sold 10 trillion rupiah ($836.1 million) of conventional bonds at an auction on Tuesday, as targeted, the finance ministry's debt office said. Most yields were higher compared with previous sales in the first week of September. The 10-month T-bills had the weighted average yield of 6.61560 percent. The yields for 5-year and 10-year bonds were 8.04980 percent and 8.30677 percent, respectively, higher than 7.99000 percent and 8.21812 percent from the previous auction on ...
Prices up after sell-off on signs of softer growth NEW YORK: US Treasury debt prices rose on Monday on bargain hunting encouraged by fresh signs of spotty economic growth, which might slow the Federal Reserve's shift away from loose monetary polices.After a sell-off last week, which saw benchmark 10-year Treasury note yields rise to 2.613 percent on Friday from 2.476 percent on Sept. 5, the 10-year on Monday was up 7/32 in price to yield 2.589 percent.The 30-year bond was up 17/32 in price ...
China 3-year and 5-year local govt bonds auctioned at 4.14, 4.15pc SHANGHAI: China's finance ministry auctioned 32.6 billion yuan ($5.31 billion) of three- and five- year bonds on behalf of six local governments at yields of 4.14 and 4.15 percent, respectively, traders said on Monday.For a breakdown of which local governments issued which amount of debt.In May, the ministry announced an increase in its annual quota to issue bonds on behalf of local governments to 400 billion yuan for 2014, from 350 billion yuan in 2013.It ...
Britain plans first yuan bond outside China LONDON: Britain on Friday said it would be the first country outside China to issue yuan-denominated bonds, as London seeks to become a Western hub for trading in the Chinese currency.The UK Treasury said the government plans to issue the bond in the coming weeks, subject to market conditions, without giving an exact amount or other details."This will be the first non-Chinese issuance of sovereign RMB (yuan) debt and will be used to finance Britain's ...
UK 10-year government bond yield touches 3-week high LONDON: British 10-year gilt yields reached their highest in almost three weeks on Friday, with the campaign against Scottish independence gaining ground and US Treasury yields rising. The 10-year gilt yield climbed to 2.555 percent, its highest level since Aug. 25, when there was a change of bonds used for the 10-year benchmark and major global government bond prices slumped following US data. The 10-year gilt yield ended the session at 2.53 percent, up 3 ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln