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Portugal sells more T-bills than planned, 3-month yield record low LISBON: Portugal sold more than planned in a Treasury bill auction on Wednesday, with three-month borrowing costs falling to negative record lows and 11-month yields down sharply as concerns over Greece diminished after creditors approved its new bailout. The IGCP debt agency sold 1.15 billion euros ($1.27 billion) total in three- and 11-month T-bills, above its indicated offer range of up to 1 billion euros. The average yield on 11-month bills fell to 0.021 percent at the auction from 0.159 percent in the previous auction of the same maturity in June, and was close to the record low of 0.015 obtained in April.The IGCP sold 750 million euros of 11-month bills and 400 million euros of the shorter issue. The average yield on three-month bills fell to -0.013 percent from 0.044 percent in June. Demand for 11-month bills outstripped the amount placed by 2 times, and by 3.1 times for ...

Prices gain after weak NY manufacturing data NEW YORK: US Treasury prices gained on Monday after data showing manufacturing activity in New York state plunged to its weakest level in August since 2009, raising concerns the weakness may weigh on broader US economic growth indicators.The New York Fed's Empire State general business conditions index tumbled from 3.86 in July to -14.92 in August, its lowest since April 2009, due to steep drops in new orders and shipments.Economists polled by Reuters had expected ...
Benchmark yields hit two-month low on weak US data NEW YORK: US long-dated and benchmark Treasuries yields hit their lowest levels in two months on Monday after weaker-than-expected US economic data damped expectations that the Federal Reserve will hike interest rates in September. The Institute for Supply Management (ISM) said its index of national factory activity fell to 52.7 in July from 53.5 the month before. The reading was shy of expectations that the pace would remain unchanged at 53.5, according to a Reuters ...
China finance ministry to auction 22bn yuan of 1-year bills on Aug 7 SHANGHAI: China's Ministry of Finance said on Friday that it will auction 22 billion yuan ($3.54 billion) in one-year government bills on Aug. 7. After the auction, the bonds will be issued from Aug. 7-12 and begin secondary market trading on Aug. 14, it said in a statement published on the website of China's main bond clearing house. Copyright Reuters, 2015 ...
Greece to auction T-bills on August 5 ATHENS: Greece will sell 625 million euros ($684.44 million) of six-month Treasury bills on August 5 to refinance a maturing issue, its debt agency said on Friday. Cash-strapped Greece sold 813 million euros of three-month T-bills earlier this month to refinance a maturing issue, managing to keep its public finances afloat amid a bank shutdown. The settlement date of the new T-bills will be August 7. Only primary dealers will be allowed to participate and ...
German yields rise as stocks recover, Fed watched LONDON: German bond yields edged up on Tuesday as equity markets steadied and risk appetite recovered, but strategists said further rises were likely to be capped by cheapening oil prices and a US policy meeting. The euro zone's benchmark moved away from three-week lows hit on Monday when a slump in Chinese stocks saw investors rush for cover in top-rated assets, as global stock markets staged a modest recovery.Investors were encouraged by Chinese equity prices' ...
Kenyan T-bill yields to track overnight rates higher NAIROBI: The yields on Kenya's Treasury bills are expected to rise further, pushed by rising overnight interbank lending rates and the central bank's term auction deposits. The central bank has capped the weighted average yield on its 14-day, 21-day and 28-day term auction deposits - used to manage liquidity in the money markets - at 14 percent. Due to tight shilling liquidity, the average interbank lending rate shot up to 16.3769 percent on Thursday from ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln