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Nigerian bond sale misses target, investors seek higher yields LAGOS: Nigeria's latest bond auction fell short of its target as low yields deterred investors worried about the naira currency's weakness and rising inflation in Africa's biggest economy. In yet another worrying sign for the government, which is already facing a funding crisis due to the decline in oil revenues, Nigeria raised 44 billion naira ($221 mln) at the bond auction on Wednesday, short of its target amount of 70 billion naira, the Debt Management Office (DMO) said on Thursday. "For them to sell more bonds, the DMO would have had to increase its stop rate (yield ceiling), which it did not want to do," one trader said. The naira has hit a series of record lows on the parallel market after the central bank three weeks ago curbed access to hard currency on the official interbank market for importers of a wide range of goods. Total subscription stood at ...

Yields fall further on Belgian treasury bills BRUSSELS: Belgium sold 2.0 billion euros ($2.20 billion) of short-term debt at an auction on Tuesday, with yields falling for both maturities auctioned. Three-month paper, the most regularly auctioned maturity, dropped to its lowest ever level of minus 0.238 percent from an earlier negative yield 0.211 percent at the last auction in late June. Twelve-month treasury bills were sold for a negative yield of 0.179 percent, down from the negative 0.166 percent in June. Investors ...
US yields rise on hopes of Greece deal, Chinese stocks NEW YORK: US Treasuries yields rose on Friday, hitting their highest levels in a week, as hopes of a Greece debt deal and a second day of recovery in Chinese stock prices pared the safehaven appeal of US government debt. Benchmark 10-year Treasuries notes were last down 16/32 in price, yielding 2.359 percent which was up nearly 6 basis points from late on Thursday. It touched a session peak of 2.374 percent earlier in Friday's ...
Prices drop as China, US stocks rally NEW YORK: US Treasury debt prices fell on Thursday as China's beaten-down stock markets rose after recent huge falls and Wall Street bounced back from sharp losses.Yields on long-term Treasuries backed away from five-week lows reached this week on worries about the Greek debt crisis and a rout in Chinese equities, which undermined investors' confidence about global economic growth.Chinese equities have slumped more than 25 percent since the middle of June, but on Thursday China's ...
German Bund yields stabilise as Greek deal still possible LONDON: German Bund yields stabilised on Wednesday as the possibility of Greece and the European Union converging towards a vital cash-for-reform deal before Sunday's deadline curbed demand for the top-rated asset. The stabilisation follows a drop of more than 10 basis points on Tuesday as inflation expectations fell due to a rout in commodity markets amid deepening Chinese stock market losses. Greece sold 1.625 billion euros of six-month T-bills to refinance a 2.0 billion euros ...
Russian FinMin sells 10bn roubles of 2020 OFZ bonds, avg yield 11.24pc MOSCOW: Russia's Finance Ministry sold 10 billion roubles ($175 million) of OFZ government bonds at auction on Wednesday at an average yield of 11.24 percent, Reuters data showed. It sold all of the floating-coupon OFZs maturing in January 2020 on offer. Later in the day, the ministry will auction 5 billion roubles of fixed-coupon OFZs maturing in May 2019. Copyright Reuters, 2015 ...
Thirty-year gilt auction draws strongest demand since Oct 2014 LONDON: British government bond prices jumped on Tuesday after a sale of 1.75 billion pounds ($2.71 billion) of 30-year gilts attracted the strongest demand for a conventional bond auction since October. The UK Debt Management Office said investors bid for 1.89 times the amount of the gilt on offer, the strongest demand for any non-inflation linked British government bond since a sale of the same gilt on Oct. 7, 2014. September gilt futures extended gains ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
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