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China money rates slip after PBOC lowers official yield SHANGHAI: China's money rates fell slightly on Tuesday after the central bank lowered the yield at its bond repurchase agreement auctions the second time since July, as part of an effort to lower real funding costs in support of a slowing economy, traders said. The People's Bank of China (PBOC) on Tuesday lowered the yield of the 14-day bond repurchase agreements during open market operations to 3.4 percent, down from 3.5 percent in its previous operations last Thursday. In the money markets, the weighted average of the benchmark seven-day repo rate dropped 6 basis points to 3 percent by late morning. The average of shortest one-day repo rate slipped 1 basis point to 2.53 percent, while the 14-day repo rate fell 3 basis points to 3.29 percent. Traded rates have remained lower than official rates this year because liquidity conditions in the open markets remain accomodative, traders say, but even ...

Bond yields edge lower on persisting global growth concerns NEW YORK: US long-dated Treasuries yields edged lower on Friday on persisting concerns over global economic growth, while short-dated yields were stable on short-covering after this week's dovish Federal Reserve meeting minutes. Weak German economic data and the International Monetary Fund's third cut to its global growth forecasts this year have ignited fears about the health of overseas economies this week, and fueled some safe-haven bids for US 30-year Treasury bonds Friday. "The price action ...
German Bund yields resume fall as concern over growth returns LONDON: Bund yields fell towards new lows on Friday, after poor industrial data from Italy and a report saying Germany will cut its economic forecast. The prospect of economic slowdown has dominated the euro zone bond market for much of the week, beginning with weaker- than-expected German industry data and continuing with the International Monetary Fund's lowering its economic forecasts. Yields on German, French, Spanish, Austrian and Belgian bonds all reached record lows on Thursday ...
JGBs draw foreign demand amid shrinking yield differentials TOKYO: Foreign investors have poured into Japanese government bonds as the yield differential between Japanese and euro zone government debt shrinks and the yen continues to perform well against some currencies other than the US dollar. Data from Japan's Ministry of Finance show that foreign investors were net buyers of long-term Japanese bonds for 12 straight weeks until the third week of September, the longest such streak since the ministry began compiling the data in ...
Sri Lanka treasury secretary says appreciation of rupee is unavoidable COLOMBO: Appreciation of Sri Lanka's rupee is unavoidable due to higher export earnings and inflows from services, the island nation's Treasury Secretary P.B. Jayasundera said on Thursday. "Appreciation of the exchange rate is unavoidable," Jayasundera told a capital market conference in Colombo adding that a 12-16 percent growth in exports and inflows including an annual revenue of $2 billion from tourism. The rupee, which is largely under upward pressure has been broadly steady since February ...
Greece sells 1.138bn euros of 6 month T-bills, yield steady ATHENS: Greece sold 1.138 billion euros ($1.44 billion) of six-month treasury bills on Wednesday to roll over a maturing issue, the country's debt agency PDMA said. The T-bills were priced to yield 2.0 percent, unchanged from a previous sale in September. The sale's bid-cover ratio was 2.67, up from 2.5 in the previous sale. The settlement date for Wednesday's auction will be October 10. The amount raised included 262.5 million euros in non-competitive bids. Athens ...
Long-dated gilts hit 2-year high as IMF view sends investors into safe-havens LONDON: British 30-year gilt prices rose to their highest level in more than two years on Wednesday as investors carried on pouring money into safe-haven assets after a downbeat global economic outlook from the International Monetary Fund. British government bond prices rose across the range of maturities as riskier assets such as equities fell around the world, with the longest-dated bonds performing most strongly. The 30-year gilt yield fell to 2.907 percent, its lowest level ...


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln