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Prospect of dual ECB deposit charges sends short-term rates to new lows LONDON: Short-term euro zone interest rates fell to record lows on Thursday as markets interpreted a European Central Bank debate about two-tier deposit rates as signalling an aggressive cut was on the cards.Overnight bank-to-bank Eonia lending rates dated for the ECB's Dec. 3 meeting fell below minus 0.28 percent, reflecting expectations the bank could cut the deposit rate to as low as minus 0.35 percent, from the current minus 0.20 percent.But the Eonia pricing could also imply the market expects a two-tier deposit rate of minus 0.20 percent and minus 0.50 percent, some analysts say.Euro zone central bank officials told Reuters the ECB was considering a split-level deposit rate based on the amount of cash banks deposit with the ECB.Such a measure would reduce the impact of negative deposit rates on the banking system, particularly on banks in Germany and France, which keep more cash with the ECB.The debate suggests ...

China completes offshore yuan bond sale to institutional investors HONG KONG: China completed its sale of 12 billion yuan ($1.57 billion) in dim sum bonds in Hong Kong to institutional investors and central banks on Thursday, the seventh year the Ministry of Finance (MOF) has tapped the market to bolster its development.Four tenors were available, including a 5 billion yuan three-year tranche, a 3 billion yuan five-year tranche and 1 billion yuan each of a 10-year and 20-year tranche.The bonds were priced at 3.29 ...

Swiss 10-year government bond yields touch record low ZURICH: Swiss 10-year government bond yields touched a record low of -0.375 percent on Wednesday as expectations grew that central banks will ease monetary policy further. Traders said the European Central Bank was widely tipped to act at a meeting next week. Swiss National Bank Chairman Thomas Jordan also told a newspaper that the SNB had no limit on increasing its balance sheet as it tries to weaken the franc. Copyright Reuters, 2015

German short-term yields hit record low as ECB mulls deposit rate tweaks LONDON: German two- and five-year government bond yields hit new lows on Wednesday after a report that European Central Bank officials are considering options to stagger charges on banks hoarding cash or to buy more debt ahead of next week's ECB meeting. The central bank is widely expected to cut its deposit rate on Dec. 3 and possibly expand its asset-purchase programme to lift inflation and growth in the euro area. ECB officials are considering ...

German yields fall as ECB discusses deposit rate tweaks LONDON: German 10-year Bund yields fell back below 0.50 percent on Wednesday after a report that ECB officials are considering options to stagger charges on banks hoarding cash or to buy more debt ahead of the next week's ECB meeting.The European Central Bank is widely expected to cut its deposit rate on Dec. 3 and possibly expand its asset-purchase programme.Central bank officials are considering options such as introducing a two-tier penalty charge on banks that ...

Portugal borrowing costs largely shrug off leftist government LISBON: Portugal's 10-year borrowing costs edged marginally higher in an auction on Wednesday from the previous sale last month after Tuesday's appointment of Socialist Antonio Costa as prime minister who will have to rely on support from the far left.As in the previous sales and in the secondary market, investors prefer to focus on the European Central Bank's bond-buying programme encompassing Portuguese debt."The issue has been well received. There is overriding support for Portuguese bonds ...

JGBs firm after solid demand at 20-year sale TOKYO: Japanese government bonds firmed on Wednesday, bolstered by solid demand at a 20-year auction.The yield on the benchmark 10-year cash JGB edged down 1 basis point to 0.305 percent, while the 10-year JGB futures price added 0.16 point to end at 148.53 The yield on 20-year JGBs fell two basis points to 1.065 percent.Japan's Ministry of Finance offered 1.1 trillion yen ($9 billion) of 20-year JGBs, reopening the current issue with a coupon of ...


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 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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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