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UK gilts join bond rally as US economy falters LONDON: British government bonds bounced on Thursday in a broad bond-market rally after US economic data raised fears about the health of the world's leading economy.Earlier on Thursday, Britain auctioned 2.5 billion pounds ($3.8 billion) of 2044 gilts, drawing bids totalling double the amount on offer and a 3-tick price tail, half the tail when it last sold the gilts in April.June gilt futures settled 54 ticks higher at 118.07, having bobbed around the 117.60 level in the first half of the session before the US data came out showing a sharp rise in US jobless claims, home-building starts tumbling and a gauge of underlying inflation pointing to weak demand.British debt lagged German Bunds, which were 67 ticks up on the day, a day after the Bank of England struck a rare upbeat note on the economy, driving gilts into the red.For the first time in years, the central bank ...


Nigeria sells 110bn naira in bonds, yields up LAGOS: Nigeria sold 110 billion naira ($698.86 million) worth of bonds with maturities ranging from five years to 20 years at higher yields across, apart from a note maturing in 2015, the Debt Management Office (DMO) said on Thursday.All notes are re-opening of previously issued bonds.The debt office said it sold 35 billion naira in the 20-year bond, 25 billion naira in the 7-year paper and 50 billion in the 5-year notes.The DMO sold the ...

Nigeria plans 121bn naira T-bill auction LAGOS: Nigeria plans to sell 121.33 billion naira ($771 million) worth of treasury bills with maturities ranging from three months to one year at its twice-monthly auction on May 22, the central bank said on Wednesday.The bank said it will auction 20.65 billion naira in 91-day bills, 30 billion naira in 182-day notes and 70.68 billion naira in 364-day paper, using the Dutch auction system.Yields at the last T-bill auction on May 9 fell as ...

JGBs recover ground, bargain-hunters emerge after big sell-off TOKYO: Japanese government bond prices erased earlier losses and turned positive on the day on Wednesday after their three-day sell-off prompted bargain-hunting by investors.The 10-year JGB futures price was up 0.13 point on the day at 142.24, having recovered from low of 142.36 while the yield on the current 10-year bonds fell to 0.845 percent from a one-year high of 0.920 percent.Copyright Reuters, 2013

Italian bond yields edge up before debt sale LONDON: Italian yields edged up before a bond sale on Monday, while Bund futures recovered from six-week lows after a European Central Bank policymaker reiterated a deposit rate cut was possible.Italy will offer up to 8 billion euros of fixed-rate bonds and debt linked to 6-month Euribor (CCTEUs) at its regular mid-month auction. Traders said investors sold Italian bonds early in the session to make room for the new supply.Appetite for Italian and other high-yielding ...

US 10-year notes drop as dollar gains upper hand TOKYO: US 10-year Treasuries skidded in Asian trading on Monday, pushing benchmark yields to two-month highs, as the US dollar rose to a fresh 4-1/2-year peak against the yen.The yen fell as low as 102.15 yen against the dollar, after the Group of Seven finance officials avoided censuring Japan's efforts to pull itself out of deflation, which have weakened its currency.Instead, G7 officials gave a tacit nod on Saturday to Japan's bold policies.Fixed-income market sentiment ...

JGBs dive for two straight days, futures hit 1-year low TOKYO: Japanese government bond prices dived for two straight sessions on Monday as soaring Japanese share prices prompted investors to question their long-standing confidence in low-risk but low-yielding Japanese government bonds.The benchmark futures price posted its biggest two-day decline in almost two and a half years to hit a one-year low, with the Tokyo Stock Exchange briefly suspending trading as a circuit breaker was triggered."I just don't feel like buying. It's too scary now. You ...


 



 
Index Closing Chg%
Arrow DJIA 15,354.40 0.80
Arrow Nasdaq 3,498.97 0.97
Arrow S&P 1,667.47 1.03
Arrow FTSE 6,723.06 0.53
Arrow DAX 8,398.00 0.34
Arrow CAC-40 4,001.27 0.56
Arrow Nikkei 15,138.12 0.67
Arrow H.Seng 23,082.68 0.17
Arrow Sensex 20,286.12 0.19






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln