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Indian bond yields, swaps rise; RBI gov. adds to caution MUMBAI: Indian federal bond yields and swap rates rose on Friday after the central bank governor said inflation cannot be controlled without sacrificing growth in the near-term, raising some caution ahead of the RBI policy decision next week. Still, the comments were not enough to derail expectations the Reserve Bank of India would deliver a 25 basis points cut in the repo rate after economic growth in the January-March quarter fell to a near nine-year low. However, the comments contributed in keeping investors on edge, especially as they came after data on Thursday showed inflation accelerated to 7.55 percent in May, and ahead of pivotal Greek elections this weekend. Bond yields have slumped around 15 basis points since the fiscal Q4 growth data out in late May, while the 1-year OIS swap rate has dropped 33 bps since then, as traders bet the RBI would again cut rates after already slashing the repo ...

Uganda offers three-year Treasury bond for auction  KAMPALA: Uganda's central bank on Thursday said it would offer a three-year Treasury bond worth 100 billion shillings ($40 million) for auction on June 20. The bank said in a statement the bond would have a coupon of 10.25 percent and would mature on June 18, 2015. Interest will be paid semi-annually. Uganda last sold a three-year Treasury bond on April 25. The average accepted yield at the auction was 15.46 percent, down from 21.09 percent at ...

Spanish yields hit euro-era high after rating cut  LONDON: Ten-year Spanish government bond yields hit a new euro-era high on Thursday after Moody's cut Spain's credit rating to just one notch above "junk" and ahead of an Italian debt auction which could prove tricky as the euro zone debt crisis deepens. Ten-year Spanish yields rose close to the 7 percent danger levels, rising 13 basis points to 6.91 percent, while two-year yields jumped 23 bps to 5.2 percent. Italian bonds came under pressure before a ...

German bonds gain ahead of Italian debt sale  LONDON: Safe-haven German bond prices rose and gold firmed on Wednesday after Spain's credit rating was cut to one notch above "junk" ahead of a crucial Italian bond sale, and weak US data fuelled concerns that the euro zone crisis was hitting global growth. "We are fast approaching the point where both Spain and Italy may have to be removed from the market," said Gary Jenkins, director of Swordfish Research. Despite the rating cut, the euro ticked ...

Bunds open higher after Spanish downgrade  LONDON: German government bond futures rose on Thursday after Moody's cut Spain's credit rating to just one notch above "junk" and ahead of an Italian debt auction which could prove tricky as the debt crisis deepens. Moody's slashed Spain three notches to Baa3, its lowest investment grade rating, and said it could lower the rating further within the next three months. The agency said the newly approved euro zone plan to help Spain's banks will increase ...

Indian bond yields fall on hopes for lower inflation data  MUMBAI: Indian federal bond yields fell on Thursday as traders bet the May inflation data would come in much below market expectations and raise the chances for more aggressive rates cuts by the central bank at its policy decision on June 18. At 11:42 a.m., the new 10-year bond yield was at 7.97 percent, down 7 basis points on the day, while the benchmark 10-year bond yield was down 5 bps at 8.24 percent. Traders said there ...

German Bunds extend slide before auction  LONDON: German bond prices tumbled on Wednesday, extending a steep fall seen the previous day, though traders expected them eventually to rebound with markets still fixated on Spain's elevated bond yields and Greek election risks. The pressure remains on Spain after a 100 billion euro bank rescue plan sparked wider concerns over whether Spanish government bonds would be pushed down the pecking order for repayment by the new debt, and whether Madrid could continue borrowing at ...


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln