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JGBs boosted as Nikkei slides on unexpected Japan recession TOKYO: Japanese government bond prices rose across the board on Monday after news Japan had unexpectedly slipped into recession, hammering Tokyo stocks. The benchmark 10-year JGB yield fell 1.5 basis points to 0.460 percent and the 20-year yield dropped 3.5 basis points to 1.215 percent as prices rose. The 10-year yield had risen to as high as 0.535 percent the previous week when market speculation mounted that Japanese Prime Minister Shinzo Abe would delay a sales tax hike, a measure seen as harmful to fiscal discipline, and call a snap election in December - possibly paving the way for a second round of reflationary steps. Abe's decision was seen hinging on what were widely expected to be soft third quarter GDP figures. But the actual data published on Monday proved far worse than expected, showing the economy had contracted an annualised 1.6 percent in July-September against expectations of a 2.1 ...

South Africa's bonds, rand end week firmer JOHANNESBURG: Yields on South African government bonds dropped to two-week lows on Friday, reflecting an upbeat mood in emerging markets as a falling oil price improves prospects for benign inflation. The South African Reserve Bank is due decide on interest rates next week and dealers say the combination of moderating inflation domestically, a relatively stable rand and the lower price of Brent crude should see the central bank stay put on interest rates. The yield ...

Euro zone yields dip as ECB QE bets stay intact despite GDP uptick LONDON: Euro zone bond yields fell on Friday after data showed modest and patchy third quarter growth in the currency bloc, keeping intact bets for more easing from the European Central Bank. A preliminary estimate by the European Union's statistics office showed the euro zone economy expanded 0.2 percent quarter-on-quarter after Germany dodged recession and France beat market expectations. Growth remained uneven in the 18-nation bloc. Italy -- the biggest economy on its periphery -- ...

India 10-year bond posts biggest single-day fall in 3 months on profit-taking MUMBAI: India's benchmark 10-year bond posted its biggest single-day fall in three months on profit-taking after the retail consumer inflation data and the industrial production data were largely in line with market expectations.Traders said sentiment was also affected due to recent hawkish statement from several central bank officials on inflation, since this made early rate cuts from the central bank, far less likely.Two deputy governors and one executive director at the Reserve Bank of India ...

Indian bonds fall ahead of retail inflation data, bank strike MUMBAI: Indian bonds fell on Tuesday as caution prevailed a day before retail inflation data, while traders at state-run banks also squared off positions ahead of a nationwide strike impacting the sector.Consumer inflation is expected to slow to a record low in October to 5.80 percent, dragged by sharp drops in food and oil prices, a Reuters poll showed. Easing inflation would intensify calls for the Reserve Bank of India (RBI) to cut interest rates ...

Spanish yields fall as market shrugs off Catalonia's symbolic vote LONDON: Spanish bond yields dipped on Monday as investors shrugged off a symbolic vote on independence in the country's wealthy Catalonia region.Market sentiment in the rest of Europe was also broadly positive on Monday on bets that flash euro zone data this week would support the case for the European Central Bank to expand its asset purchases to government bonds.Millions of Catalans voted in Sunday's ballot, which supporters hope will propel the issue further despite ...

Portugal to issue up to 1bn euros bonds Nov. 12 LISBON: Portugal's IGCP debt agency said on Friday it will issue between 750 million euros and 1 billion euros in bonds due Feb. 2024 at an auction on Nov. 12. The bonds have a coupon of 5.65 percent and settlement will be on Nov. 14. Portugal has easily recovered bond market access since it exited its bailout in May and its yields are currently trading near all-time lows thanks to the European Central Bank's expansive ...


Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
Arrow S&P 2,067.56 0.25
Arrow FTSE 6,722.62 0.01
Arrow DAX 9,980.85 0.06
Arrow CAC-40 4,390.18 0.18
Arrow Nikkei 17,459.85 1.23
Arrow H.Seng 23,987.45 0.07
Arrow Sensex 28,693.99 0.90

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln