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ECB may struggle to buy enough corporate bonds LONDON: Any extension of the European Central Bank's asset-purchase scheme to include company debt risks running into a familiar problem - the ECB may not be able to buy enough of them to make a difference.A wave of enthusiasm spread over financial markets on Tuesday after Reuters reported, citing sources close to the situation, that the ECB might decide as soon as December to start buying corporate bonds to complement its covered bonds and asset-backed securities purchase programme.But those who own the bonds may not want to sell them, and bond market participants and analysts say a shortage of bonds to buy would make the scheme more symbolic than substantive. It could also highlight the ECB's difficulties in pressing ahead with more contentious plans to buy sovereign debt.Some even think the corporate bond-buying scheme, intended to revive growth and stave off deflation, could do more harm than good."Our advice - ...


Spanish, Italian yields fall as banks health check brings relief LONDON: Spanish and Italian government bond yields fell on Monday after the euro zone bank stress tests showed no major bank was in trouble, while those that failed having only a relatively small capital hole to fill.Yields remained around the day's lows after Germany's Ifo business survey came in weaker than expected, reflecting a calmer market after a raft of poor data caused one of the sharpest sell-offs in peripheral bonds two weeks ago.Only 25 ...

US bond yields rise as data soothes jitters NEW YORK: US Treasuries yields rose on Thursday to their highest levels in over a week as domestic and overseas data reduced jitters about a year-end slowdown in the global economy, paring safe-haven demand for low-risk government debt. Benchmark yields were on track to rise for a third straight session above 2.50 percent as the US Labor Department said continued jobless claims fell to 2.35 million in the week ended Oct. 11, which was the ...

Kenya 91-day Treasury bill yield falls to 8.706pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 8.706 percent at auction on Thursday from 8.715 percent a week ago, the central bank said. The bank said it received bids worth 639 million shillings ($7.16 million) for the 3 billion shillings worth of bills on offer, and accepted the entire amount. The bank said it would auction a 91-, 182- and 364-day Treasury bills worth a total of 12 billion shillings ...

Upbeat business surveys encourage investors out of Bund refuge LONDON: German government bond yields edged higher on Thursday after an unexpected uptick in euro zone business surveys staved off fears the bloc could be headed for a triple-dip recession. Markit, which publishes the survey, said the positive reading for the euro zone manufacturing sector points to an expansion in gross domestic product in the current quarter."There's been a string of bad news so this is one thing at least to give a little bit ...

Investors return to periphery debt as ECB mulls corporate bond buys LONDON: Low-rated euro zone bond yields fell on Tuesday after several sources told Reuters the ECB was considering buying corporate bonds, quelling some concerns that the central bank was not doing enough to stoke inflation and growth.The report also prompted investors to pull out of safe haven German bonds, where they had sought refuge after a series of weak growth data - the latest of which came from China on Monday - dragged on the ...

Solid US data calms euro zone bond market but more volatility seen LONDON: Euro zone bond markets looked more stable on Monday after solid US economic data eased some of the concerns over a slowdown in global growth that led to sharp sell-offs in peripheral debt last week.Yields on the euro zone's lowest-rated debt rose by 40 to over 200 basis points from lows to highs last week -- among the biggest moves seen since the peak of the debt crisis -- before retreating on Friday.Signs that ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln