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JGBs edge higher, with 10 year yield at nearly 20-month low TOKYO: Japanese government bonds (JGBs) inched higher on Thursday, taking the benchmark yield down to a level not seen since the days following the Bank of Japan's announcement of its massive easing programme in April 2013. Market moves were relatively small, with investors taking cues from weak equities and stronger US Treasuries prices overnight. BoJ buying under its asset purchasing scheme also underpinned the market. The BoJ offered to buy a total of 800 billion yen of JGBs, including 400 billion yen of JGBs in the 5-year to 10-year zone, 240 billion yen of JGBs maturing in between 10 years and 25 years, and 160 billion yen of JGBs maturing in 25 years or more. The current 2-year note was untraded in the morning session, while the 5-year JGB yield was flat at 0.105 percent. The benchmark 10-year JGB yield edged down half a basis point to 0.425 percent, its ...

US yields drop on weak US data, continued low euro zone rates NEW YORK: Benchmark US Treasury yields fell to their lowest levels in over a month on Wednesday, while long-dated yields also hit fresh over one-month lows, on weaker-than-expected US economic data and continued low yields in Europe. A disappointing batch of US economic data underpinned a bid for safe-haven Treasuries. Analysts said the data supported the notion that the Federal Reserve will hike interest rates later than expected, and that the impact was pronounced given ...

Turkey's 10 year benchmark bond yield drops to lowest in 1-1/2 years ISTANBUL: Turkey's 10-year benchmark bond yield dropped to 7.97 percent, its lowest in 1-1/2 years, on lower oil prices and expectations that inflation will fall in the coming period. The Turkish lira firmed to 2.2248 against the dollar by 1140 GMT from 2.2292 late on Tuesday, while Istanbul's main share index was up 0.18 percent. Copyright Reuters, 2014

Portugal swaps 1.75bn euros in bonds for longer issues LISBON: Portugal on Wednesday swapped almost 1.75 billion euros in bonds expiring next year and in 2016 for longer maturities, postponing its medium-term debt repayments after completing an EU/IMF bailout earlier this year. Lisbon is also taking advantage of record low yields for its longer-term debt in the secondary market to effectively reduce its average financing costs, analysts said. Even though some in the market had expected Portugal to shift greater volumes of debt, especially ...

Ugandan shilling little changed but expected to strengthen KAMPALA: The Ugandan shilling was little changed on Tuesday though traders were betting on a stronger local currency in the short term, buoyed by inflows from end-of-year spending by non-governmental organisations (NGOs).At 0946 GMT commercial banks quoted the shilling at 2,745/2,755, a touch stronger than Monday's close of 2,748/2,758."NGOs close the year early so we expect significant conversions from them in the coming days," said Isaac Iga, chief dealer at Orient Bank. "Those inflows, added ...

Kenyan shilling weakens to near 3-year lows on dollar buying NAIROBI: Kenya's shilling fell to a new three-year low on Tuesday, weakened by concerns the central bank has wiped out some of its reserves and due to falling revenue from the tourism and tea sectors, while shares also retreated.At the 1300 GMT close of trade, commercial banks posted the shilling at 90.30/90.40 against the dollar, weaker than Monday's closing level of 90.05/90.25 against the dollar."People are waiting to see if the central bank will intervene ...

Euro zone bond yields hold at new lows on ECB easing prospects LONDON: Euro zone bond yields held at record lows on Tuesday with financial markets lulled by European Central Bank President Mario Draghi's vow to lift inflation from near-zero level by whatever means necessary. Spanish 10-year yields were below 2 percent, Irish yields below 1.5 percent and Portuguese yields under 3 percent. Most euro zone yields were at or near all-time lows as investors bet the ECB would expand its asset buying to include sovereign debt. ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln