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India's benchmark 10-year bond yield hits an over 11-mth low; may fall more MUMBAI: India's benchmark 10-year bond yield dropped to its lowest level in more than 11 months on Thursday on hopes foreign investors would continue to bet on India despite some concerns about US interest rates.The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving.Although the dollar gained and US yields rose in response to the Fed's statement, local debt markets bucked the trend with a rally as traders cited signs of heavy buying by foreign institutional investors (FIIs) during the session."It appears that some foreign funds started buying bonds and it changed the mood in bonds and equities. The short covering and large FII buying resulted in a big rally," said Paresh Nayar, head of fixed income and currencies at First Rand Bank."The rally may continue and, ...

India bond yields end steady for 2nd straight day; Fed in focus MUMBAI: Indian government bond yields ended steady for a second straight session on Wednesday, ahead of the outcome of the US Federal Reserve's policy meeting, which is expected to offer fresh clues on when it plans to begin lifting interest rates.India, among other emerging markets, has benefited from the US Fed's loose monetary policies. Foreign institutional investors (FIIs) have bought a net $18.75 billion worth of debt so far this year.However, FIIs have used up ...
JGBs rebound after 20-year auction draws solid bids TOKYO: Japanese government bond prices rebounded on Wednesday after an auction of 1.2 trillion yen ($11.2 billion) 20-year JGBs drew solid bids, pulling yields back from 3-month highs. The 10-year JGB yield dropped 2.0 basis points to 0.555 percent, having reversed an earlier rise to a three month-high of 0.580 percent. The 20-year JGB auction drew bids 3.89 times the offer, above the bid-to-cover ratio of 3.62 in the previous auction last month. The strong ...
Thailand plans to sell 445bn baht of govt bonds in 2015 fiscal year BANGKOK: Thailand plans to sell 445 billion baht ($13.8 billion) of government bonds in the 2015 fiscal year, the Finance Ministry said in a statement on Wednesday. It will issue 350 billion baht of five to 50-year bonds, 40 billion baht of inflation-linked bonds and 55 billion baht of amortised bonds. The military government has planned a budget deficit of 250 billion baht for the next fiscal year starting Oct. 1.Copyright Reuters, 2014 ...
India starts to develop yield curve as trading shifts from 10-year bonds MUMBAI: Indian government bond markets are experiencing a rare sight: a yield curve driven by strong investor buying in maturities other than the traditional benchmark 10-year government bond.Driving the buying in non-10-year Indian debt is the prospects of an economic recovery and a commitment by the governor of the central bank, Raghuram Rajan, to lower inflation.But whether this trend continues will depend on the central bank - how it chooses to raise debt to fund ...
Indian bond yields end flat despite fall in WPI, CPI; Fed in focus MUMBAI: Indian government bond yields ended steady on Monday as caution prevailed ahead of the upcoming US Federal Reserve meeting, but yields were down for much of the session after a sharp decline in wholesale price inflation rate and core retail inflation data.India's wholesale price inflation eased to its lowest level in nearly five years in August, but the central bank is likely to keep interest rates on hold later this month to prevent a ...
JGBs fall, pushing yields to a 2-month high TOKYO: Japanese government bond prices fell on Thursday, sending the 10-year yields to a two-month high, as falls in global bond prices, the yen's fall and a rise in Japanese share prices pushed the market out of its months-long doldrums. Some regional banks were also said to have sold cash bonds, reducing their holdings ahead of their half-year book-closing at the end of September. The 10-year JGB futures price fell 0.23 point to 145.42 , ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
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Arrow FTSE 6,750.76 1.08
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Arrow Sensex 28,334.63 0.95






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