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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 ...

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 ...
JGBs edge down, longer maturities underperform TOKYO: Japanese government bonds slipped on Thursday, particularly in the superlong zone, though losses were limited by a selloff in equities.At the front end, yields in discount bills turned positive, showing that supply conditions have improved following the Bank of Japan's latest quantitative easing. Yields on bills had turned negative in recent weeks, as the BOJ's large bill purchases had sucked up liquidity and tightened the supply of paper available to the market.The yield on ...
China's yuan flat despite a two-month low midpoint HONG KONG: China's yuan was flat against the dollar on Thursday, though the central bank weakened the official midpoint to the lowest level in two months.Spot yuan traded at 6.1149 per dollar near midday, almost no change from the previous day's close at 6.1146. It changed hands between 6.1146 and 6.1161 in morning trade.The People's Bank of China (PBOC) set the midpoint at 6.1565, down 0.1 percent from Wednesday's 6.1503. It's the weakest level since ...
JGBs take breather after BoJ-led rally, focus on 10-year sale TOKYO: Japanese government bond prices slipped on Wednesday as investors booked gains after a Bank of Japan-inspired rally. December 10-year JGB futures slipped 0.03 point to 146.67. The 20-year JGB yield rose 1.5 basis points to 1.205 percent. The yield had plunged 12 basis points over the past two sessions after the BOJ wrong-footed markets on Friday with a surprise decision to expand its monetary easing programme. "Investors like pension funds seem to be taking ...
China fin min to auction 28bn yuan 7-year bonds on Nov.14 SHANGHAI: China's Ministry of Finance said on Monday that it would reopen a previous issue of seven-year bonds, auctioning an additional 28 billion yuan ($4.58 billion) on Nov.14. The bonds will be issued from Nov 14-20 and will begin secondary market trading on Nov. 20, the ministry said in a statement published on its website.Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

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