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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. The central bank has started to buy asset-backed securities and covered bonds and is due to offer a new round of long-term loans to banks next month as it tries to encourage lending to businesses and consumers. The ECB is hoping to pump an additional trillion euros into the economy but many analysts say its current measures are unlikely to achieve that goal. The ECB meets next week for the last time this year. "The ...

Romania sells 300mn lei in April 2020 T-Bonds BUCHAREST: Romania sold a planned 300 million lei ($84.04 million) worth of April 2020 treasury bonds on Monday, with the average accepted yield at 2.93 percent, central bank data showed.Debt managers last sold the paper in July at an average yield of 3.5 percent.Since then, comfortable market liquidity and rate cuts by the central bank have helped yields hover near record lows.Earlier this month, the finance ministry sold June 2019 bonds at an average yield ...
UK gilts hit five-week high on global economy worries LONDON: British government bond prices hit their highest level in more than a month on Thursday, boosted by gloomy business surveys from the euro zone and China that sounded warning bells for the global economy.As global equities retreated sharply, the 10-year gilt troughed at 2.072 percent, its lowest level since Oct. 16.At 1505 GMT it was at 2.0 percent - down around 5 basis points on the day and on track for its biggest fall ...
German bond yields dip after PMI miss, ECB stimulus bets firm LONDON: German bond yields dipped on Thursday as disappointing business activity data fed demand for safe-haven assets and firmed up bets that the European Central Bank will adopt more stimulus measures.Markit's Composite Flash Purchasing Managers' Index for the euro zone, seen as a good growth indicator, fell to 51.4 in November, missing the lowest forecast in a Reuters poll. New orders dropped for the first time in over a year.The weak outlook prompted some investors ...
Bund yields rise amid UK, US rate hike hints LONDON: German Bund yields rose on Wednesday after Bank of England minutes and data hinting at a rebound in the U.S. housing market provided evidence that a rate hike in both the UK and the U.S. could be on the cards.Bond traders and brokers said the move was exacerbated by pressure on the Bund future which traded through a technical level, prompting some investors to automatically sell."The BoE minutes were quite hawkish and maybe they ...
Bund yields edge up after BoE hawks stick to their guns LONDON: German Bund yields edged up on Wednesday after Bank of England minutes showed two policymakers again voted for rate hikes despite a weaker economic outlook -- a hawkish stance that some in the market anticipate from the Fed as well.There had been speculation that at least one previous voter for an immediate increase in interest rates might have backed down this month due to the increasing risk that weakness in the euro zone economy ...
Bund yields steady before German ZEW survey LONDON: German bond yields held steady on Tuesday before a survey expected to show more settled German investor and analyst morale in November after it plunged to its lowest in almost two years last month.The monthly ZEW survey is forecast to have edged back into positive territory after falling below zero last month, but this is unlikely to change market bets on further European Central Bank easing.On Monday a Bundesbank survey showed business confidence among ...


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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