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UK gilt prices extend rally into 2nd day after Yellen comments LONDON: British government bond prices hit their highest level in a week on Wednesday, extending a rally fuelled by Federal Reserve chair Janet Yellen's suggestion that the central bank was in no rush to raise interest rates. The 10-year gilt yield reached a low of 1.688 percent, its lowest level since last Wednesday, and at 1540 GMT was down 6 basis points on the day at 1.70 percent. Thirty-year gilt yields fell to a two-week low of 2.384 percent, also 7 basis points down on the day. Speaking on Tuesday, Yellen held back from giving a clear view on when the Fed will begin raising rates, and hinted that it might not be until at least two policy meetings have passed. "There's been a general rally in core European fixed income that's been catching up with the post-close Fed (market) moves last night," said Simon Peck, rates strategist at RBS.Gilts ...

Russian Finance Minister sells 10bn roubles of OFZ bonds, average yield 13.5pc MOSCOW: Russia's Finance Ministry sold 10 billion roubles ($160 million) of OFZ treasury bonds at auction on Wednesday at an average yield of 13.5 percent.The OFZ bonds mature in January 2020. It was the second week in a row that the Finance Ministry sold all of the bonds on offer, reflecting stronger demand.The ministry has seen better bids at its weekly bond auctions recently after being forced to cancel many auctions last year due to ...
Gilts track US Treasuries higher after Fed's Yellen speaks LONDON: British government bond prices rose strongly on Tuesday, tracking U.S. Treasuries higher after Federal Reserve Chair Janet Yellen suggested it could be months before the U.S. central bank raises interest rates.At 1633 GMT the 10-year gilt yield was down around 4 basis points on the day at 1.76 percent, wiping out Monday's rise, with much of the move following Yellen's testimony to U.S. politicians.The Fed boss said her policy-setting commmitee would start to consider ...
Ukraine bonds fall to 40 cents in dollar as sell-off grips LONDON: Russian and Ukrainian sovereign bonds sold off heavily on Monday, with the latter now trading around 40 cents in the dollar as continued fighting in eastern Ukraine raised fears for both credits.The violence, and sanctions imposed for Russia's role in it, have exacerbated economic problems caused by falling oil prices, with Moody's cutting Russia's rating to junk late on Friday.In Ukraine, the fighting is pushing the domestic economy deeper into recession and is delaying ...
Russia 5-yr CDS rise to one-week high after Moody's cut to junk LONDON: Russian debt insurance costs rose on Monday in the credit default swaps (CDS) market after Moody's became the second ratings agency to cut the country's sovereign rating to junk.Data from Market showed five-year CDS raised 31 basis points versus Friday's close to a one-week high of 524 bps.Moody's downgraded Russia's sovereign rating to Ba1 from Baa3, citing the impact from the Ukraine crisis as well as the steep fall in oil prices and the ...
Bund futures fall, Italian BTP futures rise after Greek deal LONDON: German Bund futures fell, while BTP futures rose on Monday after Greece agreed a conditional financial rescue with Europe.The deal, subject to Greece passing reform promises and reached after its new government made big concessions, eases concerns about Athens leaving the euro zone, something investors had perceived as a nagging outside risk.Bund futures fell 29 ticks to 158.53, reflecting reduced appetite for low-yielding assets perceived as safe. Italian BTP futures raised 34 ticks to ...
Greek yields fall before meeting on debt deal LONDON: Greek bond yields pushed lower on Friday on hopes euro zone finance ministers will eventually agree a deal on a loan agreement that will help Greece avoid bankruptcy. Greece sought an extension of its current loan agreement on Thursday, but it rejects any deal that would maintain previously agreed austerity measures.That has put it on a collision course with Germany. Germany said Greece's proposal was "not a substantial solution" because it did not commit ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln