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UK 10-year gilts' yield premium over Bunds hits 6-month low LONDON: The yield premium of 10-year British government bonds over German Bunds fell to a six-month low on Friday, extending recent outperformance after data showed euro zone annual inflation fell to 0.3 percent in November. Ten-year gilts' yield spread over Bunds tightened by more than 2 basis points on the day to hit 120 basis points, its lowest level since late May . Ten-year gilt yields fell to their lowest level since May 2013 at 1.901 percent and 30-year yields hit a fresh record low of 2.645 percent, both 2 basis points down on the day.Copyright Reuters, 2014 ...

Euro zone bond yields hold at lows as inflation outlook dims LONDON: Euro zone sovereign bond yields held near record lows on Friday, as falling energy prices pulled down consumer price growth across the bloc, raising the chances of more ECB stimulus. Preliminary data showed euro-wide inflation cooled to 0.3 percent in November, in line with analysts' estimates and down from 0.4 pct the previous month. Consumer inflation has not been at the ECB's target level of close to 2 percent since the start of 2013, ...
UK 30-year gilts hit record high after weak German inflation LONDON: British 30-year government bonds hit a record high on Thursday, after weak German inflation data boosted the attraction of fixed income investment and added to seasonal investment flows into long-dated gilts.Germany's annual inflation rate fell to 0.5 percent in November, its lowest in nearly five years and a development that suggests the risk of deflation in the euro zone has not yet abated.Thirty-year gilt yields fell to an all-time low of 2.686 percent at ...
Spanish inflation data pins euro zone yields at record lows LONDON: Euro zone government bond yields held around record lows on Thursday after a sharp fall in Spanish consumer prices kept markets hooked on the prospects for further monetary policy easing by the European Central Bank.Spanish EU-harmonised consumer prices fell by 0.5 percent on the year in November, data showed, compared with a consensus forecast for a 0.3 percent drop and a 0.2 percent decline a month earlier.German inflation later in the day is expected ...
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 ...


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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 $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln