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Spain sells 5 billion euros of debt at triple-bond auction MADRID: Spain sold 5 billion euros ($5.89 billion) of debt at its first bond auction of the year on Thursday, at slightly lower average yields as investors await some kind of European Central Bank bond-buying scheme in the face of falling prices.Spain's Treasury hit the top end of its target to sell between 4 billion and 5 billion euros.The Treasury sold 2.8 billion euros of the bond due Jan 31, 2020, at an average yield of 0.928 percent compared to 0.946 percent in a Dec. 4 auction. The bid-to-cover ratio, a measure of demand, was 1.5 compared to 2.7 last time.Spain also sold a bond due Oct 31, 2028, at 2.272 percent, down from 2.842 percent at its last outing on Oct. 16. The Treasury sold 1.5 billion euros of that paper, which was 1.7 times subscribed versus 1.3 times in October.The Treasury sold 638 million euros of a 4.2 ...

Bund yields bounce as euro zone data hints at ‘good’ deflation LONDON: German Bund yields bounced off record lows on Wednesday after euro zone inflation data showed sinking oil prices did not push down the cost of other goods and services, although expectations for more ECB easing remained high.Euro zone markets at large were dominated by speculation on how the inflation data might affect European Central Bank policy, but Greek 10-year yields rose above 10 percent on resurfacing fears that Athens might leave the currency union.Euro ...
Greece sells 1.625bn euros of 6-month T-bills, yield inches up ATHENS: Greece sold 1.625 billion euros ($1.93 billion) of six-month Treasury bills on Wednesday to roll over a maturing issue, the country's debt agency PDMA said in the first sale since parliament was dissolved for snap polls last month.The T-bills were priced to yield 2.30 percent, up slightly from 2.15 percent in the last sale in December.Wednesday's sale is the first since lawmakers failed to elect a president in December, triggering early elections on Jan. ...
Belgium starts marketing new June 2025 euro bond LONDON: The Kingdom of Belgium has started marketing a new June 2025 euro-denominated bond at low to mid teens over mid-swaps, according to a lead. The sovereign, rated Aa3/AA/AA, is currently taking indications of interest from investors and the transaction will be priced later today. Barclays, BNP Paribas, ING and Natixis are the lead managers on the trade. Copyright Reuters, 2014 ...
Gilts soar on economy fears as future UK rate path flattens LONDON: Long-dated gilt prices hit record highs on Tuesday as evidence of weakening economic growth prompted investors to bet on a slower pace of interest rate increases in Britain in coming years.Government bonds in major economies around the world rallied after purchasing manager surveys showed faltering growth in the euro zone and the weakest increase in activity among British services firms since May 2013.Short sterling futures soared, particularly for the 2017 and 2018 contracts which ...
Top-rated euro zone bond yields hit record lows on Greece, QE bets LONDON: Top-rated euro zone bond yields plumbed record lows on Tuesday as anxiety over Greece's future in the euro zone and concerns about the implications for global growth of slumping oil prices drove demand for assets perceived as safe.Greek anti-austerity party Syriza, leading polls ahead of a snap election on Jan. 25, has pledged to renegotiate the terms of the country's 240 billion euro international bailout.A report at the weekend said the German government believes ...
Portugal plans to issue up to 14bn euros of bonds in 2015 LISBON: Portugal plans to issue up to 14 billion euros of treasury bonds in 2015 at regular auctions and may carry out debt exchanges and buybacks through the year, the IGCP debt agency said. The IGCP said in its financing programme for 2015, released late Monday, that the country's net borrowing needs will reach 11 billion euros this year. This will be the first year since 2011 that the country carries out normal debt financing ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
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Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln