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German bond yields dip amid growth fears, equity weakness LONDON: German bond yields dipped towards record lows on Wednesday as concerns over global growth spurred demand for safe-haven debt.The euro zone's largest economy was at the centre of jitters about the region after poor industrial data this week and warnings from the IMF about a slower-than-expected recovery in domestic demand.The German data has overshadowed worries that the United States will start to raise interest rates soon, which would push German bond yields higher, and has prompted investors to switch out of risky investments. On Wednesday, it sent European stocks to a 1-1/2 month low, in favour of top-rated bonds."There are a lot of worries about the macro picture, especially in the euro zone, and that is benefiting the bond market," said Jean-Francois Robin, head of strategy at Natixis."We are back to a traditional correlation when the equity market is going down, the bond market is going up."German 10-year yields ...

Portugal sells 1 bln euros in 2020 bonds LISBON: Portugal sold 1 billion euros of bonds due 2020 on Wednesday at the lowest yield ever of that maturity, the IGCP debt agency said. The amount issued was at the top of the IGCP's indicative amount of 750 million euros to 1 billion euros. The IGCP placed the bond at an average yield of 1.8171 percent. Portugal hasn't issued a similar dated maturity recently but its five-year bonds currently trade around 1.7 percent.The bid-to-cover ...
German bond yields inch up during nervous wait for US payrolls LONDON: German bond yields edged higher on Friday as investors bet that an expected rebound in US employment in September will hasten monetary tightening in the world's biggest economy.With little immediate prospect of a European Central Bank government bond-buying scheme, European strategists believe a strong US non-farm payrolls figure for September, due at 1230 GMT, will send yields up further. "It all depends on the US payroll number, where we see some risk on the ...
Spanish yields dip after court suspends Catalonia referendum LONDON: Spanish government bond yields edged lower on Tuesday after the country's constitutional court suspended an independence referendum called by one of its richest regions.Catalonia President Artur Mas on Saturday signed a degree to hold a referendum on Nov. 9, a move that spooked investors who feared Spain may lose a region that accounts for around a fifth of Spain's economic output.Fitch ratings agency put the region's BBB- rating on negative watch as a result. ...
Greek yields hit two-month high, early bailout exit plan cited LONDON: Greek government bond yields rose to their highest level in almost two months on Monday as Athens' plans for an early exit from the country's bailout programme raised concerns about its future financing and debt relief. Prime Minister Antonis Samaras last week publicly acknowledged that Greece hoped to wean itself off the 240-billion euro international aid package a year before its scheduled end in early 2016. The plan is a gamble for Greece as ...
Italian, Spanish yields rise after Gross leaves Pimco LONDON: Italian and Spanish 10-year bond yields rose on Friday after Bill Gross said he had left the world's biggest bond fund Pimco, which has large investments in euro zone peripheral bonds. "There is a perception that Pimco is heavily long peripheral bonds, therefore people assume there could be some sellers," said one government bond trader, adding that some investors feared the fund may change strategy. Italian 10-year bond yields rose 4 basis points on ...
Turkish Treasury sees Oct domestic borrowing 10.8bn lira ISTANBUL: Turkey's Treasury said on Friday it planned to borrow 10.8 billion lira ($4.77 billion) from domestic markets in October against debt redemptions of 15 billion lira. Borrowing in November was seen at 5.3 billion lira against redemptions of 5.7 billion. In December, borrowing was seen at 800 million lira against redemptions of 1.1 billion, the Treasury said in a statement on its website. Copyright Reuters, 2014 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln