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Greek bond yields rise as Germany sticks to austerity mantra LONDON: Greek bond yields rose on Monday as investors reacted nervously to signs the euro zone's dominant economy Germany will take a tough stance towards the fiscal commitments the next government in Athens will inherit from its predecessor.Greeks go to the polls on Jan. 25 in a snap election that could lead to a government headed by the leftist Syriza party, which has said it wants to cancel the austerity measures the country has taken in return for 240 billion euros of bailout loans from the European Union and the International Monetary Fund.The ability of Athens and Berlin to reach a compromise under such a scenario could determine Greece's future in the euro zone, some analysts say. Der Spiegel magazine cited unnamed government sources on Sunday as saying Germany believed the euro zone would now cope with a Greek exit.Germany's Vice Chancellor Sigmar Gabriel said later that Berlin wanted Greece ...

Euro zone bond yields sink as investors prepare for QE year LONDON: Government bond yields fell to new record lows across the euro zone on Friday on expectations the European Central Bank is set to fight slowing inflation with new stimulus measures in the new year. German, French, Italian, Spanish, Irish, Dutch, Portuguese, Belgian and Finnish yields hit record lows after ECB President Mario Draghi said the bank would act to keep consumer prices stable. German five-year yields fell below zero and 10-year Bund yields fell ...
France to sell 8.5-9.5bn euro of long-term bonds on Jan 8 PARIS: France plans to sell 8.5 billion to 9.5 billion euros ($10.24-$11.44 billion) of fixed-rate, long-term bonds at its next monthly auction on Jan. 8, public debt management agency Agence France Tresor said on Friday. The bonds will mature in November 2024, May 2030 and May 2045, AFT said. Copyright Reuters, 2014 ...
Against the odds, German Bund yields on track for biggest fall since 2008 LONDON: German Bund yields were on track on Tuesday to post their biggest annual fall in six years in 2014, with political turmoil in Greece and expectations for further monetary easing by the European Central Bank the latest drivers of the unexpected bond rally.The top-rated euro zone benchmark held near a record low of 0.542 percent set on Monday as investors ran for cover after the Greek parliament rejected the prime minister's nominee for president.The ...
Russian company debt contaminates sovereign dollar bonds LONDON: As Russia confronts financial crisis, investors in its sovereign dollar bonds are braced for things to get worse before they get better, even though few expect a full-blown sovereign default. The Russian state, they say, is a diligent payer of debts however belligerent the rhetoric of its leaders. But Russian companies are heavily indebted and with Western sanctions over Moscow's role in Ukraine making it hard for them to access capital, the national balance ...
Greek bond yields spike after failed vote paves way for elections LONDON: Greek bond yields shot higher on Monday after the government's candidate for president failed to win enough votes from lawmakers in a final round of voting, paving the way for national elections early next year.Investors took fright at the prospect of the leftist Syriza party -- which has vowed to write off much of Greece's debt, renegotiate its EU/IMF bailout and roll back austerity policies -- coming to power in an election slated for ...
Spanish yields hit new lows as ECB officials discuss QE details LONDON: Spanish bond yields fell to new record lows on Friday, with traders citing a Reuters report saying ECB officials were considering ways to ensure weak countries that stand to gain most from money printing bear more of the risk and cost. Officials, who spoke on condition of anonymity, have told Reuters that the ECB could require central banks in countries such as Greece or Portugal to set aside extra money or provisions to cover ...


Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41

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