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France to issue 187bn euros in bonds in 2015 PARIS: France will issue 187 billion euros in medium and long term debt next year net of buybacks, the AFT public debt management agency said on Thursday, trimming its target by one billion euros from an initial estimate as France narrows its public deficit.Issuance will rise from 173 billion euros ($213 billion) this year because of a spike in redemptions next year to a record 116.5 billion euros as a wave of bonds issued during the financial crisis come due.Agence France Tresor said short-term debt issuance would remain stable next year.France is borrowing at record low interest rates as ECB easing expectations drove euro zone government bond yields lower across the board."Financing conditions today are exceptional," AFT chief Ambroise Fayolle said, noting that France had borrowed at an average 1.31 percent rate on debt of more than one year in 2014, compared with pre-crisis average of 4.15 percent.AFT bought back ...

Spain sells 2.6bn euro in bonds, 10-year at record low MADRID: Spain sold 2.6 billion euros ($3.2 billion) at a triple bond auction on Thursday, with yields on the 10-year paper hitting fresh lows as expectations of more monetary easing by the European Central Bank next year spurs demand for euro zone debt.Spain's Treasury surpassed the top end of its target to sell between 1.5 billion and 2.5 billion euros on Thursday, in the last bond auction of 2014. It has already sold more than ...
Euro zone bond yields fall as ‘patient’ Fed satisfies investors LONDON: Euro zone bond yields fell on Thursday after the U.S. Federal Reserve struck a more cautious tone than many had expected as the world's largest economy mulls raising interest rates.As predicted by many in the market, the Fed altered a pledge to keep rates near zero for a "considerable time" at the end of its two-day meeting on Wednesday.But using less hawkish language than many had expected, it said it would now take a ...
German yields pinned near record lows as Russia, Greek vote eyed LONDON: Investor nervousness over Russia's gathering financial crisis and an upcoming presidential vote in Greece kept German Bund yields pinned near record lows on Wednesday.Demand for assets perceived as safe like German Bunds accelerated on Tuesday as Russian financial markets collapsed following an aggressive rate hike by the country's central bank failed to buttress the battered rouble.Focus was also on Greece, which holds the first of three rounds of a presidential vote later in the ...
Weak private sector growth data pushes euro zone yields to new lows LONDON: Bond yields of several euro zone countries touched new record lows on Tuesday after weak private sector growth data indicated a slump in oil prices offered little support to the region's sluggish economy.Markit's flash composite Purchasing Managers' Index (PMI) for Germany fell to 51.4 in December after a final reading of 51.7 in November. That was above the 50 line denoting growth, but it was the lowest reading in 18 months and far below ...
German 10-year bond yields dip below 0.6 percent on Russian worries LONDON: German 10-year bond yields fell below 0.60 percent for the first time on Tuesday, as a collapse in Russian financial markets sent investors to seek refuge in safe haven assets."It is a result of all this turmoil in Russia, with the rouble getting hammered again," said one euro zone government bond trader.Yields on German bonds - the top-rated debt in the euro zone - fell to a new record low of 0.599 percent, down ...
Spanish bond yields hit record lows as oil slump firms QE bets LONDON: Spanish government bond yields fell to record lows on Monday as plunging oil prices bolstered expectations the ECB would soon do more to stimulate the region's economy, including purchasing sovereign bonds.Oil's fall to 5-1/2-year lows has served to justify bets the ECB will take steps to fight off deflation, which swap rates signal could set in over the next year. Two-year inflation swaps are close to zero.Investors snapped up Italian, Spanish and Portuguese bonds, ...


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
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
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