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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 upside of the outcome," said Piet Lammens, strategist at KBC. "It's not so much the payrolls themselves, but how the market reacts. This might give us more clues about what might happen in the next weeks." A Reuters poll of economists forecast a rise of 215,000 in non-farm payrolls last month, a big jump from August. Strong economic data will be needed to convince the US Federal Reserve to begin raising interest rates after it ...

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 ...
German bond yields dip after weak Ifo data ramps up ECB pressure LONDON: German bond yields edged lower on Wednesday after disappointing business sentiment data in the euro zone's largest economy further underlined the prospect of additional easing measures from the European Central Bank.Germany's headline Ifo number fell for the fifth straight month in September and expectations for future activity dropped to its lowest since December 2012. That stoked more worries about the growth outlook after a survey on Tuesday showed the country's manufacturing sector slowing.This slump ...
German bond yields edge up ahead of Ifo business sentiment data LONDON: German bond yields opened a fraction higher on Wednesday as investors tentatively awaited the latest indication of business sentiment in the euro zone's largest economy.Markets expect a modest fall in Germany's Ifo reading for September, due at 0800 GMT, which is being closely watched after data showed a decline in the country's manufacturing sector on Tuesday, adding to an erosion of inflation expectations. This slump in economic indicators, allied with a weak take up ...

 



 
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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