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German bond yields hit record lows after Swiss cap shock LONDON: German bond yields hit new lows on Friday as investors parked money in safe, top-rated debt as the shock of the Swiss National Bank scrapping its currency cap continued to wash over markets.The 10-year benchmark dropped below 0.40 percent for the first time, while yields on U.S. Treasuries and UK Gilts also fell after the SNB stunned markets on Thursday by abandoning its pledge to keep the franc above 1.20 per euro.Bond brokers said police raids against suspected militants in Belgium and a request from two Greek banks for emergency funding had also rattled investors, forcing them to take refuge in risk-free assets.There was little sign of stress on low-rated euro zone government bonds, however, with analysts suggesting the Swiss move meant it was almost certain the European Central Bank would ease monetary conditions via quantitative easing next week."The SNB's shock decision... has triggered a wave of repricings," said ...

German yields hit lows, Greek debt costs soar after Swiss cap shock LONDON: German bond yields hit record lows on Friday while fears about Greek banks sent the country's borrowing costs spiralling - signs of the fallout from the Swiss National Bank's shock decision to scrap its currency cap.A surge in the Swiss franc after the SNB abandoned its 1.20 euro limit on Thursday saw investors flee equities and other risky assets, parking money instead in top-rated bonds.Triple-A rated German debt was again the major beneficiary with ...
Portugal PM sees rating upgrades after 30-year bond sale LISBON: Portugal's sale this week of bonds including a 30-year maturity confirms market confidence in the country that should lead to improvements in its credit ratings, Prime Minister Pedro Passos Coelho said on Friday.He told parliament there was a lag between investors' more positive perception of the country's ability to reduce its budget deficit and the stance of credit rating agencies. All three big rating firms rank Portugal slightly below investment grade following its debt ...
Spain sells 4.7bn euro at lower yields in triple bond auction MADRID: Spain sold 4.7 billion euros ($5.5 billion) of debt at a triple bond auction on Thursday, with yields falling as investors await details of European Central Bank bond-buying scheme given the green light by the European Court of Justice on Wednesday.Spain's Treasury sold slightly more than its mid-range goal of 4.5 billion euros, and hit a new record low yield on its sale of the benchmark five-year debt.Spain sold the benchmark, bond due Jan ...
Euro zone bond yields fall after court adviser opinion on ECB bond buys LONDON: Bond yields in five euro zone countries hit new lows on Wednesday after an opinion from an adviser to Europe's top court on an unused ECB debt buying programme eased concerns about legal obstacles to future central bank purchases. Pedro Cruz Villalon, advocate general at the European Court of Justice, said the European Central Bank was entitled to buy bonds, on condition that it was not directly involved in an assistance programme for beneficiary ...
Gilt yields sink to new lows after inflation plunge LONDON: Long-dated British government bond yields touched record depths on Wednesday after data showed inflation fell to its lowest level in more than 14 years, prompting investors to add to bets that the Bank of England will raise interest rates only in 2016.In another sign of markets pushing back expectations of when British interest rates are likely to go up, the premium that 10-year gilts offer over the equivalent German Bund sank to its lowest ...
Portugal taps bond demand as QE bets push yields lower LONDON: Portugal is among a raft of euro zone governments issuing new debt on Tuesday, as bond yields across the region sink on expectations the European Central Bank will loosen policy soon.Top ECB policymakers have signalled that sovereign bond-buying - known as quantitative easing - could be announced next week, at the bank's first policy meeting of 2015, despite pending elections in Greece.Traders polled by Reuters on Monday said QE was now a given, a ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln