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German bond yields rise to weekly highs after inflation drop LONDON: German bond yields rose to one-week highs on Tuesday after a drop in euro zone inflation triggered concerns about the extent and effectiveness of European Central Bank policy easing tipped for later this week.Annual consumer prices in the 18-country currency bloc fell to the lowest since the debt crisis erupted, leading some investors to take profit on a recent rally, and raising pressure on the ECB to take radical action to protect the euro zone's fragile recovery."The price action today shows just how elevated ECB expectations had become given there is still potential for disappointment," said Michael Leister, a senior interest rate strategist at Commerzbank.Economists surveyed by Reuters expected inflation to remain at April's level of 0.7 percent but a number of big banks had already slashed their forecasts to 0.5 percent - with a few predicting an even lower reading - after soft German inflation numbers on Monday.When ...

Portugal yields rise as Lisbon says austerity ruling to hit budget LONDON: Portuguese bond yields rose to a one-week high on Tuesday after Lisbon said the rejection by the country's supreme court of some austerity measures will have a "significant" budget impact.Finance Minister Maria Luis Albuquerque said Friday's ruling, which will create a fiscal gap of about 700 million euros this year, could complicate Portugal's formal exit from its international bailout, which ended last month.The austerity measures struck down by the court were imposed under the ...
Bund futures fall to day's low after weak euro zone inflation LONDON: German Bund futures fell on Tuesday after surprisingly low euro zone inflation data but the move was expected to be short-lived as the data cemented the case for European Central Bank policy easing later this week.Some traders said the weak inflation data was already priced into the market and prompted investors to book profits after a recent rally."That number was if anything bond friendly. We expect the Bund to regain its momentum and start ...
Portuguese bond yields rise after top court rejects budget cuts LONDON: Portugal's borrowing costs edged up on Monday after the country's supreme court rejected several austerity measures in the government's 2014 budget.Ten-year yields opened 7 basis higher at 3.72 percent, before paring some of those losses with the broader debt market underpinned by expectations the European Central Bank will announce a stimulus package on Thursday."It's a disturbance to the market, a reminder that it is not so easy to get these countries back on track," ...
Portugal bond yields rise after top court rejects budget cuts LONDON: Portuguese government bond yields rose on Monday after its supreme court rejected several austerity measures in the government's 2014 budget. Benchmark 10-year yields rose 7 basis points to 3.72 percent, with weakness also seen in other euro zone peripheral government bonds. "It's a disturbance to the market, a reminder that it is not so easy to get these countries back on track," said Luca Jellinek, European head of fixed income at Credit Agricole.Copyright Reuters, ...
German bond yields hold at one-year low on bets ECB will ease LONDON: German bond yields held at the lowest levels seen in a year on Thursday and were heading for a fifth consecutive monthly fall on expectations of imminent monetary policy easing from the European Central Bank.A throng of ECB policymakers have hinted that the bank is preparing the ground for a package measures to be announced at next week's meeting, as it looks to stave off deflation and nurture the bloc's fledgling growth.The accommodative stance ...
Spanish yields slide to record low on ECB's easing signals LONDON: Spanish bond yields hit record lows on Wednesday as weak lending data and comments by European Central Bank policymakers bolstered expectations the bank will soon provide monetary stimulus, fueling demand for fixed income.Euro zone government bonds across the credit spectrum have firmed this week as fears receded that big wins by anti-euro parties in EU parliamentary elections might derail fiscal reforms in weaker countries. At the same time, expectations grew that the ECB will ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln