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Ukraine bonds fall to 40 cents in dollar as sell-off grips LONDON: Russian and Ukrainian sovereign bonds sold off heavily on Monday, with the latter now trading around 40 cents in the dollar as continued fighting in eastern Ukraine raised fears for both credits.The violence, and sanctions imposed for Russia's role in it, have exacerbated economic problems caused by falling oil prices, with Moody's cutting Russia's rating to junk late on Friday.In Ukraine, the fighting is pushing the domestic economy deeper into recession and is delaying aid from Western lenders, raising fears that an upcoming debt restructuring will inflict bigger-than-expected losses on bondholders."There is a vicious circle going on between the currency and the bonds," said David Hauner, head of EEMEA debt and strategy at Bank of America/Merrill Lynch."The hryvnia weakness raises the possibility of a more painful restructuring with haircuts on principal."The hryvnia fell 6.7 percent against the dollar on Monday, according to central bank data, adding to over 40 ...

Russia 5-yr CDS rise to one-week high after Moody's cut to junk LONDON: Russian debt insurance costs rose on Monday in the credit default swaps (CDS) market after Moody's became the second ratings agency to cut the country's sovereign rating to junk.Data from Market showed five-year CDS raised 31 basis points versus Friday's close to a one-week high of 524 bps.Moody's downgraded Russia's sovereign rating to Ba1 from Baa3, citing the impact from the Ukraine crisis as well as the steep fall in oil prices and the ...
Bund futures fall, Italian BTP futures rise after Greek deal LONDON: German Bund futures fell, while BTP futures rose on Monday after Greece agreed a conditional financial rescue with Europe.The deal, subject to Greece passing reform promises and reached after its new government made big concessions, eases concerns about Athens leaving the euro zone, something investors had perceived as a nagging outside risk.Bund futures fell 29 ticks to 158.53, reflecting reduced appetite for low-yielding assets perceived as safe. Italian BTP futures raised 34 ticks to ...
Greek yields fall before meeting on debt deal LONDON: Greek bond yields pushed lower on Friday on hopes euro zone finance ministers will eventually agree a deal on a loan agreement that will help Greece avoid bankruptcy. Greece sought an extension of its current loan agreement on Thursday, but it rejects any deal that would maintain previously agreed austerity measures.That has put it on a collision course with Germany. Germany said Greece's proposal was "not a substantial solution" because it did not commit ...
Periphery bond yields drop as Greece softens stance on bailout deal LONDON: Yields on lower-rated euro zone bonds slid on Thursday after Greece asked its EU lenders for a six-month loan extension and pledged to honour all its debts, even though Germany immediately rejected its proposal.In a document seen by Reuters, Greece appeared to have moved substantially toward the position taken by euro zone finance ministers in negotiations on Monday that ended without a deal as Athens vowed to ditch the 240-billion euro bailout programme.The German ...
UK long-dated gilt yields track Treasuries to highest since Jan 5 LONDON: British long-dated government bond yields rose to their highest level since Jan. 5 on Tuesday as U.S. Treasury yields climbed on growing expectations that the Federal Reserve could flag a possible interest rate increase as early as June.Ten-year gilt yields rose as much as 7 basis points on the day to peak at 1.759 percent, a level last seen on Jan. 5, and 20- and 30-year yields also set similar records at 2.316 percent ...
Greek markets slip but don't panic after debt talks collapse LONDON: Greek financial markets slipped but kept their composure on Tuesday after debt talks with the euro zone broke down, on expectations that Athens and its European partners would eventually agree a compromise.Greek government bond yields rose as much as 80 basis points and stocks fell 1 percent -- limited moves by the standards of Greece's illiquid markets. Both remained well off the extremes touched last week. The reaction to Greece's rejection to a proposal ...


Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08

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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln