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Ten-year gilt prices rally on downbeat global economic data LONDON: Ten-year gilt prices rose strongly on Tuesday following some downbeat economic data, particularly from the United States, that prompted a rally in safe-haven government bonds.By 1620 GMT the 10-year gilt yield was down around 3.5 basis points on the day at 1.48 percent, as the bond outperformed equivalent German debt but trailed behind surging U.S. Treasuries.Gilts wavered following weaker-than-expected British economic growth data for the fourth quarter, but rallied strongly following after a gauge of U.S. business investment plans unexpectedly fell.The yield spread between 10-year gilts and the equivalent German Bund tightened by more than a basis points on the day to 110 basis points.On Wednesday, Britain's Debt Management Office is widely expected to hold a sale via syndication of the 0.125 percent 2058 index-linked gilt.ADM Investor Services strategist Marc Ostwald said in a note to clients that pension funds would by forced to buy the bonds because of ...

Italy to offer up to 8.25bn euros of CCTEU, BTP at auction ROME: Italy's Treasury said on Monday it would issue up to 8.25 billion euros ($9.32 billion) of floating-rate notes linked to euro-zone inflation (CCTEU), and fixed-rate bonds (BTP) at its regular end-month auction on Jan. 29. The Treasury said in a statement it would offer: Between 1.25 billion euros and 1.75 billion euros of a 9th tranche CCTEU maturing on Dec. 15, 2020. Between 2.5 billion euros and 3 billion euros of a 5th tranche ...
Italy to issue 7bn euros of BOTs at end-month auction ROME: The Italian Treasury said on Friday it would offer seven billion euros of first tranche, 6-month Treasury bills (BOTs) at its regular end-month auction on Jan. 28. The BOTs will mature on July 31, 2015. Copyright Reuters, 2015 ...
Portugal 2014 public deficit falls 20pc, beats target LISBON: Portugal's public deficit shrank by 20 percent to 7.07 billion euros ($8 billion) last year as spending fell and tax revenues hit a record high, to beat the government's deficit estimate by 655 million euros, the finance ministry said on Friday. The primary public balance, which excludes debt interest payments, swung to a surplus of 1.03 billion euros from a deficit of 882 million euros a year earlier, the ministry said. Tax revenues rose ...
German bond yields rise on worries QE might end 16-month rally LONDON: German 10-year bond yields rose on Thursday, as investors weighed up whether a 16-month rally in the top-rated debt can continue after the ECB launches a much-anticipated bond-buying scheme.After the biggest daily jump in more than a year on Wednesday, German yields -- the bloc's benchmark -- climbed further away from historic lows, as markets waited eagerly for confirmation that the ECB would follow the path of other major central banks into quantitative easing.Lower-rated ...
ECB to decide on bond-buying plan to revive euro zone FRANKFURT: The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy option for breathing life into the flagging euro zone economy.Market expectations are sky-high for the ECB to unveil large-scale quantitative easing (QE) - printing money to buy government bonds - despite opposition from Germany's Bundesbank and concerns in Berlin that this could allow spendthrift countries to slacken economic reforms.The momentous step - ...
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 ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

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 $16.137 bln