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French bonds outperform after dodging Moody's ratings downgrade LONDON: French bonds outperformed most of their euro zone peers on Monday after Moody's spared the region's second largest economy from a fresh credit rating downgrade even though Paris has overrun its deficit targets. The French government's admission last week that it would take longer than planned to cut its deficit as agreed with European partners had prompted speculation in the market and in the press that a one-notch downgrade was all but inevitable. Moody's kept its rating on French bonds at Aa1 late on Friday but maintained its negative outlook, citing the difficulties of pushing through reforms. French 10-year bond yields fell 4 basis points to 1.35 percent, outperforming other euro zone bonds whose yields were also lower on expectations that economic data due this week will add to signs of anaemic growth in the region. Their yield spread over benchmark German Bunds tightened 2 bps to 38 bps. ...

German bond futures rally as weaker equities lift safe-haven debt LONDON: German Bund futures jumped on Monday as a retreat in stocks on expectations of soft Chinese manufacturing data spurred flows into safe-haven government bonds.Flash manufacturing PMI readings from China, the world's second biggest economy, could come in below the 50 level early on Tuesday, traders said, indicating that manufacturing activity is contracting."The Asian markets are weak so it looks to be a risk-off day and a continuation of the Bund rally that started last ...
German bonds see-saw after tame TLTRO raises QE question LONDON: German bonds see-sawed on Thursday as investors weighed up whether a tepid response to the ECB's new long-term loans would prompt the central bank to find new ways to revive the region's ailing economy.Yields initially rose just after European markets opened, reacting to projections of steeper rate rises from the U.S. Federal Reserve. They fell after the ECB announced it would provide 82.6 billion euros of new long-term loans to banks, much less than ...
Spanish yields dip as polls show narrow lead for ‘No’ vote in Scotland LONDON: Spanish bond yields edged down on Wednesday after new opinion polls on Scotland's independence referendum, closely watched in Catalonia, showed a narrow lead for those supporting staying in the United Kingdom.Bond yields fell across the euro zone as investors expected some of the long-term loans the European Central Bank offers this week to be invested in government debt, at least for a time.But the fact that Spain kept up with its peers despite investors ...
German ZEW, OECD outlook tip Bund yields back below 1pc LONDON: German 10-year yields fell back below 1 percent on Tuesday as data showed investor morale hit its lowest in nearly two years in September, suggesting tensions between Russia and the West had hit Europe's largest economy.Adding to the grim growth outlook, the OECD on Monday revised downward its global growth forecasts for major developed economies, including the euro zone, and urged more aggressive European Central Bank stimulus to ward off deflation in the currency ...
German yields dip back below 1 pct before German sentiment survey LONDON: German 10-year yields fell back below 1 percent on Tuesday ahead of a German survey expected to show investor confidence in the region's biggest economist remained downbeat, underlining the impact of ECB's ultra-easy policy stance. Adding pressure on the European Central Bank, the OECD on Monday revised its global growth forecasts for major developed economies downward and urged more aggressive ECB stimulus to ward off deflation in the currency bloc.Price moves were, however, expected ...
China issues yuan bonds in Paris for first time PARIS: China took a new step towards international use of its currency, the yuan, on Monday when it successfully launched yuan-based bonds in Paris for the first time.The bonds, intended to raise 2.0 billion yuan (240 million euros, $310 million) were issued by the state-owned Bank of China.The issue attracted a strong level of interest, and demand amounted to 3.65 times the amount offered, the president of the central bank Tian Guoli said at a ...

 



 
Index Closing Chg%
Arrow DJIA 17,828.24 0.01
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Arrow FTSE 6,722.62 0.01
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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