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Greece sells 1.625bn euros of 6-month T-bills, yield inches up ATHENS: Greece sold 1.625 billion euros ($1.93 billion) of six-month Treasury bills on Wednesday to roll over a maturing issue, the country's debt agency PDMA said in the first sale since parliament was dissolved for snap polls last month.The T-bills were priced to yield 2.30 percent, up slightly from 2.15 percent in the last sale in December.Wednesday's sale is the first since lawmakers failed to elect a president in December, triggering early elections on Jan. 25. The leftist opposition Syriza party, which is against the country's EU/IMF bailout, leads in opinion polls.Syriza has promised to abandon austerity and write off much of Greece's debt as part of a renegotiation of the country's bailout with the lenders, unnerving financial markets.The sale's bid-cover ratio was 1.58 from 1.81 in the previous sale.The amount raised included 375 million euros in non-competitive bids. The settlement date for Wednesday's auction will be January 9.Athens has ...

Belgium starts marketing new June 2025 euro bond LONDON: The Kingdom of Belgium has started marketing a new June 2025 euro-denominated bond at low to mid teens over mid-swaps, according to a lead. The sovereign, rated Aa3/AA/AA, is currently taking indications of interest from investors and the transaction will be priced later today. Barclays, BNP Paribas, ING and Natixis are the lead managers on the trade. Copyright Reuters, 2014 ...
Gilts soar on economy fears as future UK rate path flattens LONDON: Long-dated gilt prices hit record highs on Tuesday as evidence of weakening economic growth prompted investors to bet on a slower pace of interest rate increases in Britain in coming years.Government bonds in major economies around the world rallied after purchasing manager surveys showed faltering growth in the euro zone and the weakest increase in activity among British services firms since May 2013.Short sterling futures soared, particularly for the 2017 and 2018 contracts which ...
Top-rated euro zone bond yields hit record lows on Greece, QE bets LONDON: Top-rated euro zone bond yields plumbed record lows on Tuesday as anxiety over Greece's future in the euro zone and concerns about the implications for global growth of slumping oil prices drove demand for assets perceived as safe.Greek anti-austerity party Syriza, leading polls ahead of a snap election on Jan. 25, has pledged to renegotiate the terms of the country's 240 billion euro international bailout.A report at the weekend said the German government believes ...
Portugal plans to issue up to 14bn euros of bonds in 2015 LISBON: Portugal plans to issue up to 14 billion euros of treasury bonds in 2015 at regular auctions and may carry out debt exchanges and buybacks through the year, the IGCP debt agency said. The IGCP said in its financing programme for 2015, released late Monday, that the country's net borrowing needs will reach 11 billion euros this year. This will be the first year since 2011 that the country carries out normal debt financing ...
Greek bond yields rise as Germany sticks to austerity mantra LONDON: Greek bond yields rose on Monday as investors reacted nervously to signs the euro zone's dominant economy Germany will take a tough stance towards the fiscal commitments the next government in Athens will inherit from its predecessor.Greeks go to the polls on Jan. 25 in a snap election that could lead to a government headed by the leftist Syriza party, which has said it wants to cancel the austerity measures the country has taken ...
Euro zone bond yields sink as investors prepare for QE year LONDON: Government bond yields fell to new record lows across the euro zone on Friday on expectations the European Central Bank is set to fight slowing inflation with new stimulus measures in the new year. German, French, Italian, Spanish, Irish, Dutch, Portuguese, Belgian and Finnish yields hit record lows after ECB President Mario Draghi said the bank would act to keep consumer prices stable. German five-year yields fell below zero and 10-year Bund yields fell ...

 



 
Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln