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Spain sells 4.7bn euro at lower yields in triple bond auction MADRID: Spain sold 4.7 billion euros ($5.5 billion) of debt at a triple bond auction on Thursday, with yields falling as investors await details of European Central Bank bond-buying scheme given the green light by the European Court of Justice on Wednesday.Spain's Treasury sold slightly more than its mid-range goal of 4.5 billion euros, and hit a new record low yield on its sale of the benchmark five-year debt.Spain sold the benchmark, bond due Jan 31, 2020, at an average yield of 0.849 percent, down from 0.928 percent at its last outing on Jan. 8. The Treasury sold slightly less than 1.8 billion euros of that paper, which was 2.4 times subscribed versus 1.5 times earlier in the month.The Treasury also sold 1.6 billion euros of a bond due Oct 31, 2017, at an average yield of 0.556 percent compared to 0.584 percent in a Dec. 4 auction. The bid-to-cover ...

Euro zone bond yields fall after court adviser opinion on ECB bond buys LONDON: Bond yields in five euro zone countries hit new lows on Wednesday after an opinion from an adviser to Europe's top court on an unused ECB debt buying programme eased concerns about legal obstacles to future central bank purchases. Pedro Cruz Villalon, advocate general at the European Court of Justice, said the European Central Bank was entitled to buy bonds, on condition that it was not directly involved in an assistance programme for beneficiary ...
Gilt yields sink to new lows after inflation plunge LONDON: Long-dated British government bond yields touched record depths on Wednesday after data showed inflation fell to its lowest level in more than 14 years, prompting investors to add to bets that the Bank of England will raise interest rates only in 2016.In another sign of markets pushing back expectations of when British interest rates are likely to go up, the premium that 10-year gilts offer over the equivalent German Bund sank to its lowest ...
Portugal taps bond demand as QE bets push yields lower LONDON: Portugal is among a raft of euro zone governments issuing new debt on Tuesday, as bond yields across the region sink on expectations the European Central Bank will loosen policy soon.Top ECB policymakers have signalled that sovereign bond-buying - known as quantitative easing - could be announced next week, at the bank's first policy meeting of 2015, despite pending elections in Greece.Traders polled by Reuters on Monday said QE was now a given, a ...
Lower-rated bond yields dip as ECB's Visco urges govt bond buying LONDON: Spanish and Italian bond yields slipped on Monday after a European Central Bank official said the risk of deflation in the euro zone should not be underestimated and urged the bank to buy government debt. ECB Governing Council member Ignazio Visco made the comments to German newspaper Welt am Sonntag as policymakers consider buying sovereign debt, in so-called quantitative easing, to prevent the euro zone slipping into a deflationary spiral. Markets speculate the ECB ...
Euro zone bond yields hover just above record lows before US payrolls LONDON: Euro zone government bond yields held just above record lows on Friday before a U.S. labour market report that is expected to reconfirm the yawning gap between the two regions and their monetary policy outlooks.Expectations that the European Central Bank will soon launch a large-scale government bond purchase programme to reverse a fall in consumer prices and boost a stagnant economy have virtually erased yields across the single currency bloc.About a quarter of the ...
Greece to auction 625mn euros of 3-month T-bills on Jan 14 ATHENS: Greece will sell 625 million euros ($739 million) of three-month treasury bills on January 14 to refinance a maturing issue, the country's debt agency PDMA said on Friday.The settlement date will be January 16. Only primary dealers will be allowed to participate and no commission will be paid.Athens has a stock of about 15 billion euros of T-bills that it regularly refinances with the help of Greek banks. A previous sale in December was ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln