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Euro zone yields dip as ECB QE bets stay intact despite GDP uptick LONDON: Euro zone bond yields fell on Friday after data showed modest and patchy third quarter growth in the currency bloc, keeping intact bets for more easing from the European Central Bank. A preliminary estimate by the European Union's statistics office showed the euro zone economy expanded 0.2 percent quarter-on-quarter after Germany dodged recession and France beat market expectations. Growth remained uneven in the 18-nation bloc. Italy -- the biggest economy on its periphery -- stayed in recession while Portugal grew 0.2 percent, below forecasts. There was some relief in the market that the region avoided recession but the minimal recovery and confirmation of ultra-low inflation did little to cool expectations of more ECB stimulus."It's a tiny bit better but I can't really say it has led us into revising our view on anything. We're anticipating weak ECB forecasts in December and the the bigger backdrop of what's going on ...

Spanish yields fall as market shrugs off Catalonia's symbolic vote LONDON: Spanish bond yields dipped on Monday as investors shrugged off a symbolic vote on independence in the country's wealthy Catalonia region.Market sentiment in the rest of Europe was also broadly positive on Monday on bets that flash euro zone data this week would support the case for the European Central Bank to expand its asset purchases to government bonds.Millions of Catalans voted in Sunday's ballot, which supporters hope will propel the issue further despite ...
Portugal to issue up to 1bn euros bonds Nov. 12 LISBON: Portugal's IGCP debt agency said on Friday it will issue between 750 million euros and 1 billion euros in bonds due Feb. 2024 at an auction on Nov. 12. The bonds have a coupon of 5.65 percent and settlement will be on Nov. 14. Portugal has easily recovered bond market access since it exited its bailout in May and its yields are currently trading near all-time lows thanks to the European Central Bank's expansive ...
Belgium to sell 5, 10 year benchmarks at final debt auction BRUSSELS: Belgium will sell the five and 10-year benchmark bonds at its final long-term debt auction in November, the country's debt agency said on Friday. Belgium will auction the September 28 2019 and June 22 2024 benchmark bonds, which yielded 0.854 and 1.198 percent respectively at their most recent sales this year. The debt agency will announce next Friday how much it intends to raise at the auction scheduled for November 17. The AA-rated sovereign ...
Euro zone bond yields edge up ahead of US employment data LONDON: Euro zone bond yields edged higher on Friday as investors waited for the latest batch of US employment figures, seen as crucial to convincing the Federal Reserve to tighten monetary policy. In its statement last week, the US central bank stressed that a rise in interest rates would be data-dependent, putting extra onus on Friday's non-farm payrolls numbers due at 1330 GMT. While the European Central Bank affirmed its accommodative approach on Thursday, expanding ...
Euro zone deflation worries shield German Bunds from upbeat Fed LONDON: German Bunds held steady on Thursday as deflation worries in the euro zone, underscored by figures from Spain, offset the impact of the U.S. Federal Reserve ending its bond-buying programme with a positive note on the economic outlook.Spanish consumer prices fell 0.2 percent in October compared with a decline of 0.3 percent in the previous month. While in line with expectations, the fact that the figure held below zero reinforces bets that the European ...
ECB may struggle to buy enough corporate bonds LONDON: Any extension of the European Central Bank's asset-purchase scheme to include company debt risks running into a familiar problem - the ECB may not be able to buy enough of them to make a difference.A wave of enthusiasm spread over financial markets on Tuesday after Reuters reported, citing sources close to the situation, that the ECB might decide as soon as December to start buying corporate bonds to complement its covered bonds and asset-backed ...

 



 
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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