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Bunds hover near one-month high after euro meeting  LONDON: German Bund futures hovered near one-month highs and Spanish 10-year yields remained over the 7 percent mark on Tuesday after a meeting of euro zone finance ministers produced little to improve appetite for riskier assets. Continued caution on the part of investors is likely to benefit higher-yielding, non-peripheral markets like France or Belgium as well as safe-haven German debt, with demand for Italian and Spanish bonds remaining fragile. Earlier on Tuesday, euro zone ministers agreed to grant Spain an extra year, until 2014, to reach its deficit reduction targets and set the parameters of an aid package for its banks that it is hoped will prevent Madrid needing further aid. But with 10-year Spanish yields above the key 7 percent level beyond which countries such as Portugal or Ireland were eventually forced out of capital markets, investors continued to fret about a potential sovereign bailout. Market attention is now focused on a German ...

Spanish, Italian bond yields fall; euro bounces  LONDON: Spanish and Italian government bond yields fell and the euro turned positive against the dollar on Tuesday, on reports that German Finance Minister Wolfgang Schaeuble said instruments to tackle the debt crisis could be used without prior announcement. Spanish 10-year yields were last 14 basis points lower at 6.93 percent, while equivalent Italian yields were 12 bps lower at 5.98 percent. Two-year Spanish yields were 17 bps lower at 4.98 percent, while their Italian counterparts were ...
Turkish bonds firm on rate cut hopes  ISTANBUL: Turkish two-year bond yields fell below 8 percent on Monday, the lowest since September 2011, driven by expectations that the central bank will ease monetary policy and investors searching for more rewarding bets than euro zone government debt. The lira was also firmer, trading at 1.8190 against the dollar at 0800 GMT, strengthening from 1.8215 late on Friday. Against a euro-dollar basket, it strengthened to 2.0265 from 2.0319. Global economic weakness also helped drive the fall ...
Spanish short-term bond yields rise  LONDON: Spanish two-year bond yields rose on Monday as low expectations of further progress on the euro zone debt crisis at a meeting of finance ministers later in the day weighed on sentiment towards the region's lower-rated issuers. The Spanish two-year government bond yield rose 24 basis points on the day to 5.18 percent, while the 10-year yield rose 5.3 bps to stand at 7.03 percent. The negative sentiment also pushed yields on Italian government bonds higher, ...
Bunds at 1-month high with Spain pressured  LONDON: German Bund futures hit one-month highs early on Monday with low expectations for further progress on the euro zone debt crisis at a meeting of finance ministers later in the day and as Spanish yields returned to dangerous levels. Finance ministers will focus on follow-up steps to European leaders' plan revealed last month to shore up indebted states and banks, but the latest talks may only highlight the initial deal's limitations. As euphoria seen in the ...
Bunds hit session-high post payrolls, stocks fall  LONDON: German Bund futures hit a session-high and European stocks fell further on Friday after weaker-than-expected US jobs data. The US economy created 80,000 non-farm jobs, below the 90,000 forecast in a Reuters survey. German Bund futures hit a session high of 143.74, up 62 ticks on the day and compared with 143.44 before the data was released. European shares fell further after the data. The FTSEurofirst was down 0.6 percent, having been down by 0.2 percent before ...
Spanish 10-year yields back above 7 percent  LONDON: Yields on Spain's 10-year government bonds rose back above 7 percent on Friday, a week after euro zone leaders agreed moves to tackle the bloc's debt crisis, while two-year German yields turned negative following an ECB rate cut the previous day. Spanish yields had fallen after the summit deal to allow the euro zone's bailout funds to support banks and buy peripheral debt in secondary markets, but investors still doubt the fund has enough capacity ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln