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UK gilts slide as ECB stimulus talk weighs  LONDON: Gilts fell heavily on Friday on speculation about stimulus moves by the European Central Bank, but safe-haven German debt fell even more, pushing the 10-year British/German debt yield premium to its lowest in over a month. Ten-year gilt yields rose 5 basis points on the day to 1.53 percent, but their spread over Bunds tightened by more than 2 basis points from late on Thursday to below 14 basis points, and at one point was as low as 12.4 basis points. In the futures market, the September gilt settled 54 ticks down on the day at 121.18, compared to an 80-tick decline on the equivalent Bund contract. ECB President Mario Draghi said on Thursday that the central bank stood ready to do whatever it took, within its mandate, to preserve the euro. Markets interpreted this as raising the prospect of more ECB purchases of peripheral debt, diminishing the appeal of Bunds -- though ...

US bonds edge lower as markets eye ECB action  LONDON: US bond prices edged lower on Friday after a Le Monde newspaper report cited unnamed sources as saying the European bailout fund and the European Central Bank are preparing coordinated action on markets to support Spain and Italy. * Trading was choppy in thin volumes. Treasuries started the European session lower after a pledge by ECB President Mario Draghi on Thursday to do whatever it takes within the bank's mandate to save the euro, including ...
Spanish, Italian yields hit session lows on Draghi  LONDON: Ten-year Spanish and Italian government bond yields hit session lows on Thursday after European Central Bank President Mario Draghi said the central bank was ready to do whatever it takes to preserve the euro. Italian yields were 17 basis points lower at 6.28 percent, with the Spanish equivalent down 10 basis points at 7.29 percent. German Bund futures extended losses to the day's low of 144.27, down 42 ticks on the day. Copyright Reuters, 2012 ...
Bunds slip as stimulus hopes favour equities  LONDON: Bund futures extended recent losses on Thursday with European equities poised for a higher open on expectations of more monetary stimulus while this week's ratings warning reminded investors of the challenges the debt crisis poses to Germany. Ahead of the European Central Bank and the Federal Reserve's monetary policy meetings next week, speculation for further policy action was already swirling even though such hopes have been disappointed in the past. Such bets gave a bid to ...
Bund futures fall on ESM banking license comments  LONDON: German Bund futures reversed opening gains on Wednesday after European Central Bank policymaker Ewald Nowotny was quoted as saying he saw grounds for giving the ESM euro zone rescue fund a banking licence. "The headline saying Nowotny sees arguments for giving ESM a banking licence is putting a bit of pressure on Bunds," a trader said. "But we're in a period of thin markets and it's not going to take a lot to move markets. ...
Bunds fall on Moody LONDON: A rally in safe-haven German government bonds paused on Tuesday, with Bund yields edging higher after credit rating agency Moody's revised its outlook for Germany to negative Short-dated Spanish bond yields rose further, albeit at a slower pace than on Monday, but traders saw little respite as expectations grew that the country will need a full bailout on top of an already approved rescue for its banks. The potential cost to the so-called core euro zone ...
Spanish 5-year bond yields rise above 10-year  LONDON: Spanish five-year government bond yields rose above 10-year yields for the first time since June 2001 on Tuesday, as investors fretted about the possibility that Madrid may need a full-blown sovereign bailout. Short-term yields rising above longer-term yields is usually a sign that markets think the risk of a credit event has increased. Five-year yields were last 2 basis points higher at 7.45, while 10-year yields were 6 bps lower at 7.436 percent. Bund futures were 80 ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln