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Demand weak for German two years bond at auction BERLIN: Germany sold 4.083 billion euros of 0.0 percent two-year Schatz notes on Wednesday, attracting less demand than at a previous auction as optimism that the euro zone is readying action to stem its crisis dampened appetite for safe-haven assets. Germany's second Schatz to pay no interest to investors drew bids of just 1.5 times the amount allotted compared with 2.0 times at a previous auction in July. Copyright Reuters, 2012 ...

Bunds rally as risk assets falter  LONDON: German government bonds rose on Wednesday, catching a bid as the recent rally in risk assets paused, but were expected to remain under some pressure with the European Central Bank seen taking action to contain the euro zone debt crisis.  European equities were poised to open lower after the US S&P 500 share index retreated from four-year highs hit on optimism the ECB will act to lower Spanish and Italian borrowing costs. German Bund futures were ...
German bond buyers seen undeterred by zero yield  LONDON: Investors are expected to buy a new German two-year bond at auction next Wednesday, even if it offers no return on investment, as demand for such safe and low-risk assets allows the country to borrow for free. German two-year bond fell below zero for the first time in June and settled in negative territory from early July onwards as concerns about the ability of the euro zone to recover from its debt crisis deepened. At the ...
Spanish yields fall on repo market distortions  LONDON: Yields on Spanish government bonds fell on Friday, with traders saying distortions in the repo market were feeding through to the cash market for the country's debt. Spanish government bonds have been in short supply in the repo market, where banks commonly use them as collateral to raise funds, since domestic banks parked them at the ECB in return for cash -- particularly the three-year loans. "There is a big squeeze in the repo market ... ...
Turkish bond yields fall after central bank holds rates  ISTANBUL: Turkey's busiest two-year benchmark yield fell to 7.77 percent from 7.92 percent after the central bank decided against changing its interest rates at a monthly meeting on Thursday. The lira firmed against the dollar to 1.7972 from 1.7987 before the decision was announced. Rather than touch rates, the central bank opted to ease monetary policy gently by raising the amount of lira reserves that commercial lenders can hold in foreign currencies and gold. The main share index ...
Bunds fall to seven week lows, dragged by Treasuries  LONDON: German Bund futures fell on Thursday, pulled down by a further sell-off in US Treasuries after a batch of upbeat economic data and with few developments seen in the euro zone debt crisis before next month.  Better-than-forecast US jobs, retail sales and industrial production data have lowered expectations of a further round of policy easing by the Federal Reserve and 10-year Treasury yields have risen around 20 basis points this week, although other releases have ...
Bunds break technical levels to fall to 6-week low  LONDON: German Bund futures extended losses on Wednesday after breaking through key technical levels. Bund futures fell to a session low of 142.06 having briefly broken below support levels at last week's low of 142.17 and 142.22 - the 62 percent retracement of the June to July rally. The contract was last 21 ticks lower at 142.22. Analysts look for the market to close below key technical levels to consider it a comprehensive signal of sentiment. Copyright Reuters, ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

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 25, 2015
Reserves $15.019 bln