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Middle East & Africa


South Africa bonds steady in cross winds, rand weaker  JOHANNESBURG: South Africa's government bonds held mostly steady on Tuesday, balancing between a downgrade by Moody's last week that soured sentiment and optimism from their inclusion in Citigroup's World Government Bond Index (WGBI) from the start of this month.   The yield on the three-year benchmark was 0.5 basis points lower to 5.45 percent and that for the 14-year issue dropped 1 basis points at 7.57 percent.   "Even though it brought us in-line with Fitch and S&P, the negativity surrounding that has had more dominance than the WGBI flows right now," said Steve Arnold, a bond trader at Investec.   Moody's last Thursday cut South Africa's government bond rating by one notch to Baa1 from A3, citing worries about the country's institutions as well as future political stability and room for policy manoeuvring.   The long-awaited debut in Citigroup's WGBI - first announced in June but not officially effective until Oct. 1 - puts South Africa alongside ...

Yields tumble at Egypt T-bill auction CAIRO: The average yields on 4.5 billion Egyptian pounds ($738.49 million) of 91- and 266-day treasury bills fell sharply at a central bank auction on Sunday, the Ministry of Finance said. The average yield on 1 billion pounds of 91-day bills dropped to 12.396 percent, its lowest since November last year, from 13.747 percent at an auction on Sept. 9. The yield on 3.5 billion pounds of 266-day bills tumbled to 13.354 percent, its lowest since August ...
Bonds pare gains after 10-year TIPS sale  NEW YORK: US government debt prices pared earlier gains mid-afternoon Thursday after weak demand at an auction of $13 billion worth of 10-year Treasury Inflation-Protected Securities. Treasuries prices briefly turned flat in reaction to the results on the 10-year TIPS sale, whose overall bidding came in at its weakest since April 2009. Benchmark US 10-year Treasury notes last traded up 3/32 in price, yielding 1.763 percent, down 1 basis point from Wednesday's close. Copyright AFP (Agence France-Presse), 2012 ...
South Africa bonds ease, rand softens on mine deal hopes  JOHANNESBURG: South African government bonds eased on Tuesday after weakening on the longer end of the yield curve in the previous session and the rand softened on hopes of ending a mine strike that has sparked labour unrest in the platinum belt.   The bond yields for the 2026 paper moved up 1.5 basis points to 7.620 percent and one basis points on the 2015 note.   "If the rand continues to lose a bit of ground, yields will ...
Nigeria T bill yields fall, foreign demand ups naira  LAGOS: Yields on Nigeria's treasury bills fell at its bi-monthly auction, dealers said on Thursday, as they were oversubscribed, particularly by foreign investors, whose strong demand also pushed up the local naira currency . The central bank was due to release the amount it sold at Wednesday's auction. It had planned to auction 142.97 billion naira, of which 32.9 billion naira was in 91-month bills, 50 billion naira in 182-day paper and 60 billion naira in ...
Egypt sells 2.5bn EG pounds of bonds  CAIRO: Egypt's central bank sold 2.5 billion Egyptian pounds ($409.65 million) of reopened five and seven-year bonds on Monday, the Ministry of Finance said.   The average yield on 1 billion pounds of re-opened five-year bonds was 16.330 percent, with the range from 16 to 16.55 percent. Five-year bonds sold on Aug. 16 had an average yield of 16.59 percent.   The central bank sold 1.5 billion pounds of the five-year bonds on Monday.   The average yield on 1 billion ...
Yields eases at Egypt 91-, 273-day T-bill auction  CAIRO: Average yields declined on treasury bills auctioned by Egypt's central bank on Sunday, the Ministry of Finance said.   The yield on 273-day T-bills slipped to 15.794 percent from 15.8 37 percent at the last auction on A ug. 15, and the bank sold all 4 billion Egyptian pounds ($656.14 million)of bills it had sought.   The yield on 91-day bills eased to 14.15 percent from 14.227 percent at last week's issue. All 1 billion Egyptian pounds on ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln