First Capital Daily Summery 22 May 2015

Melissa Pereira Tue May 26, 2015 11:16 am

Local News
1) The yield curve continued to steepen on a marginal trajectory
for a third consecutive week as yields on durations ranging
from 2 years to 5 years were seen dipping during the week
ending 22 May, while yields on durations ranging from 6 years
to 10 years were seen increasing marginally. - Daily FT
2) The Central Bank has approved the amalgamation of Orient
Finance Plc and Bartleet Finance Plc with the later as the
continuing entity. - Daily FT
Foreign News
1) Asian shares got off to a lacklustre start on Monday, after
rising inflation and a hawkish tone from the U.S. Federal
Reserve Chair rekindled expectations that the Fed is on track to
hike interest rates. - Reuters
2) Crude oil futures edged up on Monday, buoyed by healthy
Asian appetite and demand from the U.S. driving season. Frontmonth
Brent crude prices had gained 2 cents to $65.39 per
barrel by 0312 GMT. U.S. crude prices were up 14 cents at
$59.86 a barrel. - Reuters

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