The yield rates for the maturities of the primary curve affected by this week’s lifting recorded an increase, according to the “Fixed Incom Weekly” note from BMCE Capital Global Research (BKGR) which covers the period from April 6 to 12. fluent.
“During this week, the Treasury carried out collections on the 26-week, 52-week and 5-year lines for respective amounts of 150 million dirhams (MDH), 3.25 billion dirhams (MMDH) and 100 MDH, at the limit rates of 3.1800%, 3.6557% and 4.2507%, these operations led to increases in rates of 1 bp to 3.180% over the 26 weeks, 9 bps to 3.542% over the 52 weeks and 15 pbs at 4.251% over the 5 years”, indicates the same source.
Regarding secondary rates, the greatest variations were recorded on the 26-week and 2-year lines, which fell by 5.6 bps and 6.4 bps respectively, while those of 20 years and 30 years increased by 4.1 bps each.
He added that as April’s deadlines approach, the Treasury is continuing for the second consecutive session its short-term fundraising in order to honor its deadlines scheduled for the end of the month, noting that its additional need for compared to the budget announced for this month does not exceed 1.8 billion dirhams.
LNT with MAP
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