 |
Home | Asset Prices | News & Global Markets | Research | Search |
 |
August 17, 1998
Primary Auctions
The average yield on a 3-month T-bill issue rose to 17.54% at an auction held on August 11. No bids from non-residents were reported.
Latest issues of 3-month T-bills
196 |
05.11.98 |
95.97 |
17.23 |
197 |
12.11.98 |
95.80 |
17.54 |
Compound Yields vs. Volumes at Primary Auctions of 3-month T-bills
Dealers and their clients, encouraged when the refinancing rate increased from 18.5% to 20.5%, speculated for the fall at an auction of 12-month T-bills held on August 10. However, the Ministry of Finance chose to underplace the planned volume of KZT 700m (US $9m) but to stick to the previous average yield. Non-resident bids totalled KZT 150m (US $1.93m) but did not materialise.
Latest issues of 12-month T-bills
| Issue | Maturity |
Average
Price KZT |
Yield to Maturity (%) |
26 |
15.07.99 |
84.72 |
18.04 |
27 |
12.08.99 |
84.72 |
18.04 |
Compound Yields vs. Volumes at Primary Auctions of 12-month T-bills
Kazakhstan Weekly News is also available free of charge on E-mail. To subscribe via E-mail, please contact us on Lydia@kazks.kz or Madina@kazks.kz.
| Home | Asset Pricing | News & Analysis | Research | Related Sites | Table of Contents | Search We welcome your comments, opinions,
and submissions to EMC. Copyright ©
1996-2000, The Emerging
Markets Companion, and/or its licensors. All Rights Reserved. The
information herein was obtained from sources which The Emerging Markets Companion, Inc.
and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the
information, nor any opinion expressed, constitutes a solicitation of the purchase or sale
of any securities or commodities. Please
read our full disclaimer. |