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August 31, 1998
Primary Auctions
At last week's auction
of T-bills, the Ministry of Finance made attempts to support the average yields of its securities but with only limit success. The average yield on a 3-month T-bill issue increased to 18.85% at an auction held on August 18.Latest issues of 3-month T-bills
198 |
19.11.99 |
95.59 |
18.45 |
199 |
26.11.99 |
95.50 |
18.85 |
Compound Yields vs. Volumes at Primary Auctions of 3-month T-bills
The average yield on the latest 6-month T-bill issue increased to 18.99% at an auction on August 24. The declining trade volumes reflect the Kazakhstani bank's strategy to keep long dollar positions rather than hold government securities.
Latest issues of 6-month T-bills
78 |
18.02.99 |
91.62 |
18.29 |
79 |
25.02.99 |
91.33 |
18.99 |
Compound Yields vs. Volumes at Primary Auctions of 6-month T-bills
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