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November 9, 1998
Primary Auctions
The average yield on 6-month T-bills rose from 20.02% at the previous auction on 26 October to 20.14% on 2 November. Although they had a modest targeted volume of KZTS 400m (USD 4.9m), the Ministry of Finance only managed to place KZT 175m (USD 2.14m).
Latest issues of 6-month T-bills
86 |
15.04.99 |
91.11 |
19.51 |
87 |
29.04.99 |
90.91 |
20.02 |
88 |
06.05.99 |
90.85 |
20.14 |
Compound Yields vs. Volumes at Primary Auctions of 6-month T-bills
At the latest auction
of 3-month T-bills held on 3 November, the average yield increased to 21.50%. Although the
auction was oversubscribed 1.55 times, the placed volume of KZT 485m (USD 5.94m) didn't
much exceed the planned amount of KZT 400m.
Latest issues of 3-month T-bills
206 |
14.01.98 |
95.24 |
19.99 |
207 |
28.01.99 |
95.21 |
20.12 |
208 |
04.02.99 |
94.90 |
21.50 |
Compound Yields vs. Volumes at Primary Auctions of 3-month T-bills
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