The average yield on a 6-month T-bills issue of 25 January 1999 rose to 24.72%. The placed volume fell far short of the KZT 400m (USD 4.7m) target. It only reached KZT 50m (USD 0.59m). This might be because asset management companies, who are the main investors in these papers, did not have free money at the end of month due to their cash inflow schedules. On the other hand, banks seem to show no interest in these papers at the current prices.

Unlike medium-term papers, short-term papers continue to be popular. The 222^nd auction of 3-month T-bills on the following day was a success. It was doubly oversubscribed and the Finance Minister placed KZT 674.7m (USD 7.95m) instead of the planned KZT 500m. Meanwhile, the average yield stayed unchanged at 24.0%.

The Finance Ministry, therefore, ended the fifth calendar week with the following results. It raised KZT 724.7m (USD 8.54m) though it planned to place KZT 900m (USD 10.6m) and to pay back KZT 1,517.8m (USD 17.8m)