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February 22, 1999
Primary Auctions
The average yield on 6-month T-bills has been 24.69% for three auctions in a row. The placed volume at the latest auction on 15 February didn't change much either. The Finance Ministry raised KZT 512.2m (USD 6.01m) instead of the planned KZT 400m.
Latest issues of 6-month T-bills
102 |
12.08.99 |
89.01 |
24.69 |
103 |
19.08.99 |
89.01 |
24.69 |
Compound Yields vs. Volumes at Primary Auctions of 6-month T-bills
The latest auction of 3-month T-bills on 9 February was almost twice oversubscribed. Given the decreased rate of Tenge devaluation, the yields offered by the Finance Ministry on these papers seem attractive to banks. The placed volume totalled KZT 915.1m (USD 10.7m) and the average yield held at 23.95%.
Therefore, at the end of the 8th calendar week, the Finance Ministry raised KZT 1,427.3m and it paid back KZT 1,248.9m. The balance remains positive as it was a week ago. (IRBIS)
Latest issues of 3-month T-bills
224 |
13.05.99 |
94.35 |
23.95 |
225 |
20.05.99 |
94.35 |
23.95 |
Compound Yields vs. Volumes at Primary Auctions of 3-month T-bills
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