Secondary market volume down to 16.1 billion dirhams

BMCE Capital Global Research (BKGR) indicated that over the period August 4-10, the overall volume recorded on the secondary bond market fell to 16.1 billion dirhams (MMDH), against 14.9 billion dirhams a week earlier. .

in its recent note “Fixed Income Weekly”, BKGR specifies that this volume is polarized up to 48% by trading on short-term maturities, while concerning the secondary curve, the greatest variation, during the same period, was fell on the 2-year line (-7.1 basis points to 2.01%).

On the primary market, the Treasury carried out a single exercise on the 26-week line for an amount of 803 million dirhams (MDH) at the limit rate of 1.95%, which firmed up by +19 basis points at the time where the rates offered by investors on long maturities are clearly higher than the levels discussed above.

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