Yields on Romanias 12-month T-bills stabilise at around 5.3%.

By bne IntelliNews March 20, 2012
Romania's Treasury sold another issue of 12-month T-bills earlier this week as the average yield edged marginally up to 5.31% from 5.27% last week, indicating a stabilisation of the local currency yields after several months of decrease. On the secondary market, the 12-month government debt paper was traded accordingly at 5.15/5.54% or 15-20bps up on the week after yields bottomed out in mid-March. This week's 12-month issue on the primary market was sold at the initially planned size of RON 1bn (EUR 228mn) although banks placed orders for RON 2.6bn, confirming they have large amount of resources in their vaults. The yields on the government's 12-month T-bills issues on the primary market stood at above 6.5% at the end of last year since when they have dropped abruptly, prompted by the cut in the monetary policy interest rate to current 5.5% from December's 6.25%. The yield on the 12-month bills used to be above the monetary policy interest rate but decreased even below it now after the central bank repeated the rate cuts.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss