Monday, May 23 2011 16:02
Yield of government bonds in securities market up 1-2% in April
ArmInfo. The yield of the government bonds in the securities market grew by 1-2% in April, the press service of the Central Bank of Armenia told ArmInfo.
According to the source, in the primary market the average yield of government bonds with up to 1-year maturity grew in April by 2.01 percentage points as compared with March and totaled 9%. The average yield of the government bonds in the market of repo transactions rose by 1 pct points to 9.3%, and by 0.4 pct points to 8.3% in the interbank market of repo transactions.
In the currency market the average market exchange rate of AMD against USD devaluated by 1.4% to 373.6 AMD/1USD, against EUR – by 4.6% to 540.9 AMD/1 EUR, against RUR - by 2.9% to 13.3 AMD/ 1RUR.
On May 10 2011 the CBA Board took a decision to retain the refinance rate at 8.5%, in compliance with which, the interest rates for Lombard repo and attracted funds were also retained at 11.5% and 5.5% respectively.
To note, in Q1 2011 the market of government bonds demonstrated yield decline: in the primary market the average yield of the government bonds with up to 1-year maturity dropped by 1.2 pct points to 7.9%, and that of mid-term government bonds - by 0.68 pct points to 13.7%.
In the currency market the average market exchange rate of AMD against USD rose by 1.48% to 366.14 AMD/$1, against EUR - by 2.1% to 500.96 AMD/1 EUR, against RUR - by 6.25% to 12.53 AMD/1 RUR. On April 12 the CBA Board raised the refinance rate from 8.25% to 8.5%.
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