Friday, September 16 2011 20:29

Drop in yield on Armenia's securities market


ArmInfo. In Aug the yield on Armenia's primary and inter-bank securities markets dropped.

According to the press service of the Central Bank of Armenia, on the repo market the average yield dropped by 1.03% to 9.54%, on the inter-bank repo market - by 0.79% to 9.17%. On the primary market the average yield of short-term government bonds dropped by 0.9% to 7.79%.

According to the source, the foreign exchange market fixed 0.29% AMD devaluation against USD to 367.07 AMD/1 USD, 0.56% AMD devaluation against EUR to 526.45 AMD/1 EUR, and 3.22% AMD revaluation to 12.74 AMD/1 RUR.

To note, on 6 September 2011 the Board of the Central Bank of Armenia decided to reduce the refinancing rate to 8%. The lombard repo rates and the attracted deposit rates made up 11% and 5% respectively.
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