News | Wednesday, 25 November 2009

Domestic Treasury Bill Market

In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day bills maturing on February 19, 2010. Bids for €30.67 million were submitted, with the Treasury allotting €1.96 million. Since €17.48 million worth of bills matured during the week, the outstanding balance of Treasury bills decreased by €15.52 million to €548.33 million.
The yield resulting from the auction was 1.429 per cent, i.e. 0.5 basis points less than that on bills with a similar tenor issued on November 13, 2009. The latest yield represented a bid price of 99.6401 per 100 nominal.
On Tuesday the Treasury invited tenders for 91-day bills maturing on February 26, 2010 and 182-day bills maturing on May 28, 2010.
Treasury bill trading on the Malta Stock Exchange amounted to €3.09 million during the week, with €1.58 million trades being conducted by the Central Bank of Malta in its role as market maker and €1.50 million trades being conducted by other brokers. Off-exchange transactions amounted to €1.20 million.

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