Mon - Fri: 9:00 - 17:30
Sat-Sun Closed
+356 21244895
Phone
55/1 Giuseppe Calì Street XBX1425 Ta' Xbiex Malta

News

Malta: Money market report for the week ended May 8

Pin It

TimesofMalta Rapporto sul mercato monetario per la settimana conclusa l8 maggio 1ECB monetary operations

On May 2, the European Central Bank announced the seven-day main refinancing operation (MRO). The operation was conducted on May 3 and attracted bids from euro area eligible counterparties of €549 million, €171.50 million less than the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of zero percent, in accordance with current ECB policy.

On May 4, the ECB conducted the seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $222 million, which was allotted in full at a fixed rate of 1.10 percent.

Domestic Treasury Bill Market

In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day and 273-day bills for settlement value May 5, maturing on August 4, 2022, and February 2, 2023, respectively. Bids of €52.50 million were submitted for the 91-day bills, with the Treasury accepting €42.50 million, while bids of €14.50 million were submitted for the 273-day bills, with the Treasury accepting €12.50 million. Since €37 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €18 million, standing at €827.40 million.

The yield from the 91-day bill auction was -0.298 percent, decreasing by 0.4 basis point from bids with a similar tenor issued on April 28, representing a bid price of €100.0754 per €100 nominal. The yield from the 273-day bill auction was -0.255 percentincreasing by 6.4 basis points from bids with a similar tenor issued on March 24, representing a bid price of €100.1937 per €100 nominal.

During this week, there was no trading on the Malta Stock Exchange.

On May 10, the Treasury invited tenders for 91-day and 182-day bills maturing on August 11 and November 10, respectively.

 

TM logo

ARTICLE WRITTEN BY TIMES MALTA

FOLLOW THE UPDATES ON THE TIMES MALTA

Image
Image
Image
Image
Image
Image
Image
Image
Image
© Copyright 2022 MALTESE ITALIAN CHAMBER OF COMMERCE. All Rights Reserved.