Attijari Global Research (AGR) in its latest “Weekly Rate” note for the week of February 19 to 25 forecasts a continuation of the downward trend in rates during the month of March 2021.

The downward trend in bond yields is expected to continue during the month of March 2021. “Taking into account the resilience of investor demand for BDT coupled with moderate raising by the Treasury on the domestic market, we expect a continuation of the downward trend in rates during the month of March 2021”, indicates AGR in its latest “Weekly Rate” note for the week of

The first auction session in March was characterized by a continued downward movement in the primary bond curve, mainly in the long-term segment, AGR said, noting that 10-year and 20-year maturities fell by 4 basis points (PBS) and 7 PBS respectively.

AGR analysts point out that the Treasury has subscribed almost 3 billion dirhams (MMDH). The rates of return for the rest of the primary maturities remained unchanged compared to last week, adds the