Morocco's bond market is performing well. The satisfaction rate for the auction session of July 13 stands at 62%, one of the highest of the year 2021, according to Attijari Global Research (AGR).

At the end of the penultimate auction session of July, the cumulative amount of Treasury levies stands at 8.4 billion dirhams. AGR indicates in its weekly note "Hebdo Rates" that at the end of this auction session, the Treasury raises 3.4 billion dirhams (MMDH) against a request of 5.5 billion MAD. Thus, the rate of satisfaction of the session stands at 62%, one of the highest of the year 2021". The Supply / Demand confrontation in treasury bills for this week had a visible impact on the part of the primary curve concerned by this lifting, underlines AGR, noting that the rate of return on the 5-year maturity advances by 6.0 basis points (PBS), those of the 52-week and 15-year maturities each appreciated by 1 bp and the rest of the primary curve remained stable. Taking into account the announced monthly requirement of the Treasury of 10.3 billion dirhams, the remainder to be financed during the next session amounts to 1.8 billion dirhams.