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Morocco: The treasury exceeds its monthly requirement according to the AGR

22/11/2021
Categories: Index/Markets

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In its recent weekly note (November 12-18) "Weekly Hebdo Rate-Fixed income", Attijari Global Research (AGR) announces that the treasury exceeds its monthly requirement.

The Treasury exceeds its monthly need announced at the beginning of November by 9%. The subsidiary of Attijariwafa Bank indicates that "one week before the end of November, the Treasury exceeds by 9% its monthly need announced at the beginning of the month of 12.3 billion dirhams, i.e. a cumulative lifting of 13.4 billion dirhams ".

Concerning this auction session, the treasurer of the State subscribes on the domestic market 2.2 billion dirhams, faced with a request of 3.6 billion dirhams, specifying that the satisfaction rate thus stands at 60%. At the level of the BDT secondary market, the evolution of interest rates is mixed. The 52-week and 15-year maturities rose by 2 PBS each, while the 30-year maturity fell by 2 PBS to 3.27%.

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