Bond Market Insight -- Bond yields unchanged
The MoF continued to borrow money to support the budget with additional funds, as needed at the beginning of the year, albeit at unusually high interest rates, mostly at 16.00%. Most of yesterday's demand for short-term yields was submitted at 16.00%, similar to previous auctions, and was fully accepted, while a small portion of demand for 9-month bonds at the same rate was rejected.
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