Daily Insight -- Auction schedule for 2Q17

​In 2Q17 the MoF will continue to offer bonds each Tuesday, except for two weeks in May during public holidays. In general, the MoF's view on bond offerings will be the same as in 1Q17, but with slight changes. The MoF will not offer 3-month and 9-month bonds, which saw rare demand in low amounts. The baseline of offerings will be 6-month and 12-month bonds, which will be offered each auction, and 2-year bonds which will be offered every other week. 3-year bonds will be offered three times, once in April and twice in June. Also, the MoF will offer USD-denominated bonds once in May with a 3-year maturity.