Cash Market Report for the week ended February 26

ECB financial operations

On February 22, 2021, the European Central Financial institution introduced the seven-day Essential Refinancing Operation (MRO). The transaction was accomplished on February 23 and attracted bids from eligible eurozone counterparties for 622 million euros, or 163 million euros greater than the earlier week. The quantity has been allotted in full at a hard and fast price equal to the prevailing MRO price of zero p.c, in accordance with present ECB coverage.

On February 24, the ECB proceeded with the longer-term three-month refinancing operation to be unwound within the type of a hard and fast price tender process with full allocation, the speed being fastened on the MRO price. common over the length of the operation. The transaction attracted € 30 million in presents from eligible euro space counterparties.

Additionally on February 24, the ECB carried out the seven-day, 84-day US greenback funding operations by secured loans at the side of the US Federal Reserve. The seven-day US greenback transaction attracted bids of $ 45 million, which was allotted in full at a hard and fast price of 0.32 p.c. The 84-day US greenback transaction attracted bids of $ 14 million, which was additionally allotted in full at a hard and fast price of 0.32 p.c.

Inside marketplace for treasury payments

Within the nationwide major treasury invoice market, the Treasury issued tenders for 91-day payments and 182-day payments for settlement worth on February 25, maturing on Could 27 and August 26. respectively. Bids of € 113 million have been made for 91-day payments, with the Treasury accepting € 27.50 million, whereas presents of € 97.50 million have been made for 182-day payments , the Treasury accepting 2.50 million euros. As 20 million euros in treasury payments matured throughout the week, the excellent quantity of treasury payments elevated by 10 million euros to 746.75 million euros.

The public sale yield for the 91-day payments was -0.470 p.c, down 1.2 foundation factors from the same-grade bids issued on February 11, or a bid worth of € 100.1189 for € 100 nominal. The public sale yield for the 182-day payments was -0.480%, down 0.8 foundation level from the identical grade bids issued on February 18, or a bid worth of € 100.2433 per 100 Nominal €.

Throughout the week below assessment, there was no buying and selling on the Malta Inventory Alternate.

At this time, the Treasury will problem a young for the 91-day payments and 182-day payments maturing on June 3 and September 2, respectively.

Impartial journalism prices cash. Occasions of Malta assist for the worth of a espresso.

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