TIRANA, Oct 12 /ATA/ – Albania’s Finance Ministry bid two billion lek worth of ten-year Treasury notes at an average yield of 7.48%, whereas the total demand was estimated at 931 million lek at the latest auction of the government securities held by the Bank of Albania a day ago.
The central bank’s decision to raise the key interest rate has driven further increase of yields on short-term government securities.
The yields on the government securities have increased to a maximum of 10% in the last three months.
According to central bank, the six-month Treasury Bills were issued at an average yield of 3.83%, up by around 1% compared to the previous action in the end of August.
The finance ministry also sold 1.15 billion leks worth of six-month T-bills with a maturity date of April 13, 2023. Some 100 million leks worth of the offer was reserved for the central bank.
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