Issue link: https://maltatoday.uberflip.com/i/296073
maltatoday, WEDNESDAY, 16 APRIL 2014 13 Business Today Money Market Report for the week ending April 11, 2014 The rates quoted above are against the EURO. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Regular market closed – 15/04/2014 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change Twap s 6PM 32000 23396.840 4 0.750 0.705 0.705 0.750 0.045 0.731 s BOV 14601 34337.960 11 2.360 2.340 2.340 2.360 0.030 2.352 s GO 15893 31689.820 4 2.000 1.930 1.930 2.000 0.040 1.994 l HSB 11855 28223.210 4 2.390 2.375 2.390 2.380 0.000 2.381 t MIA 2800 6470.800 1 2.311 2.311 2.311 2.311 -0.009 2.311 s MLT 45200 24618.000 4 0.550 0.540 0.540 0.550 0.010 0.545 t RS2 250 605.000 1 2.420 2.420 2.420 2.420 -0.010 2.420 s SFC 755 2212.910 2 2.931 2.931 2.931 2.931 0.001 2.931 t G14B 30981 32006.470 1 103.310 103.310 103.310 103.310 -0.070 103.310 t G16A 13511 15012.070 1 111.110 111.110 111.110 111.110 -0.130 111.110 t G16B 11181 12256.610 1 109.620 109.620 109.620 109.620 -0.040 109.620 s G18A 32379 40564.410 1 125.280 125.280 125.280 125.280 0.080 125.280 t G19A 9784 12070.520 1 123.370 123.370 123.370 123.370 -0.080 123.370 t G21A 125871 146999.950 3 116.790 116.760 116.760 116.790 -0.040 116.790 t G22A 4659 5480.850 1 117.640 117.640 117.640 117.640 -0.010 117.640 s G28A 44400 48507.000 1 109.250 109.250 109.250 109.250 0.280 109.250 s G28B 118000 125021.000 4 105.950 105.950 105.950 105.950 0.050 105.950 t G29A 2700 3034.530 1 112.390 112.390 112.390 112.390 -0.010 112.390 l G30A 8000 9098.400 1 113.730 113.730 113.730 113.730 0.000 113.730 t G31A 4500 5054.850 2 112.330 112.330 112.330 112.330 -0.260 112.330 t G32A 7000 7332.500 1 104.750 104.750 104.750 104.750 -0.020 104.750 t G32BA 138700 142800.250 7 103.000 102.900 102.900 102.950 -0.050 102.960 s AX24A 276600 286491.860 5 103.580 103.500 103.560 103.580 0.020 103.580 l GF21A 2900 2972.500 1 102.500 102.500 102.500 102.500 0.000 102.500 l IH21A 3600 3717.000 1 103.250 103.250 103.250 103.250 0.000 103.250 l IH23A 4500 4657.500 1 103.500 103.500 103.500 103.500 0.000 103.500 t MC16A 25000 25000.000 1 100.000 100.000 100.000 100.000 -2.000 100.000 l MI17A 40300 40500.270 4 100.500 100.490 100.490 100.500 0.000 100.500 t MS23A 1200 1234.750 2 104.500 102.750 104.500 102.750 -1.750 102.900 l TI20A 2500 2644.000 1 105.760 105.760 105.760 105.760 0.000 105.760 ECB Monetary Operations On Monday, April 7, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, April 8, and attracted bids from euro area eligible counterparties of €104.62 billion, €6.02 billion lower than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.25%, in accordance with current ECB policy. Also on Tuesday, April 8, the ECB conducted a special term refinancing operation with a maturity of 35 days. This attracted bids of €28.02 billion, which was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.25%, also in accordance with current ECB policy. Furthermore on Tuesday, April 8, the ECB conducted an auction for a seven-day fixed-term deposit intended to absorb €172.50 billion. This operation was designed to sterilise the effect of purchases made under the Securities Markets Programme that were settled but had not yet matured by the previous Friday, April 4. The auction was carried out at a variable rate, with euro area eligible counterparties allowed to place up to four bids at a maximum rate of 0.25%. It attracted bids amounting to €192.51 billion, with the ECB allotting €172.50 billion, or 89.60% of the total bid amount. The marginal rate on the auction was set at 0.24%, with the weighted average rate at 0.22%. On Wednesday, April 9, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation was carried out at a fixed rate of 0.58% and once again did not attract bids from euro area eligible counterparties. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day and 182-day bills maturing on July 11 and October 10, 2014, respectively. Bids of €21.00 million were submitted for the 91- day bills, with the Treasury accepting €5.00 million, while bids of €34.00 million were submitted for the 182- day bills, with the Treasury accepting €20.00 million. Since €7.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €18.00 million, to stand at €382.70 million. The yield from the 91-day bill auction was 0.365%, i.e. 1.50 basis points higher than on bills with a similar tenor issued on April 4, 2014, representing a bid price of 99.9078 per 100 nominal. The yield from the 182-day bill auction was 0.662%, i.e. 0.50 basis point lower than on bills with a similar tenor issued on April 4, 2014, representing a bid price of 99.6664 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 92-day and 183-day bills maturing on July 18 and October 17, 2014, respectively.