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maltatoday, WEDNESDAY, 4 JUNE 2014 11 Business Today Money Market Report for the week ending May 30, 2014 The rates quoted above are against the EURO. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Regular market closed – 03/06/2014 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change Twap s BOV 14700 31582.000 11 2.150 2.140 2.150 2.140 0.030 2.148 s HSB 9620 20287.300 7 2.110 2.100 2.109 2.110 0.010 2.109 t IHI 1000 790.000 1 0.790 0.790 0.790 0.790 -0.008 0.790 l LOM 110 159.500 1 1.450 1.450 1.450 1.450 0.000 1.450 l LQS 1000 105.000 1 0.105 0.105 0.105 0.105 0.000 0.105 s MIA 600 1355.000 2 2.260 2.250 2.250 2.260 0.010 2.258 s MTP 20000 23000.000 4 1.150 1.150 1.150 1.150 0.030 1.150 s RS2 57611 140204.210 9 2.460 2.410 2.410 2.460 0.030 2.434 s G14B 4659 4782.460 1 102.650 102.650 102.650 102.650 0.040 102.650 t G14C 9318 9354.340 1 100.390 100.390 100.390 100.390 -0.010 100.390 t G15B 13744 14693.710 1 106.910 106.910 106.910 106.910 -0.010 106.910 t G15F 2500 2612.250 1 104.490 104.490 104.490 104.490 -0.010 104.490 t G16B 43078 47252.250 4 109.690 109.690 109.690 109.690 -0.050 109.690 t G17C 50000 55345.000 1 110.690 110.690 110.690 110.690 -0.040 110.690 t G18A 23294 29387.710 1 126.160 126.160 126.160 126.160 -0.020 126.160 s G19A 2330 2903.880 1 124.630 124.630 124.630 124.630 0.100 124.630 s G19EA 10000 10760.000 1 107.600 107.600 107.600 107.600 2.100 107.600 s G20B 5000 5756.000 1 115.120 115.120 115.120 115.120 0.130 115.120 s G21A 24095 28439.330 5 118.030 118.030 118.030 118.030 0.070 118.030 l G22A 15607 18508.340 1 118.590 118.590 118.590 118.590 0.000 118.590 s G22B 176600 199133.930 12 112.780 112.730 112.730 112.780 0.040 112.760 s G24A 8000 8253.600 1 103.170 103.170 103.170 103.170 0.100 103.170 t G28A 59000 65773.200 3 111.480 111.480 111.480 111.480 -0.020 111.480 t G28B 118400 127860.000 7 108.000 107.960 108.000 107.960 -0.020 107.990 t G29A 10000 11452.000 1 114.520 114.520 114.520 114.520 -0.030 114.520 s G30A 362800 419985.520 4 115.840 115.590 115.590 115.840 0.210 115.760 t G31A 27000 30771.900 2 113.970 113.970 113.970 113.970 -0.020 113.970 t G32A 5000 5309.500 1 106.190 106.190 106.190 106.190 -0.020 106.190 t G32BA 5500 5690.550 2 103.510 103.460 103.510 103.460 -0.020 103.460 s BV19B 10000 10257.000 1 102.570 102.570 102.570 102.570 0.010 102.570 l BV20A 5000 5175.000 1 103.500 103.500 103.500 103.500 0.000 103.500 l GC16A 3700 3145.000 1 85.000 85.000 85.000 85.000 0.000 85.000 l MB15A 5000 5000.000 1 100.000 100.000 100.000 100.000 0.000 100.000 ECB Monetary Operations On Monday, May 26, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, May 27, and attracted bids from euro area eligible counterparties of €174.00 billion, €42.05 billion higher 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, May 27, the ECB conducted an auction for a seven-day fixed-term deposit intended to absorb €164.50 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, May 23. 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 €102.88 billion, with the ECB allotting the full amount. The marginal rate on the auction was set at 0.25%, with the weighted average rate at 0.25%. On Wednesday, May 28, the ECB conducted a three-month longer-term refinancing operation to be settled as a fixed rate tender procedure with full allotment, with the rate fixed at the average rate of the MROs over the life of the operation. The auction attracted bids of €10.95 billion from euro area eligible counterparties, which amount was allotted in full in accordance with current ECB policy. Also on Wednesday, May 28, the ECB conducted a six-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 0.60% 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 bills maturing on August 29, 2014. Bids of €19.00 million were submitted, with the Treasury accepting €6.50 million. Since €1.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €5.50 million, to stand at €366.87 million. The yield from the 91-day bill auction was 0.361%, i.e. 1.90 basis points lower than on bills with a similar tenor issued on May 16, 2014, representing a bid price of 99.9088 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 91-day and 182-day bills maturing on September 5 and December 5, 2014, respectively.

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