The treasury mobilized 3.2 billion dirhams on the financial market during the October 19 auction, conceding a significant rise in rates to be able to finance itself.
This session, reserved for short-term maturities, saw a demand of 4.78 billion dirhams from investors. The treasury raised 3.2 billion, exclusively on the 13 weeks, at a weighted average rate which now exceeds 2% (up to 2.4% on certain lines), which represents increases of between 42 and 54 points of basis according to the lines.
This session follows two blank weeks where the treasury preferred not to finance itself in the face of investors who were extremely demanding in terms of the rates offered.
