2023-05-25 19:46:29
Expectations are changing at high speed on the bond market, while more and more investors are predicting an accelerated slowdown in inflation, and therefore a peak in BAM’s restrictive policy.
This Thursday, many of them were willing to exchange with the Treasury Treasury bonds with short maturities, and therefore less risky in the current context, once morest long-term bonds. Demand reached 20 billion dirhams according to the operators, including 8.5 billion dirhams over 15 years. The Treasury thus took the opportunity to recover short-term securities held by investors for 20 billion dirhams, thus extending the life of its portfolio which had shrunk considerably in 2022.
This session is a new signal that confirms that the rates market seems to have found a balance, thus offering increasingly interesting entry points to institutional investors who had fled this asset class for the last 10 months.
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