At the time of writing this article, the treasury has still not communicated to operators the results of its exercises on long maturities indexed on 13 weeks, scheduled today.
On the other hand, we learn that it was able to raise 9.5 billion dirhams on the other lines offered today, including 7.2 billion dirhams over the 26 weeks (-20 bps) and 2.25 billion dirhams on 2 years (+14 bps).
And although accompanied by a rise in the rate, the exercise on the 2-year shows a certain relaxation on the market.
But investors continue all the same to largely favor short maturities since, out of the 22 billion dirhams of bids for the day, more than 19 billion were over the 26 weeks.
