Fixed Income June 2016 - Primary issuance at YTD high with strongest demand for 5Y bonds
  • 2016-06-23T17:52:19
  • Fixed Income
High winning-to-offering ratios of 5Y bonds indicated strong demand for this term. As of mid-June, the Government completed nearly 80% of the full-year target with 5Y-bond issuance already exceeding its plan for the whole year. Trading activity on the secondary market was also the most dynamic since the beginning of the year. Short-term bond yields continued to be in downtrend because of high bank liquidity.