Attijari Global Research (AGR) announced that the Treasury raised 40 billion dirhams (MMDH) during the month of January. However, the announced funding requirement is 22.8 billion dirhams over the same period. A completion rate that exceeds 177% is thus noted.

AGR indicated in its “Weekly Fixed Income Rate” note for the week of January 20 to 26 that the last auction session in January was characterized by a fall in short-term rates on the primary curve. For him, the rates of return for maturities 13 and 52 weeks fell, respectively, by 12 and 4 basis points (bps) in one week.

For its part, Bank Al-Maghrib (BAM) is continuing its intervention in the secondary market by organizing a 3rd tender for the purchase of Treasury Bonds (BDT) on 23 January. It recorded a request for 200 million dirhams (MDH) completely satisfied by BAM, with an average maturity of nearly 6 months.