Buoyed by the relaxation of short term yields and a monetary policy that is still accommodative, the Moroccan bond market should continue to flatten in the short term. The information was announced by BMCE Capital Global Research (BKGR

In a recent “Fixed Income Weekly” note, BKGR indicated that the Treasury, which is fine-tuning its raising in a context of contained inflation and a controlled need for financing, should continue to benefit from this orientation. The note indicates that during the last auction, the Treasury raised a total amount of 2.91 billion dirhams (MMDH), during the period from July 31 to August 6, or 65% of the initially proposed amount of

According to BKGR, this raise concerned the deadlines of 52 weeks and 2 years with respective limit rates of 2.0529% and 2.2545% and resulted in an increase in the primary rate of +1 basis point (pbs) for the line at 2 years and a decrease in the primary rate of -1 pbs for the line at 52 weeks.