Regional sovereign Eurobond market: TURKEY 26 was the best performer in Mar-24, with yield decreasing 27.8bps.
Georgian corporate Eurobond market: Silknet 27 was the best performer in Mar-24, with yield decreasing 11.0bps.
Georgia money market: In Mar-24, GEL 265.4mn treasury notes and GEL 40mn treasury bills were sold. Interest rates decreased further on all instruments m/m. The weighted average interest rate on 10-year notes was 7.997%, 5-year notes was 7.978%, on 2-year notes was 8.146%, on 1-year instrument was 8.158%, and it came in at 8.293% for 6-month instruments. Notably, non-residents’ treasury holdings increased by 17.9% m/m to GEL 276.4mn and the share of non-residents in total outstanding holdings stood at 3.3% (+0.4ppts m/m) in Mar-24.
