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G&T Team
ResearchResearch Reports Regional Fixed Income Market Watch, January 2024

Regional Fixed Income Market Watch, January 2024

Regional sovereign Eurobond market: UZBEK 24 was the best performer in Jan-24, with yield decreasing 118.5bps.

Georgian corporate Eurobond market: Silknet 27 was the best performer in  Jan-24, with yield decreasing 8.6bps. 

Georgia money market: In Jan-24, GEL 314.7mn treasury notes and GEL 90mn treasury bills were sold. Interest rates decreased on all instruments m/m.  The weighted average interest rates were as follows: 8.343% for 10-year notes, 8.346% for 5-year notes, 8.292% for 2-year notes, 8.857% for 1-year instruments, and 8.947% for 6-month instruments. Notably, non-residents’ treasury holdings remained unchanged at GEL 234.0mn and the share of non-residents in total outstanding holdings stood at 2.9% in Jan-24.