The Treasury Borrowed 89.8 Billion TL Through Two Bond Auctions

The Treasury Continues Its Domestic Borrowing Auctions in January

The Ministry of Treasury and Finance has taken an important step in the first phase of its domestic borrowing calendar for January, with a total borrowing of 36.18 billion TL.

High Interest in 4-Year Bonds

Investor interest in the auctions focused on the 4-year paper. The Treasury achieved a net sale of 29.4 billion TL for this bond, resulting in a compound interest rate of %18.77.

10-Year Benchmark Bond Auction

On the other hand, in the auction for the 10-year benchmark bond, the net sale was 6.78 billion TL, with the interest rate set at %29.09.

Market Makers and Sales to the Public

Before the first auction of the 4-year TLREF-indexed government bond, the Treasury borrowed a total of 53.6 billion TL together with market makers. In response to a bid of 76.8 billion TL from market makers, 23 billion TL was sold; meanwhile, a total of 22.1 billion TL was sold to the public.

Additionally, in the auction of the 10-year fixed-income government bond, 8.5 billion TL was sold against a bid of 20.8 billion TL from market makers; however, no sales were made to the public for this bond.