Bonds’ interests increase since in the first auction for 2015

Bank of Albania has announced that bond interests increased since their showcase in the first auction for 2015. According to the Central Bank in the previous day’s auction were sold 26 billion bonds with maturity of 6 and 12 months from 27.6 billion ALL.

11.2 billion ALL of bond interests were sold during 2014, with an interest 3.51%, from 3.45% that was in the previous auction. For the 3-month bonds, the sold amount of bonds was 13.9 billion ALL with an increased yield increase of 3.23%, from 22.3% that it was in the previous auction.

Despite liberal policies undertaken by Bank of Albania through lowering the interest rate, which has dropped to historic minimum levels of 2.25%, in the first auction this year, the yield of treasury bonds increased. Base rate of appreciation reduced four times in 2014.

News source/photo credits: ATA