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| Money
Markets |
On Monday bond market experienced a purchase oriented opening to the day and purchases continued at Tuesday termed transactions with weakening momentum. Bond market stayed parallel with the stock market. Average compound interest rates dropped by 6-8 base points. Treasury's 9 months (182 days) termed reference bond auction resulted with USD 1,32 bn. net sales vs. USD 2,15 bn. purchase proposal from the markets. Auction's average simple and compound interest rates realized at 7,07 % and 7,19 % levels respectively.
Treasury will make 4 years (1610 days) termed once a coupon paid in every six months fixed couponed bond auction at 10th of March. Amount of the demand, net sales and compound interest rates to be formed at the auction will be noted by the financial markets.
New market benchmark, November 16th, 2011 maturity bond's average compound interest dropped to 9,07 % level at the same day termed transactions and rose to 9,06 % level at the next day termed trading. Trading volume realized at USD 1,13 bn. level. January 15th, 2030 maturity Turkey Eurobond's sales price realized at USD 162,15 level.
Average overnight interest rate at The ISE Repo Market realized at 6,49 % and trading volume realized at USD 6,89 bn. level. Annual compound funding cost of borrowing from The Central Bank of Turkey is at 6,715 % level.
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