During this penultimate contract session for February, the Ministry of Finance on the bond market is 4.7 billion DH and brings the cumulative amount of its monthly taxes to around 10 billion DH. It is in this report that Attijari Global Research (AGR) emphasizes in its last weekly speed that the rest that is raised during the next session is estimated at 2.4 billion DH.
With regard to the characteristics of this session, the demand for a moderate level is 7.0 billion DH, so that according to the AGR, 67%are met. This lifting took place with minor optimistic pressure on the primary rates. The speed of the maturity level rose by 2 or 4 pbs for 52 weeks and 5 years. Light drops of no more than -1 pb were drawn on the secondary curve.
Despite the control of the treasure offer with an average elevation of 4 billion DH since the beginning of the year, the analysts determine the upward pressure on the primary rates, which, according to them, should continue the rest of the T1-25. Originally, the significant needs announced during this period and the current financial investments in the money market under the average financial investment observed in 2024 were announced more than 18 billion DH.
