Summary of transactions in financial markets of RA by AMBERD Research Center

ASUE AMBERD Research Center has summarized transactions in financial markets of RA during September.

According to the summary, during September CBA has mainly used liquidity reducing instruments. As liquidity increasing instrument were only used weekly repos - with volume of 8 bln AMD. Like August, Central Bank hasn’t  implemented purchase of government bonds, but attracted deposits of 610.7 bln AMD.

The USD exchange rate mostly had  falling trend during the month - for buy and sell prices decreasing by 0.08%. EUR and RUR demonstrated growing trends – accordingly increasing with 1% and 3.3%.

Repo, swap and interbank loan markets also were active. The volume of OTC repo transactions decreased in 11.2%, repo with Eurobonds in 5%. Trading volume in interbank loan market has grown - for AMD loans with 30%, and for USD loans with 57.7%. In swap market, the trading volume with USD has grown with 3.35%. Like previous month, there have not been swap transactions in EUR.

A big activity has been registered both on primary and secondary government bond markets, and interest rates have been falling. As a result short-term bonds yield was 6.7779% at the end of September(at the end of August it was 6.8839%). Yields of medium-term and long-term government bonds were 13.4395% - compared to 13.4444% in previous month.

Trading volume in corporate bond market increased in 3 times, and yields have been decreased, which was related to falling interest rate trends in the markets. Volume in stock market decreased with 98.9% from previous month.

Summary indicators of financial market

Summary indicators of currency market

Summary indicators  of monetary policy of CBA

Situation and development of financial markets in September 2017 /monthly overview/.

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