On July 17, 2019, the average weighted yield of 160-day government securities in electronic trading at the Uzbekistan Republican Currency Exchange made 12.72%.
For information: On December 26, 2018, the average weighted yield of government securities for the six-month period was 14.15%.
Orders totaling to the amount of 202.1 billion UZS were received for the purchase of government securities with a nominal value of 200 billion UZS at the auction.
As a result of the auction, yield of short-term state securities is lower than annual inflation rate (13.6%), indicating a high demand for high-liquidity and guaranteed financial instruments with minimal risk in national currency.
At the auctions held on July 5-12, 3-year government securities’ yields were 10.11% and 10.41%, respectively, partly due to changes in the mid-term expectations of inflation and the liquidity level in the banking system.
In the future, government securities will be issued within the limits set by the Ministry of Finance for the emission of government securities based on the effective management of domestic debt and the development of local financial markets.