Money Market Report for the week ending 6 October
ECB Monetary Operations
On 2 October, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on 3 October and attracted bids from euro area eligible counterparties of €3.25bn, €0.96bn lower than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.00%, in accordance with current ECB policy.
On 4 October, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $0.04bn, which was allotted in full at a fixed rate of 1.66%.
Domestic Treasury Bill Market
In the domestic primary market for Treasury bills, no auction was held by the Treasury. Since €18m worth of bills matured during the week, the outstanding balance of Treasury bills now stands at €111.4m.
During the week under review, there was no trading on the Malta Stock Exchange.
This week there will be no auctions for Treasury bills.