Government securities market dominated by T-bills

TIRANA, May 3 – The secondary market of government securities was dominated by transactions in short-term instruments (T-Bills) at 93.73% and long-term instruments (notes and bonds) at 6.27% for the period during the first quarter of 2011, the Financial Supervisory Authority said in a statement. In terms of the number of transactions, 98.77% of all transactions in the secondary market of government securities were in T-Bills.
Statistical data on the government securities retail market for the period January-March 2011 indicate that the market was dominated by transactions under “Settlement of nominal value at maturity” and “Purchase in the primary market” 45.54% and 28.95% of the total volume, respectively.
Participation in the Government securities secondary market was dominated by individual investors, who performed about 97.40% of all transactions in the market.
B-type transactions, sales from financial intermediary portfolio, decreased by ALL 1,7 billion or 50.05% during the first quarter of 2011 compared with the same period in 2010.
C-type transactions, purchase from individuals prior to maturity, increased by ALL 122.3 million or 17.67% during the first quarter of 2011 year-on-year, coupled by a rise by 33.33% in the number of transactions.
Compared with January-March 2010, there was a rise in the combined absolute total amount of the transactions of B-and C-type, by around ALL 1.6 billion.