T-bill yields record another increase

TIRANA, April 10 – Treasury bill yields recorded another increase in this week’s auction, proving the poor reflection of the key interest rate cuts. 12-month T-bill yields slightly rose by 0.02 percent to 7.35 percent, continuing their upward trend since mid-November 2011 despite the central bank having lowered the key interest rate by 1 percent to a record low of 4.25 percent in four consecutive interventions since then. Meanwhile, 6-month T-bill yields remained unchanged at 6.2 percent. Albania’s central bank auctioned 17.5 billion lek in this week’s auction, of which 10.5 billion lek in 12-month T-bills.
The Bank of Albania organizes 3-month and 6-month T-bill auctions every month and 12-Month T-Bill auctions every two weeks. T-bills are issued and guaranteed by the Ministry of Finance on behalf of the Albanian government.