The state treasury's debt decreased by 0.8% in monthly terms to PLN 841.21bn at the end of October of 2013 (and was up by 6.0% ytd vs. growth of 2.9% in entire 2012), according to the data of the ministry of finance. In euro terms, it stood at EUR 201.41bn (+0.2% m/m, +3.7% ytd), while in U.S. dollar terms - at USD 275.74bn (+1.6% m/m, +7.7% ytd). Domestic debt amounted to PLN 585.61bn (-0.7% m/m, +7.9% ytd), or EUR 140.21bn (+0.2% m/m, +5.6% ytd). Foreign debt stood at PLN 255.59bn (-0.9% m/m, +1.9% ytd), or EUR 61.20bn (0.0% m/m, -0.3% ytd). The ministry kept its debt in Treasury bills at zero, while the debt in T-bonds issued on the domestic market inched down by 0.6% m/m to PLN 566.69bn (or rose by 0.3% m/m to EUR 135.68bn ). The ministry also noted that interest rate risk measures of the State Treasury debt deteriorated since the beginning of 2013: the average time to refixing (ATR) of this debt decreased from 4.30 to 4.10 years and duration decreased from 3.81 to 3.68 years.
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