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Jordan sells USD 106mn one-year T-bills, yields fall

February 11, 2014

Jordan's central bank issued JOD 75mn (USD 106mn) worth of 12-month T-bills in the second such issue in 2014. The papers lured JOD 147.1mn in offers and mature on Feb 10, 2015. The average investment yield retreated to 3.675% from the 3.850% offered at the previous such sale held on Jan 22.

On January 20, the CBJ reduced its key interest rates by 25bps. The CBJ's deposit window interest rate now stands at 3.25% (down from the previous 3.50%) and the repo rate was cut to 4.00%. The rediscount rate was reduced to 4.25%.

The net domestic public debt (gross outstanding domestic public debt minus government deposits in banks) rose 1.8% ytd to JOD 11.86bn at end-November, comprising 49.4% of the full-year GDP. The reading was lifted by strong domestic debt issuances to meet budget needs, mainly those of the utilities sector.  

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Source: IntelliNews - Weekly Reports

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