Selected Market Statistics Auction Results June 18, 2016

Author(s): Central Bank Of Barbados

Created 21 Jun, 2016
Categories Selected Market Statistics
Views: 2701
This bulletin provides selected market statistics on the most recent Treasury Bill (T-bill) auction and liquidity in the banking system2. In addition, an updated notional yield curve as at the last issue date and the relative indicative yields at the end of the previous quarter, are included to provide market guidance on the general direction of domestic interest rates. Given the under-developed secondary market in Barbados, market prices and yields for securities issues across the full maturity spectrum are not readily available. Therefore, to estimate a notional yield curve the coupon rates for the respective issues are employed as proxies for yields. An interpolation technique was used to derive interest rates for tenures where no Government securities were outstanding. This process also generates a smooth notional yield curve.

Selected Market Statistics_Auction Results June 18, 2016.pdf (414.16 KB)
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