TBC Research published Weekly Bulletin. According to TBC Research, in December 2019, the share of non-resident holdings of the GEL treasury securities continued to increase and reached 10.0% (+1.9pp MoM) incentivized by the higher GEL interest rates.
The nominal value of these holdings was up to GEL 0.38bn (+30.1% MoM), while the total value of treasury securities reached GEL 3.81bn (+5.0% MoM).
By December 31 of 2019, commercial banks held treasury securities worth of GEL 2.73bn (-2.5% MoM), while the NBG holdings were up to GEL 0.65bn (+32.7% MoM), and other residents holdings reached GEL 0.04bn (+4.6% MoM).
The NBG sold 1-year maturity GEL 70mln Treasury Bills on January 7, 2019. Yield for the T-Bills equaled 9.20% (+0.03pp compared to previous auction).
