Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Rate of return on Armenian Government bonds grows

YEREVAN, June 21. /ARKA/. Developments in Armenia’s financial market in the past few months has pushed return rates on government securities by 1 percentage point up, Orakarg (Agenda) newspaper says in its today’s issue.

It says the cost of short-term borrowing was particularly influenced by the depreciation of the Armenian national currency by 6% over the last 45 days. As a result, in May the average rate on short-term government bonds rose by 0.03 percentage points to 13.3%, up from 12.45% from a year earlier.

The return rate on medium-and long-term government securities has risen too, it says. Thus, the weighted average yield on long-term government bonds auctioned on June 14 was 16.37%, up from 15.38% in February.

The newspaper writes that unlike the increase in the cost of short-term borrowings which is primarily due to the depreciation of the national currency, the increase in rates of return on medium-and long-term government securities is y due to negative expectations of the banks about future market conditions. It says if the current macroeconomic situation keeps on, the rates of return are likely to continue growing as well. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img