Weekly Money Market Wrap

Repo rates keep forming closer to the upper boundary of the base rate

TONIA moved within the range of 13.95-14.05% with a narrower spread of 10 bps than the week before (54 bps on April 11-15). Daily average transaction volumes amounted to KZT778.96 bn reflecting a drop of 17.37% since last week (KZT942.72 bn on April 11-15).

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Tengri Partners offers both local and international clients unlimited access to Kazakhstan’s money-market instruments including the repo market of up to 28 days, notes issued by the National Bank of Kazakhstan of up to 6-months and sovereign bonds of up to 1-year.