Overnight repo rates continued their downward trend, having crossed the lower boundary of the base rate and amounted to 12.80% by the end of the week. TRION moved within the range of 12.80%-13.07% during the week, settling at 12.80% on July 8 – the same as TONIA. Similar to the overnight repo indicators, TWINA crossed the lower limit of the base rate corridor settling at 12.98% on Tuesday and then at 12.29% on Friday.

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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.