Treasury Bond Auction Overview
On February 17, the Treasury conducted a bond auction, securing 4.5 billion dirhams. This issuance attracted a robust demand of 17.07 billion dirhams, as reported by the Directorate of Treasury and External Finance.
Details of the Issuance
The auction included bonds with maturities of 52 weeks and 2 years, with allocations of 1.35 billion dirhams and 3.15 billion dirhams, respectively.
Yield Trends
The yields for the 52-week and 2-year bonds were set at 2.319% and 2.543%, respectively. Compared to previous rates, this auction demonstrated a notable easing in yields.
Specifically, there were negative spreads of 8.1 basis points for the 52-week bonds and 18.9 basis points for the 2-year bonds, indicating a downward trend in the short end of the yield curve.
Settlement Date
The settlement for the subscribed bonds is scheduled for February 23, 2026, as confirmed by the Directorate of Treasury and External Finance.
