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On October 15, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on October 16 and attracted bids from euro area eligible counterparties of €7.86 billion, €0.56 billion higher than the bid aMoney market report for week ending October 19
On October 15, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on October 16 and attracted bids from euro area eligible counterparties of €7.86 billion, €0.56 billion higher than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of zero per cent, in accordance with current ECB policy. On October 17, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $0.08 billion, which was allotted in full at a fixed rate of 2.69 per cent. Domestic Treasury bill market In the domestic primary market for Treasury bills, the Treasury invited tenders for 28-day and 91-day bills for settlement value October 18, maturing on November 15 and January 17, 2019, respectively. Bids of €40 million were submitted for the 28-day bills, with the Treasury accepting €15 million, while bids of €55 million were submitted for the 91-day bills, with the Treasury accepting €21 million. Since €31 million worth of bills matured during the week, the outstanding balance... Read more