As reported by the Times of Malta the ECB announced its weekly
main refinancing operations (MRO) on Monday 11th May.
The auction that happened on Tuesday 12th May accepted
bids from eligible counter-parties in the Eurozone and attracted
€90.62 billion, €4.61 billion lower than the previous
week.
The amount was allotted in full, in line with ECB policy, at the
same fixed rate of the prevailing MRO of 0.05 per cent. On
Wednesday 13th May, the ECB conducted another funding operation
through collateralised lending in conjunction with the US Federal
Reserve, at the fixed rate of 0.63 per cent. This did not attract
any bids from eligible counterparties within the eurozone.
With regards to the domestic primary market for Treasury bills,
the Treasury called for tenders for 91-day and 181-day bills
maturing on 14th August and 12th November respectively. For the
91-day bills, the Treasury accepted accepted €1.5 million out
of the €15.5 million submitted and €3.5 million out
