(2020) BRH treasury bills (Bons BRH): weekly outstanding stock and interest rates
Summary — A weekly BRH table (Bons BRH - Situation Consolidee) tracking treasury bill auctions, outstanding stock, and interest rates from 2 September to 18 November 2020, in millions of gourdes. It breaks down issuances, outstanding amounts, and bills maturing by tenor (7, 28, 91, 182 days).
Key Findings
- Treasury bill auctions were inactive (zero servi/subscriptions) from 2 September through 28 October 2020, then resumed on 4 November 2020.
- Outstanding stock of Bons BRH rose from 0.0 to 4,020.0 million gourdes between 4 November and 18 November 2020.
- By 18 November 2020, nominal interest rates stood at 4.00% (7-day), 6.00% (28-day), 10.00% (91-day), and 0.00% (182-day, no issuance).
- The repo rate on Bons BRH (mise en pension) held constant at 17.00% throughout the period.
- Number of bidders rose from 4 to 5 as auction activity resumed in November 2020.
Full Description
This is a recurring BRH (Banque de la Republique d'Haiti) statistical table titled 'Bons BRH - Situation Consolidee', produced by the Direction Controle de Credit, presenting a weekly consolidated view of treasury bill (Bons BRH) auction activity across 12 weeks from 2 September 2020 to 18 November 2020. For each week it reports issuances, total subscriptions served and cancelled, the outstanding stock of bills by tenor (7, 28, 91, and 182 days), bills approaching maturity, the number of bidders, issuance discounts, and effective interest earned. Auctions were dormant (zero activity) from early September through late October 2020, then resumed on 4 November 2020, with the outstanding stock of bills reaching 4,020.0 million gourdes by 18 November 2020 (1,850.0M in 7-day bills, 250.0M in 28-day bills, and 1,920.0M in 91-day bills).