Retail investors continue to dominate Treasury holdings and outperform foreigners for a consecutive year, following a change in trend in August last year.
This is reflected in latest monthly statistics from the Public Treasuryan organization dependent on the Ministry of Economy, Trade and Business, which collects the latest data relating to August 2024.
Thus, in August, the majority of the balance in the Letters sector was in the hands of retailers, with 37.69%while foreigners took 23.36%. Thus, families accumulate 27.446 million in Lettersa figure which reduces to 17.013 million for foreigners.
While waiting to know the end-of-year data, the trend is confirmed for another month since in August 2023 foreigners took over from retailers in terms of creditors. That month, for the first time, retailers gained 28.69%, compared to 27.5% for foreigners.
3, 6, 9 and 12 month Treasury bills offer attractive yields for investors and usually the demand doubles and even triples the figure finally captured. However, during the last auctions in November, there was a moderation in the interest of the four instruments and The cost of 3-month letters recorded 2.739%.
For 6 month bonds it was 2.882%, while for 9 and 12 month bonds it reached 2.699% and 2.631% respectively.
One month before the end of the year, Letras decreased their profitability by 3%. The average for 2023 was 3.62% in Literature at 3 and 6 monthswhile in the 9 and 12 month Letters last year it closed at 3.51 and 3.327% for these products.
