Romania
Briefing Romania
New 15Y bond auction
Source: Reuters
EUR/RON
The EUR/RON inched higher yesterday and in afterhours trading managed to break above 4.7400. We expect a 4.7350-4.7450 range for today.
ROMGBs
The Romanian government bond yield curve inched a couple of basis points lower yesterday ahead of the Federal Reserve meeting. Today, the Ministry of Finance auctions RON200 million in a new 15-year bond.
Money market
The cash rate dropped below the NBR's deposit facility as we near the end of the reserve maintenance period.
Source: Reuters, ING estimates
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
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