“I think we will have lower nominal yields towards the end of the year, we will see a decline of half a percentage point by the end of the year. I think T-Bills, which have maturities of less than a year, will be able to offer investors nominal yields of under 5%,” said the manager, who was present on Monday at the ZF Live show.
The decision of US bank JP Morgan to include government securities in lei in one of its indexes sparked euphoria among local and foreign investors, with the leu strengthening against the euro by 1.2% in a single day, while the yield paid by the Finance Ministry to issue five-year bonds abruptly fell by 1.2% from 6.7% to 5.4% per year.
(English version by Daniela Stoican)