Retail investors continue to lead the ownership of Treasury Bills and surpass foreigners for a consecutive year, after the trend changed in August last year.
This is reflected in the latest monthly statistics from the Public Treasuryan organization dependent on the Ministry of Economy, Commerce and Business, which collects the latest data related to August 2024.
Thus, in August the majority of the balance in Letters was in the hands of retailers, with 37.69%while foreigners took 23.36%. Thus, families accumulate 27,446 million in Lettersa figure that is reduced to 17,013 million in the case of foreigners.
While waiting to know the year-end data, the trend is consolidated for another month since in August 2023 foreigners took over from retailers in terms of debt holders. That month, for the first time, retailers gained a 28.69%, compared to 27.5% for foreigners.
Treasury Bills at 3, 6, 9 and 12 months offer attractive returns for investors and usually the demand doubles and even triples the figure finally captured. However, in the last November auctions there has been moderation in the interests of the four instruments and The cost of 3-month Letters has registered 2.739%.
In 6-month Bills it has been 2.882%, while in 9 and 12 month Bills it has reached 2.699% and 2.631%, respectively.
One month before the end of the year, the Letras have decreased their profitability by 3%. The average for 2023 was 3.62% in both 3- and 6-month Letterswhile in 9-month and 12-month Letters last year it closed at 3.51 and 3.327% for these products.
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