Usually an increasing yield for treasury securities means that there is a decline in demand/liquidity. The Schedule II banks are either not employing the liquidity they have, or simply do not have it.
Bank of Albania sells 5.1bn leke of 12M T-bills, yield rises to 9.13% Balkans.com Correspondent – 25.03.2009
Bank of Albania (www.bankofalbania.org) sold 5.1 billion leke (39.1 million euros, 53.0 million USD) of twelve-month treasury bills on March 24 that mature on March 18, 2010.
The twelve-month T-bill produced a weighted average yield of 9.13%, increasing from 9.00% of the last auction; and a maximum yield of 9.20%, up from 9.17%, the central bank said in a statement.The Bank of Albania sells auctions leke-denominated three-month securities every week and 6- and 12-month treasury bills every two weeks on behalf of the finance ministry.
