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Yield on short-term notes hits historical low in Azerbaijan

Yield on short-term notes hits historical low in Azerbaijan

05 February 2009 15:06 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The yield on weighted average price in the last auction for short-term notes of the National Bank of Azerbaijan was 3.09% per annum, said the Baku Stock Exchange. This level is a historical low in Azerbaijanâ€™s note market.
The historical high of 13% per annum was hit in 2006.

As shown in the diagram, the return on notes gradually declines over the past years and this trend has been quicker in recent months.

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