ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Reliance on Short-term Securities

The trend of relying on shorter maturities in auctions started in mid-May and continued in June 2009. As a result, trading shifted to the shorter end of the curve during June, the 10-year benchmark accounting for less than 3% of trading activity while short-term papers accounted for 53%.

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