Table 17: Secondary Market Activity

Holdings

Amount

Amount

Amount

Amount of

Amount of

Total

Weighted

of SMC

of Bills

of Bills

of Bills

Government

Government

volume of

average

as at end

transacted

purchased

sold by

Securities

Securities

secondary

yield on

of period

outside

by

SMC *

transacted

sold by

market

Bills sold

SMC

SMC

outside SMC

SMC

transactions

by SMC

(Rs Million)

(% p.a.)

March 1999

Week 1

1,405

0

0

175

0

0

175

12.53

Week 2

1,244

25

0

182

0

0

207

12.73

Week 3

1,394

27

0

100

0

0

127

12.71

Week 4

1,349

0

25

76

0

0

101

12.61

Week 5

1,255

45

144

250

0

0

439

12.60

Mar-98

311

63

0

653

25

10

751

8.92

Apr-98

573

9

375

521

14

10

929

8.97

May-98

902

371

0

150

0

0

521

8.97

Jun-98

745

907

0

173

0

0

1,080

9.07

Jul-98

938

72

621

120

150

0

963

9.14

Aug-98

957

193

25

514

0

0

732

9.36

Sep-98

428

406

0

542

0

0

948

9.97

Oct-98

1,009

330

53

372

164

0

919

9.91

Nov-98

1,579

128

0

476

0

0

604

11.30

Dec-98

1,301

55

69

914

0

0

1,038

12.40

Jan-99

1,361

111

25

850

0

0

986

12.54

Feb-99

1,562

90

0

487

22

0

599

12.43

Mar-99

1,255

97

169

783

0

0

1,049

12.63

SMC : Secondary Market Cell of the Bank of Mauritius

* : Includes Bills sold Over The Counter (OTC).