CBM Net to bolster domestic bond market

The Central Bank of Myanmar’s new real time settlement system should help create a more liquid secondary market for Treasury bonds, and help banks manage their collateral, the central bank’s deputy governor said. The system’s immediate benefit to banks is saving hours of work that would be spent manually clearing and settling transactions. Central Bank […]

Myanmar’s First Govt Bond Auction Sells Less Than Half of $49m Offering

Yangon. Myanmar’s central bank sold less than half the 50 billion kyat ($48.83 million) worth of treasury bonds on offer in its first auction, which aimed to reform the fledgling economy and boost overstretched coffers, the bank said in a statement on Thursday. The sale of government debt at auction is the latest of a […]