Table 18: 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 ¹	transacted	sold by	market	Bills sold
		SMC	SMC		outside SMC	SMC	transactions	by SMC
		(Rs million)						(% p.a.)

Dec 1999
01-03 Dec	1,626	0	196	43	0	0	239	12.36
06-10 Dec	1,659	0	116	74	0	0	190	12.43
13-17 Dec	1,784	11	113	188	0	0	312	12.63
20-24 Dec	2,195	3	96	129	0	0	228	12.12
27-30 Dec	2,052	0	1	163	0	0	164	12.58


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
Apr-99	1,208	123	0	716	0	0	839	12.73
May-99	1,349	191	84	782	0	0	1,057	12.58
Jun-99	1,320	90	135	1,824	0	0	2,049	12.61
Jul-99	1,522	50	1	566	0	0	617	12.54
Aug-99	1,573	215	231	1,437	0	0	1,883	12.31
Sep-99	863	109	570	1,820	0	0	2,499	11.58
Oct-99	1,125	40	308	970	0	0	1,318	12.52
Nov-99	722	193	288	2,468	0	0	2,949	12.20
Dec-99	2,052	14	522	597	0	0	1,133	12.46

SMC : Secondary Market Cell of the Bank of Mauritius.					¹ Includes Bills sold Over The Counter (OTC).


Table 19: Transactions on the Interbank Money Market

Period	Amount Transacted			Daily	Range of	Interbank	Bank
				Average¹	Interbank	W.A.I	Rate³
	Lowest	Highest	Total		Rates	Rate²
	(Rs million)				(Per cent)
Dec 1999
01-02 Dec	210	390	600	300	9.00 - 9.50	9.49	12.51
03-09 Dec	265	500	2,595	371	9.00 - 12.00	9.70	12.41
10-16 Dec	85	210	1,160	166	9.00 - 11.00	10.15	12.33
17-23 Dec	100	100	100	100	9.50	9.50	12.46
24-29 Dec	225	235	930	233	9.25 - 9.50	9.47	12.34
30-31 Dec	450	450	900	450	9.00 - 9.50	9.33	11.92


Dec-98	21	450	3,384	117	8.50 - 12.19	9.82	12.49
Jan-99	35	385	3,137	116	8.00 - 18.00	11.09	12.76
Feb-99	35	445	5,137	190	9.00 - 13.00	10.28	12.71
Mar-99	15	235	2,499	104	9.00 - 9.75	9.51	12.66
Apr-99	30	250	2,671	89	9.25 - 11.50	10.07	12.62
May-99	10	235	2,033	70	9.00 - 10.50	9.85	12.62
Jun-99	10	230	2,385	80	9.00 - 10.75	9.96	12.61
Jul-99	15	272	2,881	120	9.00 - 10.50	9.90	12.69
Aug-99	35	520	4,810	172	8.00 - 15.00	11.31	12.74
Sep-99	10	120	1,223	53	9.00 - 10.00	9.56	12.72
Oct-99	15	185	2,067	86	9.00 - 9.50	9.46	12.69
Nov-99	5	130	680	36	9.00 - 9.50	9.47	12.60
Dec-99	85	500	6,285	273	9.00 - 12.00	9.67	12.36

¹ For transactions days only.					² Interbank Weighted Average Interest Rate.
³ Simple Average for the month, actual for the week.