Yerevan /Mediamax/. “Renesa” Investment Company recommends investors reconsider their portfolios and send means to the market of short-term bonds. As Mediamax was informed in “Renesa”, the given recommendation is conditioned by expectations that within the nearest months reduction of yield is expected in the market of short-term bonds. The Ministry of Finance of Armenia in the course of the past week realized one auction on placement of short-term (AMGT52185103), two auctions on placement of medium-term state bonds (AMGN36052110 и AMGN60052135), as well as an auction on retirement of long-term (AMGB08203157) state bonds. “At that, great interest was demonstrated concerning short-term bonds, the fact evidencing high yield of the given bonds and reconsideration of portfolios by the participants of the securities market”, “Renesa” Company noted. The Central Bank (CB) of Armenia consistently realizes expansive monetary-credit policy by means of reducing the refinancing rates and instilling additional liquidity in the secondary market of governmental bonds through active conclusion of deals: within the past week, CB realized 3 auctions on purchase, the total volume of which made 1bln 501mln 663 thousand AMD. “Renesa” believes that the CB remains adherent to expansive monetary-credit policy and will consistently reduce the refinancing rate, thus contributing to increase of the volume of liquidity, as a result of which it will have positive effect on the real sector of economy. Touching upon the currency market, the investment company noted that within the nearest months, they expect appreciation of AMD, since import will continue reduction, and there will be no seasonal influences on the currency. Tweet Views 14232