BCR Certificates of Deposit (CD) are monetary sterilization instruments that can be traded in the market or used in interbank repos and repos with the issuing entity.
The shape of this yield curve is influenced by expectations of future monetary policy rates and market liquidity conditions.
Public Treasury Bonds
For maturities from two years, the market references the yields of Public Treasury bonds.
On January 22, compared to January 15, the interest rates on sovereign bonds were higher for 10-, 20-, and 30-year maturities, while they were lower for 2- and 5-year terms.