The Central Reserve Bank
has reported that —as of March 30— the yield curve of its Certificates of Deposit (CD BCRP) showed higher rates in the 9‐month, 24-month, and 36‐month bonds than those observed at the end of February.
It also showed similar rates in bonds with other maturity terms.
The shape of this yield curve is influenced by expectations of future monetary policy rates and by liquidity conditions in the market.
BCRP Certificates of Deposit (CD BCRP) are a monetary sterilization instrument that can be traded in the market or used in interbank repos or in repos with the issuing entity.