Yield paid by Romania on 10-year bonds drops to 7.11%

The Ministry of Finance (MoF) borrowed RON 2.818 billion (over EUR 500 million) from banks on Monday, November 2, through two government bond issues, according to data published by the National Bank of Romania (BNR).

The yields decreased slightly from October, reflecting investors’ sentiment after the settlement of the political crisis.

The ministry attracted RON 501.5 million through an issue of government bonds with a residual maturity of 120 months, at an average annual yield of 7.11%, down from 7.18% on October 12, for the same issue as with a 121-month residual maturity. The yield for the same bond was 7.09% in September.

At the same time, the Ministry of Finance borrowed RON 2.317 billion through a government bond issue with a residual maturity of 21 months, at an average annual yield of 6.55% (6.98% in October).

The Ministry of Finance planned to borrow RON 9 billion from commercial banks in November 2026. An additional 15% of the nominal value awarded at the reference auctions may also be raised through non-competitive bidding sessions reserved exclusively for benchmark instruments.

The RON 9 billion provided for in the issuance prospectuses for discounted Treasury bills and benchmark government bonds is RON 3.2 billion higher than the RON 5.8 billion scheduled for October 2026. The funds will be used to refinance and repay public debt ahead of schedule, as well as to finance the state budget deficit.