This includes both government bonds with a 20% risk weight in that approach, and covered and corporate bonds with an external rating of at least AA-. BIS Review 125/2010  3  increase of interest rates for maturities longer than the threshold established by the regulation (30 days) as compared with shorter maturities. This would imply a steeper money market yield curve.
In addition, the difference in the cash market exchange rate and the official one widened in May, which worsened negative effects on the economy. As a result, risks to macrofinancial stability and economic recovery have risen in the medium term, despite the sufficient international reserves.