T-bills have re-bounced in the New Year
The government has once again oversubscribed its treasury auction, attracting strong investor confidence for the sixth consecutive week.
According to data from the Bank of Ghana, total bids reached approximately GH¢9.08 billion, surpassing the government’s target of GH¢7.56 billion.
Out of the total amount tendered, the government accepted slightly above GH¢1.51 billion in Treasury Bills (T-Bills).
The 91-day Treasury Bill was the most attractive instrument, drawing GH¢6.54 billion in bids, of which GH¢6.53 billion was accepted.
The 182-day bill recorded bids of GH¢1.06 billion, with GH¢1.05 billion taken up, while the 364-day bill attracted GH¢1.50 billion in bids, of which GH¢1.49 billion was accepted.
Treasury bill auctions see four consecutive weeks of oversubscription
In terms of yields, the 91-day bill increased to 11.17 percent from 11.11 percent, while the 182-day bill rose from 12.50 percent to 12.56 percent.
The 364-day bill, on the other hand, dropped by 3 basis points, from 12.93 percent to 12.90 percent.
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Source:
www.ghanaweb.com
