Investor appetite keeps Treasury Bills oversubscribed for fourth week running
The government has for the fourth week, exceeded its auction target across all three tenors.
The auction target estimated at GH¢3.7 billion received GH¢5.6 billion oversubscribing its treasury bills sale.
The government accepted GH¢5.3 billion of the bids, representing 45% oversubscription.
For the 182-day bill, GH¢1.52 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢1.45 billion.
Government makes strong Treasury comeback with 110% oversubscription
Also, GH¢1.538 billion of the bids were tendered for the 364-day bill. GH¢1.533 billion of the bids were accepted.
The yield on the 91-day bill decreased by 3.0 basis points to 11.08%.
That of the 182-day bill also dropped to 12.43%, from 12.54% the previous week.
The yield on the 364-day bill went down by 17 basis points to 12.91%.
SP/EB
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Source:
www.ghanaweb.com
