Investor interest in T-bills soars, government secures ¢1.83bn
August 29, 2022
Posted by: Charles Yeboah Nixon
Categories: Banking and Finance, Economics, Finance, Forex, Grants
Investor interest in Treasury bills continue to soar, as they take advantage of rising interest in the Treasury market.
Latest auctioning by the Bank of Ghana indicates that T-bills auction was oversubscribed for the 11th consecutive week by 56%, largely due to the high yields.
Indeed, interest rates on the yield curve continued to rise as investors focused on the short-term securities in the primary market for re-pricing benefits.
This has boosted liquidity in the market.
However, the yields are still lower than the current inflation rate of 31.7%, indicating that the real return on Treasury securities for investors is still negative.
Whilst the 91-day T-bill went for 28.6%, from the previous week’s 27.7%, that of the 6-month traded at 29.94%, compared with 29.2% the past week.
The one-year bill however went for 29.5% lower than the six months bill.
Meanwhile, government secured 1.83 billion from the sale of the short term securities, against a target of 1.16 billion.
The majority of the amount raised was from the 91-day T-bills. 1.3 billion was mobilized from the three months bill.
The 182-day and 364-day bills raised were ¢378.96 and ¢60.89 respectively.
Bids Tendered (GH¢)
Bids Accepted (GH¢)
91 Day Bill
182 Day Bill
364 Day Bill
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