Fixed Income Market: Gov’t exceeds auction target of GHS 1,153 million
Government exceeded its target of raising some GHS 1,153 million in the issuance of the 91, 182 and 364 days treasury bills on the fixed income market.
At last week’s auction, government in auctioning the short term debt instruments managed to secure GHS 1,083 million raising an additional GHS 564 million to its programmed auction target of GHS 519 million.
Accepted bids were marginally below tendered bids as GHS 954 million was raised in 91-day bills, GHS 232 million in 182-day bills and GHS 114 million in the 364 day bills.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 954.66 | 954.66 |
| 182-Day T-Bill | 268.43 | 232.40 |
| 364-Day T-Bill | 114.65 | 114.65 |
| TOTAL | 1,337.74 | 1,301.71 |
Yields marginally moved up, reflecting current Inflationary pressures to settle at 27.04%, 28.51% and 27.85% for the 91-day bills, 182-day bills and 364 day bills respectively.
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 27.04% | 26.71% | 0.33% |
| 182-Day T-Bills | 28.51% | 28.26% | 0.25% |
| 364-Day T-Bills | 28.40% | 27.85% | 0.56% |
Government’s target for the next auction (Tender #1811) is GHS 1,410.00 million in 91- day bills,182-day bills and 364-day bills.
Fixed Income Market Report_08.08.2022 by Fuaad Dodoo on Scribd
