Fixed Income Market: Gov’t accept bids amounting to GHS 2.46bn
Government, at last week’s auction, raised a total of Ghs 2,465 million from the issuance of the 91, 182 and 364 days treasury bills and a 6 year bond.
Bids tendered in for the 91, 182 and 364-day bills and the 6 year bond amounted to GHS 859.37 million, GHS 185.11 million, GHS 99.92 million and GHS 1,320.66 million respectively.
0ut of the total GHS 2,676 million bids made, government accepted bids for the 91, 182 and 364 days T-bills as well as the 6-year bond rejecting some GHS 211 million.
Read: Fixed Income Market: Gov’t accept bids amounting to GHS 2.46bn
Regarding the yields of the issuances, the 91- Day bills gained 0.16% to close at 12.54% with the 182-Day bills remaining the same at 13.21%.
The 364-Day bills gained 0.36% settling at 16.70% whilst the 6 year FRX bond gained 15.69% to close at 21.75%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change (%) |
| 91-Day T-Bill | 12.54 | 12.52 | 0.16% |
| 182-Day T-Bill | 13.21 | 13.21 | 0.00% |
| 364-Day T-Bill | 16.70 | 16.64 | 0.36% |
| 6-Year FXR Bond | 21.75 | 18.80 | 15.69% |
Government’s target for the next auction (Tender #1783) is GHS 1,191 million in the 91, 182 and 364-Day bills.
Examine report below:
Fixed Income Market Report_24.01.2022 by Fuaad Dodoo on Scribd
