Fixed Income Market: Gov’t exceeds auction target of GHS 1.16 billion
Government exceeded its target of raising some GHS 1.16 billion in the issuance of the 91 and 182 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 1.65 billion raising an additional GHS 488 million to its programmed auction target of GHS 1.16 billion.
Accepted bids equaled tendered bids as GHS 1.38 billion was raised in 91-day bills and GHS 274 million in the 364 day bills.
|BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK|
|Treasuries||Bids Tendered |
|Bids Accepted |
Yields marginally moved up, reflecting current Inflationary pressures to settle at 35.20% and 35.99% for the 91-day bills and 182-day bills respectively.
|RESULTS OF LAST WEEK’S TREASURY BILL AUCTION|
Government’s target for the next auction (Tender #1826) is GHS 2.17 billion in 91- day bills,182-day bills and 364-day bills.