Fixed Income Market: Gov’t falls short of auction target by GHS 1.48bn
Government, fell short of achieving the set GHS 2.2bn target in the issuance of the 91, 182 and 364 days treasury bills on the fixed income market.
Government, in auctioning the short term debt instruments managed to secure only GHS 726m out of the targeted GHS 2.2bn.
At the auction, offers tendered were below Government’s target and accepted bids were also below the tendered bids as GH¢434.69 million was raised in 91-Day Bills, GH¢72.65 million in 182-Day Bills and GH¢ 220.37 million in the 364-Day Bills.
This compares to the GH¢1,064.54 million raised in 91-Day Bills and GH¢113.68 million raised in 182-Day Bills at the previous auction.
Yields moved up again reflecting recent MPR announcement as rates settled at 14.14%, 14.51% and 17.11% for the 91-Day Bills, 182-Day Bills and 364-Day Bills
respectively.
The target for the next auction (Tender #1792) is GH¢766.00 million in 91-Day Bills, 182-Day Bills and 364-Day Bills.
Find details of auction results below:
Fixed Income Market Report_28.03.2022 by Fuaad Dodoo on Scribd
