Fixed Income Market: Gov’t raises GHS 1,088m at increased yields
Government, on the fixed income market raised a total of GHS 1,088 million from the issuance of the 91 and 182 days treasury bills at increased yields of 25.96% and 27.46% respectively.
Compared to the previous week, yields reflected increments of 0.07% and 0.91% for the 91 and 182 days treasury bills.
Indicating that, yields for the 91 and 182 days treasury bills were previously 25.89% and 26.55% respectively.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 25.96% | 25.89% | 0.07% |
| 182-Day T-Bills | 27.46% | 26.55% | 0.91% |
Bids tendered in for the 91 and 182 day bills amounted to GHS 940 million and GHS 210 million with government accepting bids amounting to GHS 886m and GHS 202m respectively.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 940.17 | 886.24 |
| 182-Day T-Bill | 210.72 | 202.25 |
| TOTAL | 1,150.89 | 1,088.49 |
Government’s target for the next auction (Tender #1808) is GHS 1,947.00 million in 91-day bills, 182-day bills and 364-day bills.
Read report below:
Fixed Income Market Report_18.07.2022 by Fuaad Dodoo on Scribd
