Gov’t raises GHS 1,826m at increased yields
Government, on the fixed income market raised a total of GHS 1,826 million from the issuance of the 91, 182 and 364 days treasury bills at increased yields of 28.61%, 29.94% and 29.52% respectively.
Compared to the previous week, yields reflected increments of 0.89%, 0.65% and 0.69% for the 91, 182 and 364 days treasury bills.
Indicating that, yields for the 91, 182 and 364 days treasury bills were previously 27.72%, 29.29% and 28.83% respectively.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 28.61% | 27.72% | 0.89% |
| 182-Day T-Bills | 29.94% | 29.29% | 0.65% |
| 364-Day T-Bills | 29.52% | 28.83% | 0.69% |
Bids tendered in for the 91 and 182 day bills amounted to GHS 1,391 million and GHS 378 million respectively with government accepting all bids tendered in.
For the 364 day bill, bids tendered in amounted to GHS 60.8 million with government accepting bids amounting to GHS 56m.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,391.21 | 1,391.21 |
| 182-Day T-Bill | 378.96 | 378.96 |
| 364-Day T-Bill | 60.89 | 56.04 |
| TOTAL | 1,831.06 | 1,826.21 |
Government’s target for the next auction (Tender #1814) is GHS 1,723 million in 91-day bills, 182-day bills and 364-day bills.
Read report below:
Fixed Income Market Report_29.08.2022 by Fuaad Dodoo on Scribd
