Yields remain steady in underwhelming Treasury bill auction
The government fell short of its Treasury bills auction target by GH¢484.26 million compared to an excess of GH¢595.67 million in the previous week .
The 91-Day bills received the highest subscription rate of 82% while the 182-Day bill and 364-Day bill had a subscription rate of 15% and 3% respectively.
Accepted bids equalled tendered bids as GH¢1,581.49 million was raised in 91-Day Bills, GH¢292.43 million in 182-Day Bills, and GH¢56.82 million in 364-Day Bills.
The acceptance rate increased by 42bps to close the week at 100%.
Yields settled at 35.63%, 35.81%, and 35.56% for the 91-Day, 182-Day, and 364-Day bills respectively.
TREASURY YIELDS
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 35.63% | 35.46% | 0.479% |
| 182-Day T-Bills | 35.81% | 35.83% | -0.056% |
| 365-Day T-Bills | 35.56% | 35.92% | -1.002% |
The target for the next auction (Tender #1835) is GH¢1,278.00 million in 91-Day, 182-Day, and 364-Day Bills.
BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,581.49 | 1,581.49 |
| 182-Day T-Bill | 292.43 | 292.43 |
| 364-Day T-Bill | 56.82 | 56.82 |
| TOTAL | 1930.74 | 1930.74 |
