Last week’s Treasury Bill auction saw its seventh consecutive over-subscription as investors submitted total bids worth Ghs 1.16 billion.
Government accepted all bids tendered to cover the auction as well as maturing bills.
Yields for the 91-day and 364-day bills remained unchanged at 14.06 per cent and 15.97 per cent respectively at the close of auction last week.
However, yields on the 182-day bills increased by 3 basis points to 14.13 per cent.
Despite total bond volumes traded on the Ghanaian secondary bond market declining by some 21 per cent to Ghs 1.64 billion, the bond market index last week closed higher increasing its Year-To-Date (YTD) return to 0.84 per cent.
Source:
norvanreports
