Treasury Exceeds T-Bill Auction Target for Third Consecutive Week Amid Rising Investor Confidence
In a show of strengthening investor interest, the Government raised GHS 4.42 billion in its latest Treasury bill auction on October 25, exceeding the planned GHS 3.98 billion by GHS 441 million.
This marks a third straight week of surpassing auction targets, building on last week’s oversubscription of GHS 158 million.
The auction saw substantial demand for the 91-day bill, which attracted GHS 3.18 billion in bids.
The 182-day and 364-day bills also performed strongly, raising GHS 957 million and GHS 276 million, respectively.
Rising yields appear to have driven demand for the short-term debt instruments with rates ticking upward across all maturities as the 91-day bill closed at 26.19% (+0.25%), the 182-day bill reached 27.29% (+0.26%), and the 364-day bill ended at 28.97% (+0.24%).
Looking ahead, the government is targeting GHS 4.01 billion in the next auction, continuing its strategy of leveraging short-term securities to meet immediate funding requirements amid evolving market conditions.
