Yields on T-Bills inch up as gov’t raises GHS 1.2bn
Yields for the 91-day bills moved up by 0.112% to close at 13.03% as the 182-day bills increased by 0.014% to settle at 13.31% whilst the 364-day bills fell by 0.031% to settle at 16.96% for the week.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 13.03% | 12.91% | 0.112% |
| 182-Day T-Bills | 13.31% | 13.29% | 0.014% |
| 364-Day T-Bills | 16.96% | 16.99% | -0.031% |
Accepted bids for the 91, 182 and 364 day T-bills at last week’s auction fell below expected targets envisaged by the government as GH¢863.93 was raised in 91-day bills, GH¢145.58 in 182- day bills and GH¢203.29 million in 364-day bills compared to GH¢714.95 and GH¢112.19 that was raised in 91-day bills and 182-day bills respectively at the previous auction.
Cumulatively, government raised some GHS 1.2bn on the issuance of the T-bills.
Read: Ghana: World Bank disagrees with Fitch Solutions’ 2.9% current account deficit
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 863.93 | 863.93 |
| 182-Day T-Bill | 145.58 | 145.58 |
| 364-Day T-Bill | 203.29 | 203.29 |
| TOTAL | 1,212.80 | 1,212.80 |
Government’s target for the next auction (Tender #1788) is GH¢1,175.00 million in 91-day bills, 182-day bills and 364-day bills.
Read report below:
Fixed Income Market Report_28.02.2022 by Fuaad Dodoo on Scribd
