T-bills: Govt records marginal oversubscription as yields fall
The treasury bills market posted a marginal oversubscription after being undersubscribed the previous week. According to the latest auction results from the Bank of Ghana, the government secured GHS 3.6 billion against a target of GHS 3.5 billion. The almost two percent oversubscription of the T-bills occurred despite a fall in inflation and interest rates […] The post T-bills: Govt records marginal oversubscription as yields fall appeared first on Citinewsroom - Comprehensive News in Ghana.
The treasury bills market posted a marginal oversubscription after being undersubscribed the previous week.
According to the latest auction results from the Bank of Ghana, the government secured GHS 3.6 billion against a target of GHS 3.5 billion.
The almost two percent oversubscription of the T-bills occurred despite a fall in inflation and interest rates for the 182-day and 364-day bills.
The majority of bids were for the 91-day bills, with all GHS 2.76 billion tendered being accepted.
For the 182-day bill, GHS 660 million was tendered, with the uptake being the same.
GHS182 million was tendered for the one-year bill, and all were accepted.
On the yield curve, the rate for the three-month bill increased marginally to 24.86%, while the rates for the nine-month and one-year bills fell to 26.80% and 27.78%, respectively.
The post T-bills: Govt records marginal oversubscription as yields fall appeared first on Citinewsroom - Comprehensive News in Ghana.
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