Audio By Carbonatix
The government will raise ¢2.89 billion in Treasury bills this Friday February 24, 2022 to refinance T-bill maturities worth ¢2.65 billion.
The bills will be issued across the 91-day, 182-day and 364-day tenors.
Ahead of this, analysts expect investor demand to remain strong, leading to declining yields. Yields are expected to decline in the near term.
This is primarily so because the Treasury market is the only source of borrowing for government.
In the T-bill auction last week, the government mobilized ¢2.76 billion out of ¢3.11 billion as investor demand remains strong.
The uptake exceeded the auction target of ¢1.71 billion and the refinancing obligation.
In the previous T-bill auction, the 91-day and 182-day bill yields declined to 35.67% and 35.72% respectively.
The decline was mainly due to robust investor demand, which has supported a competitive bidding process.
With inflation expectations trending downwards and sustained strong investor demand, analysts anticipate a continued downward trend in T-bill yields.
Latest Stories
-
GHIMA reaffirms commitment to secured healthcare data
2 minutes -
John Boadu pays courtesy call on former President Kufuor, seeks guidance on NPP revival
9 minutes -
Emissions Levy had no impact on air pollution, research reveals
1 hour -
DSTV enhanced packages stay in force as subscriptions rise following price adjustments
1 hour -
Financial Stability Advisory Council holds final meeting for 2025
1 hour -
Education in Review: 2025 marks turning point as Mahama resets Ghana’s education sector
2 hours -
Nigeria AG orders fresh probe into alleged intimidation and assault of Sam Jonah’s River Park estate staff
2 hours -
Concerned Small Scale Miners commend GoldBod’s efforts in addressing gold smuggling
2 hours -
Haruna Mohammed claims Ghana Audit Service undermined
2 hours -
5 members of notorious robbery syndicate in Tema, Accra arrested
2 hours -
BoG, SEC and FIC hold Joint sensitisation workshop for Virtual Asset Service Providers
2 hours -
How Nico Cantor became one of the top voices in American soccer
3 hours -
Ghana colorectal cancer patients face low survival rates, KNUST study finds
3 hours -
Police arrest suspect in GH₵ 7.5m daylight robbery at Adabraka
3 hours -
Armwrestling: The Golden Arms’ 2025 Triumph and an Era of Unprecedented Victories
3 hours