The government will borrow ¢4.08 billion on the treasury market tomorrow December 29, 2023.
This will be done through the issuance of the 91-day, 182-day and 364-day bills.
The uptake will partly be used to refinance estimated maturities of ¢2.55 billion.
There will be a substantial difference of ¢1.53bn between the target and refinancing obligation, pointing to the government’s need for funds to support its budget.
Analysts therefore expect a rise in T-bill yields this week.
Last week’s Treasury bill auction garnered substantial investor participation, with total bids of ¢3.58 billion. This surpassed the gross target by 38%.
The government raised ¢3.57 billion across the treasury market.
The auction saw money market yields closing higher as the government sought to raise new fund for budgetary support.
Yields on the 91-day and 182-day tenors increased by 31 and 81 basis points, respectively, to 29.36% and 31.95%. The 364-day yield was unchanged at 32.49%.
Latest Stories
-
If I speak there will be fire – Salah on Klopp row
60 mins -
Grieving after divorce is normal, but this particular kind of grief isn’t
1 hour -
10 beautifully unexpected ways husbands proposed to their wives
1 hour -
Reality zone with Vicky Wireko: Painting Ghana purple: Be aware, May is month of mental health awareness
1 hour -
Prof Opoku-Agyemang’s integrity is admirable – Inusah Fuseini
1 hour -
Your reign has been a beacon of wisdom – Alan Kyerematen tells Asantehene
1 hour -
Akufo-Addo’s driver wins La Dadekotopon NPP primary
1 hour -
Education Minister must channel resources to rebrand basic public schools into tackling critical needs – Minority
2 hours -
CAFCC: “Dreams need to score early to unsettle Zamalek” – Former Zamalek striker Felix Aboagye
3 hours -
GHS launches mobile app to counter misinformation about vaccines
3 hours -
Election 2024: Care Ghana warns EC of recruiting political actors as Returning Officers
3 hours -
Mohammed Kudus gets 5th Premier League assist as West Ham hold Liverpool
3 hours -
Religious support source of my success – Asantehene
3 hours -
Sierra Leone energy minister resigns over electricity crisis, as power returns to capital
4 hours -
EC accuses Bright Simons, IMANI Africa of peddling falsehood
4 hours