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
-
5 dead, over 14 injured in gory accident near Obuasi
3 mins -
Cleaner to stand trial over Cashier’s death at Twumasiwaa Hospital
22 mins -
Global financial institutions call for comprehensive treaty to end plastic pollution
33 mins -
Electoral processes, ethnoreligious cleavages threats to Ghana’s 2024 election – WANEP
34 mins -
Harnessing intuition, reasoning, and memory to navigate the AI age
60 mins -
Azumah Nelson Sports Complex: Gov’t advised to terminate project contract
1 hour -
Dumsor will be a thing of the past soon – Bawumia assures
1 hour -
Why do you always run to the media? – EC quizzes IMANI
1 hour -
Francis Doku charges government to market traditional festivals
2 hours -
Ghana records an average of 9,900 snakebites annually
2 hours -
Fella Makafui sets record straight on relationship with D-Black
2 hours -
CEGENSA celebrates mentors for nurturing UG’s upcoming female leaders in academia
2 hours -
Dr. Bawumia begins Eastern regional tour with religious leaders in Akropong
2 hours -
Akosombo Dam Spillage: Would victims have been ignored if they were in swing constituencies – Ablakwa fumes
2 hours -
Have capacity to influence policy – former MiDA boss to engineers
2 hours