Audio By Carbonatix
Interest rates tumbled once again across the yield curve, in line with falling inflation.
The 91-day yield eased to 24.85% from the prior week’s 25.03%.
That of the 182-day also went down by 9.0 basis points to 26.82%.
Similarly, the 182-day bill also declined to 27.81% from the earlier 27.92%.
Meanwhile, the government recorded 1.35% oversubscription of the T-bills sale, far lower than the 19.4% recorded the preceding week.
It got a total of GH¢4.833 billion, as against a target of GH¢4.900 billion.
A chunk of the bids came from the 91-day bill.
About GH¢3.76 billion was mobilised, representing 77.9% of the total bids. The uptake was the same as the bids tendered.
Similarly, GH¢924 million came from the 182-day bill. All the bids were accepted.
For the 364-day bill, GH¢142.07 million of the bids were tendered and all were accepted.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.767 billion | 3.767 billion |
| 182 Day Bill | 924.19 million | 924.19 million |
| 364 Day Bill | 142.07 million | 142.07 million |
| Total | 4.833 billion | |
| Target | 4.900 billion | |
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