Audio By Carbonatix
Investor interest in treasury bills continued to rise as the government exceeded its target by 139%.
According to auction results by the Bank of Ghana, most of the investors bought the 364-day bill because of its high yield.
The government received bids worth GH¢12.3 billion, but accepted GH¢6.5 billion.
The 364-day bill was once again the most subscribed bill as GH¢7.4 billion of the bids were tendered, representing 60.7% of the total bids.
The uptake was, however, GH¢2.7 billion.
On the other hand, the 182-day bill received bids of GH¢1.2 billion. A little above GH¢935 million was accepted.
For the 91-day bill, GH¢3.5 billion of the bids were tendered. A little above GH¢2.8 billion of the bids were accepted.
Meanwhile, interest rates continued to retreat on the yield curve.
The yield on the 91-day bill went up by 13 basis points to 4.94%.
That of the 182-day bill also declined to 6.87% from the previous week’s 7.08%.
Similarly, the yield on the 364-day went down by 82 basis points to 10.77%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.55bn | 2.84bn |
| 182 Day Bill | 1.28bn | 935.22m |
| 364 Day Bill | 7.499bn | 2.746bn |
| Total | 12.34bn | 6.52bn |
| Target | 5.147bn |
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