Treasury bill auctions see four consecutive weeks of oversubscription

The government has for the fourth week, exceeded its auction target across all three tenors.

The auction target estimated at GH¢3.7 billion received GH¢5.6 billion oversubscribing its treasury bills sale.

The government accepted GH¢5.3 billion of the bids, representing 45% oversubscription.

For the 182-day bill, GH¢1.52 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢1.45 billion.

Government makes strong Treasury comeback with 110% oversubscription

Also, GH¢1.538 billion of the bids were tendered for the 364-day bill. GH¢1.533 billion of the bids were accepted.

The yield on the 91-day bill decreased by 3.0 basis points to 11.08%.

That of the 182-day bill also dropped to 12.43%, from 12.54% the previous week.

The yield on the 364-day bill went down by 17 basis points to 12.91%.

SP/EB

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