The government will raise ¢2.76 billion on Friday, February 10, 2023, to refinance Treasury bill maturities worth ¢2.53 billion.
This will be issued via the 91-day, 182-day and and 364-day bills.
With such a large size on offer, the yields are expected to continue the upward trajectory, but marginally.
Following the Domestic Debt Exchange Programme, which has triggered the suspension of the issuance of bonds, the short term securities market remain the only source of borrowing for the government.
Consequently, investors have no option than to invest in the treasury market for gains.
Last week, the government mobilised ¢1.95 billion from the treasury market as it accepted all bids tendered.
The uptake exceeded the auction target by 37%.
The yields on the 91-day and 182-day tenors rose slightly to 35.75% and 35.81% respectively, but within the 35% bracket.
Latest Stories
-
I want to focus more on my education – Chidimma Adetshina quits pageantry
2 hours -
Priest replaced after Sabrina Carpenter shoots music video in his church
2 hours -
Duct-taped banana artwork sells for $6.2m in NYC
2 hours -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
3 hours -
Actors Jonathan Majors and Meagan Good are engaged
3 hours -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
3 hours -
Why I rejected Range Rover gift from a man – Tiwa Savage
3 hours -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
3 hours -
Postecoglou backs Bentancur appeal after ‘mistake’
3 hours -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
4 hours -
‘Everything a manager could wish for’ – Guardiola signs new deal
4 hours -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
4 hours -
Netflix debuts Grain Media’s explosive film
4 hours -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
5 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
5 hours