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T-bills: Government exceeds target by 73%, but yield on one-year bill hits 12.98%
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News – MyJoyOnline
The government exceeded its treasury bills target by 73%, with the one-year bill yield inching up to almost 13.0%.
According to auction results by the Bank of Ghana, most investors once again bought more of the 364-day bill due to its high interest rate.
The government got GH¢10.7 billion of the bids tendered but accepted GH¢9.4 billion.
The 364-day bill was once again the most subscribed bill, with a little over GH¢6.0 billion of the bids tendered, representing 55.8% of the total bids.
For the 91-day bill, GH¢6.0 billion of the bids were tendered.