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Treasury measure marketplace records a 16.29% undersubscription past week
The Treasury measure marketplace recorded a 16.29% undersubscription past week, arsenic full bids of GH¢5.29 cardinal fell abbreviated of the government’s people of GH¢6.32 billion.
The acceptance rate, however, remained precocious astatine 89.36%, according to marketplace information from SIC Brokerage.
The 91-day measure attracted the astir interest, with GH¢2.99 cardinal tendered and afloat accepted, representing 63% of full funds raised.
The 182-day and 364-day tenors attracted GH¢869.04 cardinal and GH¢1.44 cardinal respectively, though not each bids were accepted arsenic the authorities took up GH¢4.73 cardinal successful total.
Yields declined sharply crossed the curve. The 91-day measure fell to 15.23%, down 57 ground points from the erstwhile week. The 182-day measure saw the steepest decline, dropping by 162bps to 15.77%.
The 364-day measure output besides dropped by 168bps to settee astatine 16.96% resulting successful a cumulative output diminution of 387 ground points.
The adjacent auction, scheduled for May 9, targets GH¢5.39 cardinal successful the 91, 182, and 364-day bills auction which is immoderate 14.8% beneath the erstwhile auction.
SP/EB
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