| T-Bills auction results four times higher | Send to a friend |
| Thursday, 02 February 2012 22:09 |
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The Citizen Reporter Dar es Salaam. The Treasury Bills auction was oversubscribed this week despite the decrease in interest rates across bills of all maturities as investors sent bid four times more than the amount offered. The weighted average yield for 364 day T-Bills were reduced from 18.44 per cent in the last auction to 15.30 in the Wednesday’s auction. Other bills whose yield rates were decreased include the 35-day that was reduced from 10.67 per cent to 7.73 per cent, the 91-day which was reduced to 13.18 per cent from 13.67 per cent and the 182-days that came down to 16.21 per cent from 17.70 per cent per annum. The Sh100 worth T-Bills offered by the central bank on Wednesday were oversubscribed more than four times attracting 353 bids worth of Sh440.3 billion, and the BoT accepted only 62 bids equivalent to the amount offered. Every category of the maturities was oversubscribed but the highest concentration was experienced in the 364-day followed by the 182-day. The last auction of the T-Bills was also oversubscribed by 69 per cent followed by a Treasury Bonds auction, which attracted bids triple the amount offered. The Tanzania Securities business analyst, Mr Moremi Marwa, said the oversubscription of the government securities reflected easing of the liquidity size. Add this page to your favorite Social Bookmarking websites           |
