After two consecutive weeks of weak investor interest, demand for Treasury bills rebounded strongly last week, rising by GH¢1.06 billion.
Latest data from the Treasury show that the government’s T-bill auction was oversubscribed, signaling renewed investor confidence.
After two straight weeks of weak investor interest, demand for Treasury bills bounced back sharply last week.
According to the latest data from the Treasury, the government recorded an oversubscription in its T-bill auction, indicating a renewed wave of investor confidence.
Total bids amounted to GH¢6.51 billion, surpassing the target of GH¢5.26 billion by 23.5 per cent.
The 91-day bill led the auction, attracting GH¢5.41 billion in bids, with GH¢5.40 billion accepted.
The 182-day bill followed, recording GH¢941 million in bids, of which GH¢786 million was accepted.
The 364-day bill received GH¢150 million in bids, with GH¢140 million accepted.
Market analysts attribute the strong performance largely to increased participation from institutional investors.
Yields showed a mixed trend across the short-term curve. The 91-day bill inched up by 6 basis points to 10.53 per cent from 10.47 per cent. In contrast, the 182-day bill declined by 5 basis points to 12.30 per cent from 12.35 per cent, while the 364-day bill slipped slightly by 1 basis point to 12.86 per cent from 12.87 per cent the previous week.
For the upcoming auction, the government aims to raise GH¢6.57 billion.
