NR Bonds and Treasury Market Performance

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, January 27, 2022.

The Bank of Ghana’s Treasury bills auction worth GH¢1,278.00 million was oversubscribed by 60.69%. At the end of the Auction, T-bills worth GH¢1,357.48 million were accepted across 91-Day bills, GH¢491.45 million across 182-Day bills and GH¢134.17 million across 364-Day bills.

Accepted bids fell below tendered bids by GH¢70.47 million representing an acceptance rate of 96.57%, a decrease of 343bps compared to a 42bps decrease the previous week.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, December 16, 2022.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, December 9, 2022.

The 91, 182 and 364 day treasury bills auctioned by the Bank of Ghana (BoG) on behalf of the government, saw some GHS 2,405 million mobilised as credit from investors to the government.

The secured GHS 2,405 million was against a programmed auction target of GHS 1,816 million.

Government, in accepting the GHS 2,405 million bids tendered, exceeded its target by GHS 589 million.

0versubscription of government’s T-Bills is believed to be the result of the exemption of the short-term debt security from the Domestic Debt Exchange Programme.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, December 2, 2022.

Despite the expected announcement of a debt restructuring programme by the government, the Treasury bills auction target was exceeded by GH¢914.43 million.

The yield on 91-Day Bills and 182-Day Bills settled at 36.18% and 36.73% respectively. The yield curve also remains inverted reflecting the sentiments investors have following the announcement of a ‘haircut’ for government bonds.

The target for the next auction (Tender #1828) isGH¢1,816.00 million in 91-Day Bills,182-Day Bills and 364-Day Bills.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, November 25, 2022.

At last week’s auction, the Government exceeded its target by GH¢216.27 million as investors’ demand for treasury bills increased.

The yield on 91-Day Bills, 182-Day Bills and 364-Day Bills settled at 35.54%, 36.38% and 35.90% respectively.

The target for the next auction (Tender #1827) is GH¢1,852.00 million in 91-DayBills, 182-Day Bills, and 364-Day Bills.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, November 18, 2022.

At last week’s auction, the Government exceeded its target by GH¢488.48 million as investors’ demand for treasury bills increased.

The yield on the 91-Day bills advanced by 80.2bps to 35.20% and 182-Day bills cleared higher by 48.9bps to 35.99% respectively.

The target for the next auction (Tender #1826) is GH¢2,176.00 million in 91-DayBills, 182-Day Bills, and 364-DayBills.

This episode gives updates on Treasury and Bonds Market (TENDER #1824) for last week - ending Friday, November 11, 2022.

Government failed to once again achieve its Treasury bills auction target for the fifth week running as GH¢1,977.41 million was secured against a target of GH¢2,060.00 million.

Chunk of the bids came from the 91-Day Bills, as GH¢1,827.52 million bids were received of which all bids were accepted whiles the 182- Day Bills received bids worthGH¢142.03million.

The 364-Day Bills received bids worthGH¢7.86 million.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, November 4, 2022.

Undersubscription of government treasury bills continues as the government, in its latest T-Bills auction, failed to secure its target of GHS 1,316m.

Some GHS 1,235m were tendered as bids for the short-term debt instruments (91, 182 and 364 days) by primary dealers, with the secured amount falling behind the auction target by some GHS 81m.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, October 28, 2022.

Government’s target was met with a lower bid size for a third week running; with this trend happening only for a second time this year.

This episode gives updates on Treasury and Bonds Market for last week - ending Friday, October 21, 2022.

For a second week running, bids tendered were below Government’s target by GH¢250.83 million.