{"id":1207607,"date":"2022-09-20T08:53:19","date_gmt":"2022-09-20T08:53:19","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/20\/treasury-bills-to-sell-above-32\/"},"modified":"2022-09-20T08:53:19","modified_gmt":"2022-09-20T08:53:19","slug":"treasury-bills-to-sell-above-32","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/20\/treasury-bills-to-sell-above-32\/","title":{"rendered":"Treasury bills to sell above 32%"},"content":{"rendered":"

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Upcoming auctions for Treasury bills may clear above the 32% rate as investors demand a higher risk premium.<\/p>\n

Many analysts believe T-bill yields are likely to continue on their upward trajectory as investors re-price their assets due to higher inflation.<\/p>\n

Inflation shot up to 33.9% in August 2022, fueled by non-food inflation, which went up by 33.36% (+2.3%).<\/p>\n

According to the Weekly Fixed Income Update by Databank Research, domestic investors continue to hold short-term views on the bonds market amidst heightened inflation, focusing on the 2022- 2025 tenors.<\/p>\n

The last bond offering sold at 29.50% in July 2022.<\/p>\n

Government sells \u00a21.92bn worth of Treasury securities<\/strong><\/p>\n

Last week, the Treasury raked in \u00a21.92 billion from the T-bill auction out of \u00a21.94 billion worth of tendered bids. This represented 98.90% of total bids.<\/p>\n

The accepted bids exceeded the refinancing obligation by 19.90% and the auction target by 11.64%.<\/p>\n

The 91-day bill went for 29.91%, whilst the 182-day bill cleared at 31.14%.<\/p>\n

Government to sell \u00a2 1.33bn in T-bills<\/strong><\/p>\n

This week, the government is expected to sell \u00a21.33 billion across the 91-day to 182-day bills to refinance total maturities worth \u00a21.24 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Upcoming auctions for Treasury bills may clear above the 32% rate as investors demand a higher risk premium. Many analysts believe T-bill yields are likely to continue on their upward trajectory as investors re-price their assets due to higher inflation. Inflation shot up to 33.9% in August 2022, fueled by non-food inflation, which went up […]<\/p>\n","protected":false},"author":1,"featured_media":1207608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[4524,2314,9234],"class_list":{"0":"post-1207607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bills","9":"tag-sell","10":"tag-treasury"},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1207607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1207607"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1207607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1207607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1207607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1207607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}