{"id":1234828,"date":"2022-10-26T08:29:13","date_gmt":"2022-10-26T08:29:13","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/26\/interest-rates-to-surge-further-government-to-raise-%c2%a21-12bn-from-t-bills\/"},"modified":"2022-10-26T08:29:13","modified_gmt":"2022-10-26T08:29:13","slug":"interest-rates-to-surge-further-government-to-raise-%c2%a21-12bn-from-t-bills","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/26\/interest-rates-to-surge-further-government-to-raise-%c2%a21-12bn-from-t-bills\/","title":{"rendered":"Interest rates to surge further; government to raise \u00a21.12bn from T-bills"},"content":{"rendered":"

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Interest rates are expected to continue going up as investors seek to close the negative return spread.<\/p>\n

Presently, there is a negative real return between interest rates and inflation.<\/p>\n

Interest rates hit 33% on Friday, October 21, 2022, but the variance between the yields on Treasury bills and inflation is still wide.<\/p>\n

The 91-day and 182-day Treasury bills went for 32.16% and 33.08% respectively last week.<\/p>\n

This comes after the government realised \u00a21.310 billion at the T-bill auction by accepting all bids tendered.<\/p>\n

The auction marked the second successive week of under subscription as the government achieved 83.93% of its auction target. The amount raked in covered 90.54% of the T-bill refinancing obligation.<\/p>\n

Government to raise \u00a21.124 billion from T-bills this week<\/strong><\/p>\n

This week, the government will be seeking to raise \u00a21.124 billion across the 91-day to 364-day bills to refinance the upcoming T-bill maturities of \u00a21.003 billion.<\/p>\n

Secondary market witnessed a total turnover of \u00a23.61bn<\/strong><\/p>\n

Last week, the secondary market witnessed a total turnover of \u00a23.61 billion (11.04% week-on-week).<\/p>\n

Trading activity focused on 2022- 2025 and 2026-2029 maturities, accounting for nearly 90% of executed trades.<\/p>\n

The August 2027 and April 2025 papers saw the most interest, with value traded of \u00a2407 million and \u00a2197 million, respectively.<\/p>\n

Yields inched up at the front end of the yield curve, but declined at the belly and the back end.<\/p>\n

Trading activity is expected to pick up this week, dominated by selling pressures with faint bidding interest.<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Interest rates are expected to continue going up as investors seek to close the negative return spread. Presently, there is a negative real return between interest rates and inflation. Interest rates hit 33% on Friday, October 21, 2022, but the variance between the yields on Treasury bills and inflation is still wide. The 91-day and […]<\/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":[28038,1090,4233,423,1591,3163,5082],"class_list":["post-1234828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-1-12bn","tag-government","tag-interest","tag-raise","tag-rates","tag-surge","tag-tbills"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1234828","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=1234828"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1234828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1234828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1234828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1234828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}