{"id":270250,"date":"2024-12-25T00:20:09","date_gmt":"2024-12-25T00:20:09","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/25\/govt-misses-t-bills-target-by-ghs-60m-as-yields-increase\/"},"modified":"2024-12-25T00:20:09","modified_gmt":"2024-12-25T00:20:09","slug":"govt-misses-t-bills-target-by-ghs-60m-as-yields-increase","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/25\/govt-misses-t-bills-target-by-ghs-60m-as-yields-increase\/","title":{"rendered":"Gov&#8217;t misses T-bills target by GHS 60m as yields increase"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Treasury bills faced a marginal undersubscription last week, with the government accepting bids totalling GHS 5.40 billion against a target of GHS 5.46 billion, reflecting a shortfall of GHS 60 million.<\/p>\n<p>This contrasts with the previous week\u2019s oversubscription of GHS 1.35 billion, highlighting a shift in market dynamics. Maturities for the week stood at GHS 5.12 billion, per data from the Bank of Ghana (BoG).<\/p>\n<p>Breaking down the performance by tenor, the 91-day Treasury bill remained the most sought-after, attracting all GHS 4.02 billion in bids.<\/p>\n<p>The 182-day bill saw bids of GHS 867 million, while the 364-day bill garnered GHS 508 million. Across all tenors, yields experienced marginal increases.<\/p>\n<p>The 91-day and 182-day bill yields each rose by eight basis points to 27.85% and 28.57%, respectively. Meanwhile, the 364-day bill yield edged up by one basis point to 29.94%, signalling a continued rise in borrowing costs.<\/p>\n<p>Market analysts attributed the slight undersubscription to heightened participation in the Bank of Ghana\u2019s separate bill auction, which saw a robust uptake of approximately GHS 6.9 billion.<\/p>\n<p>They anticipate yields will remain elevated as the central bank sustains its contractionary open market operations to manage liquidity.<\/p>\n<p>Looking ahead, the government aims to raise GHS 4.26 billion in its upcoming auction, which will test investor appetite in a market characterized by rising yields and increasing competition for funds.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Treasury bills faced a marginal undersubscription last week, with the government accepting bids totalling GHS 5.40 billion against a target of GHS 5.46 billion, reflecting a shortfall of GHS 60 million. This contrasts with the previous week\u2019s oversubscription of GHS 1.35 billion, highlighting a shift in market dynamics. Maturities for the week stood at GHS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":162974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-270250","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gov&#039;t misses T-bills target by GHS 60m as yields increase - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/12\/25\/govt-misses-t-bills-target-by-ghs-60m-as-yields-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov&#039;t misses T-bills target by GHS 60m as yields increase - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Treasury bills faced a marginal undersubscription last week, with the government accepting bids totalling GHS 5.40 billion against a target of GHS 5.46 billion, reflecting a shortfall of GHS 60 million. This contrasts with the previous week\u2019s oversubscription of GHS 1.35 billion, highlighting a shift in market dynamics. 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