Treasury bill auction falls GHC1.53bn short of target as yields diverge

 Government accepted GH¢3.48 billion in treasury bill bids in its latest auction, falling short of its GH¢5.01 billion target as yields recorded mixed movements across the three tenors.

The amount accepted represents about 69.5% of the target, leaving a shortfall of approximately GH¢1.53 billion.

The government accepted less than the amount tendered across all three tenors, with the 91-day bill accounting for the largest share of accepted bids.

Yields rose on the 91-day and 182-day bills but eased on the 364-day instrument.

Investors tendered GH¢2.94 billion for the 91-day bill, of which GH¢2.20 billion was accepted.

The yield rose marginally to 4.62% from 4.60%.

For the 182-day bill, bids totalled GH¢1.11 billion, while GH¢692 million was accepted.

The 364-day bill attracted GH¢1.12 billion in bids, with GH¢587 million accepted.

Government is targeting GH¢3.80 billion in its next treasury bill auction.