Preloader logo

Treasury Rates for March 29th 2021

Security Interest Rates
91 – Day Bill 12.8744%
182 – Day Bill 13.6540%
364 – Day Bill 16.5717%

The yields on the government’s short-term Treasury assets extended their downward trajectory this week on the back of increased demand for government assets. The gradual but sustained decline in the yields on Treasury papers has seen the 91-day, the 182-day, and the 364-day bills end the first quarter of the year with a year-to-date depreciation of 8.66%, 3.50%, and 2.31% respectively.

The rate of decline in the yield on the 91-day bill moderated this week as it dipped by 2 basis points (bps) to build on previous week’s 10 bps dip. It fell from 12.8962% last week to 12.8744% this week.

The 182-day was little changed this week as it fell marginally to 13.6540% this week from 13.6573% posted last week.

The 364-day bill fell for the sixth consecutive time this week after weakening by 9 bps, adding unto previous issuance’s 9 bps dip. It weakened to 16.5717% this week from 16.6661% recorded last week.

Week-on-Week Changes for 29th March, 2021

Term Previous Current Change Percentage Change
91 – Day 12.8962% 12.8744% -0.02 -0.1690%
182 – Day 13.6573% 13.6540% 0.00 -0.0242%
364 – Day 16.6661% 16.5717% -0.09 -0.5664%

Auction results from Bank of Ghana (BoG) tender 1739 further showed a continuous and sustained strong demand for the government’s assets despite a general decline in rates.

A total of GHC 1,682.2 million worth of bids were tendered for the 91-day, 182-day, and 364-day bills against the government’s target amount of GHC 1,342.00 million. The government subsequently accepted all bids tendered.

Next week, the government will be expected to significantly reduce its intended target amount to raise a total of GHC 666.00 million from 91-day and 182-day bills.

div#stuning-header .dfd-stuning-header-bg-container {background-color: #6d8e25;background-size: cover;background-position: top center;background-attachment: scroll;background-repeat: initial;}#stuning-header div.page-title-inner {min-height: 450px;}