According to the Bank of Tanzania (BoT)
auction summary the amount tendered was slightly down to 196.98bn/-
compared to 259.14bn/-of the preceding short term maturities. Yield
rates declined across all tenures but did not discourage or reduce the
amount tendered.
The two tenures 364 and 182 days
contributed about 98 per cent of the total bids while 91 and 35 shared
the remaining. The 364 and 182 days offer attracted bids worth
128.73bn/- and 65.65bn/-respectively against 85bn/- and 51bn/- offered
to the market for bidding while the 91 days and 35 days offer attracted
2.1bn/-and 500m/-respectively against 2bn/-and 500m/- offered to the
market.
Yield rates for the 364 and 182 days
offer were 15.82 per cent and 14.67 per cent compared to 15.86 per cent
and 14.95 per cent of the previous session held two weeks ago. For the
91 days tenure, interest rate was 7.10 per cent and 6.80 per cent
compared to 7.23 per cent 7.50 per cent of the preceding session.
The highest and lowest bid/100 for the
364 and 182 days offers were 86.69/ 84.20 and 93.32/ 92.61 respectively
while for the 91 and 35 days tenor had 98.26/ 98.25 and 99.35/ 99.35.
The minimum successful price/100 for the 364, 182 and 91 days offer were
85.95, 93.08, 98.26 and 99.35 respectively.
The weighed average price for successful
bid for the 364 tenure was 86.34, the 182 days offer was 86.37, 91 days
offer was 93.19 and 98.26.
Major investors in the one-year treasury
bills are commercial banks, pension funds, insurance companies and some
micro-finance institutions.
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