Gov’t T-bill auction oversubscribed for 12 straight weeks by GHC209.73m as yields decline
The persistent oversubscription also suggests that demand remains relatively strong despite the declining yields. Investors submitted bids totaling GHC8.179 billion, exceeding government’s target of GHC7.970 billion.
The government's Treasury bill auction held on September 11, 2026, saw a continued surge in investor demand, with the latest auction being oversubscribed for the 12th consecutive week. The oversubscription reached a rate of 2.63 per cent, indicating strong investor appetite for government securities. Despite the declining yields, the oversubscription suggests that demand remains robust.
Investors submitted bids totaling GHC8.179 billion, surpassing the government’s target of GHC7.970 billion. Government accepted GHC7.205 billion, representing an acceptance rate of 88.09 per cent of total bids, which is 90.41 per cent of the targeted amount. A gap of GHC764.27 million remained between the target and the actual acceptance.
The 91-Day Bill attracted GHC4.561 billion in bids and received GHC4.521 billion at a yield of 4.69 per cent. The 182-Day Instrument had GHC2.071 billion in offers, with GHC1.816 billion accepted at a yield of 6.51 per cent. The 364-Day Bill saw GHC1.562 billion in bids, with GHC867.93 million accepted at a yield of 10.10 per cent.
The auction results highlight a sustained investor interest in government securities, even as returns continue to decrease. Overall, the latest auction underscores the ongoing trend of strong participation in the Treasury bill market, while the government effectively secures funding at progressively lower yields.
Written by urgent.news from 3News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
