The federal government recorded 75% oversubscription of treasury payments to the tune of GH¢6.78 billion.
That is regardless of rates of interest happening.
In accordance with the public sale outcomes, the federal government accepted GH¢5.48 billion of the full bids tendered by the buyers.
Nearly all of the bids got here from the 91-day invoice.
A little bit over GH¢4.8 billion, representing 71% of the bids have been tendered for the 3-months invoice. The uptake was GH¢4.320 billion.
For the 182-day invoice, GH¢1.156 billion of the bids have been tendered. The bids accepted have been estimated to the tune of GH¢823.28 million.
Then again, GH¢774.65 million have been tendered for the 364-day invoice. About GH¢343 million have been tendered.
In the meantime, the yield on the 91-day invoice went down by 54 foundation factors to 10.29%.
That of the 182-day invoice additionally fell to 12.35% from 13.22%.
Equally, the yield on the 364-day invoice decreased by 1006 foundation factors to 13.24%.
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