The federal government will borrow GH¢6.32 billion from the treasury market on Might 2nd 2025.
This will probably be achieved by way of the issuance of the 91-day, 182-day, and 364-day payments.
The cash will probably be used to settle GH¢6.09 billion in maturing payments.
Analysts count on modest yield compression within the coming weeks as momentum builds across the bond market reopening, supported by ongoing preparations. This may consequently cut back the federal government home curiosity funds.
“We tip June because the seemingly optimum timing for the reopening, coinciding with a extra steady disinflation path and aligning with the Ministry of Finance’s two-year restoration technique. Within the close to time period, we anticipate sturdy demand within the cash market, supported by improved investor sentiment”, Databank Analysis revealed.
It talked about that selective debt acceptance ought to additional drive yields decrease, enhancing the attraction of longer-term issuance to non-resident buyers on the reopen.
Final week’s treasury public sale attracted complete bids of GH¢7.27 billion, of which GH¢6.70 billion was accepted in opposition to a goal of GH¢6.15 billion.
Yields prolonged their downward pattern, with the 91-day (15.32%), 182- day (16.04%), and 364-day (18.37%) invoice charges declining by 13 foundation factors (bps), 14bps, and 25bps week-on-week, respectively.
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