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Home Economic

Government securities market exhibits mixed performance in January 2023

by Editor
01/03/2023
in Economic
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Government securities market exhibits mixed performance in January 2023
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Government securities primary auctions exhibited mixed performance in January 2023, with Treasury bills recording a robust performance relative to Treasury bonds.

According to the Bank of Tanzania (BoT) Monthly Economic Review for January, 2023, during the month, the Bank conducted one Treasury bills auction with a tender size of 177.4bn/-

“The auction was oversubscribed receiving bids worth 266.2bn/- of which 229.8bn/- were successful,” the report says.

Weighted average yield increased to an average of6.78 percent from 6.11 percent in the preceding month.

Government securities primary auctions exhibited mixed performance in January 2023, with Treasury bills recording a robust performance relative to Treasury bonds. PHOTO / COURTESY.

The Bank of Tanzania also conducted 2-, 5- and 15-year Treasury bond auctions with a combined tender size of 405.2bn/- for government budgetary financing.

The auctions were undersubscribed receiving bids amounting to 276.8bn/- , of which 227.6bn/- were successful.

Yields to maturity increased to 9.37 percent, 9.67 percent and 11.43 percent for the 2-, 5- and 15-year Treasury bonds, respectively.

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#TanzaniaBusinessNews
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