• About Us
  • Contact
Wednesday, May 21, 2025
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Economic

Why Government securities market registered mixed performance in Q2, 2023

by Editor
25/08/2023
in Economic
0
Why Government securities market registered mixed performance in Q2, 2023
Share on FacebookShare on Twitter

Government securities primary auctions registered a mixed performance during the quarter ending June 2023, with investors’ preference leaning on the longer end of the yield curve.

According to the latest Quarterly Economic Bulletin released by the Bank of Tanzania (BoT), during the quarter under review, Treasury bills worth 709.2bn/- were auctioned to cater for government financing needs and liquidity management.

Total bids received amounted to 608.2bn/-, of which 544.3bn/- were successful.

“The weighted average yield increased to an average of 6.59 percent from 3.87 percent in the corresponding quarter in 2022,” the report says.

The Central Bank during the period under review also conducted Treasury bonds auctions for all maturities except the 7-year one to cater for government financing needs.

According to the latest Quarterly Economic Bulletin released by the Bank of Tanzania (BoT), during the quarter under review, Treasury bills worth 709.2bn/- were auctioned to cater for government financing needs and liquidity management. PHOTO | COURTESY.

Treasury bonds worth 1.359.3trn/- were issued for auction during the quarter, which received bids amounting to 1.5trn/-

Out of the total bids, 1.29trn/- were successful. Yields to maturity rose across all tenures relative to the previous quarter, with exception of the 2-year bond.

Transactions valued at 7.57trn/- were traded in the interbank cash market (IBCM) during the quarter, higher than 7.33trn/- in the corresponding quarter in 2022.

“Transactions of 2 to 7-days remained dominant, accounting for 77 percent of the total market turnover,” the report says.

The overnight IBCM interest rate remained stable, though it increased to an average of 3.76 percent from 2.05 percent in the quarter ending June 2022.

Similarly, the overall 2 to 7-days IBCM interest rates rose to 5.06 percent and 5.09 percent, respectively.

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#LatestTBWNews#TanzaniaBusinessNews
Editor

Editor

Next Post
Exim Bank Group launches program to advance women’s economic empowerment

Exim Bank Group launches program to advance women’s economic empowerment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Wed, 21 May.

Recommended

Analysis: Why Tanzania stands to benefit from new intra-African trading bloc

Analysis: Why Tanzania stands to benefit from new intra-African trading bloc

3 years ago
Tanzanian retail-tech startup Ramani secures $32m Series A funding

Tanzanian retail-tech startup Ramani secures $32m Series A funding

2 years ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Oil and Gas
    • Others
    • Q&A Interviews
    • Real estate
    • Sectors
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili