{"id":90367,"date":"2025-08-19T11:26:34","date_gmt":"2025-08-19T11:26:34","guid":{"rendered":"https:\/\/sotnews.agency\/?p=90367"},"modified":"2025-08-19T11:26:34","modified_gmt":"2025-08-19T11:26:34","slug":"t-bills-auction-weak-demand-due-to-shift-of-institutional-funds-into-high-yielding-instruments","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=90367","title":{"rendered":"T-bills auction: Weak demand due to shift of institutional funds into high-yielding instruments"},"content":{"rendered":"
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The persistent weak demand for treasury bills is likely due to a shift of institutional funds into higher-yielding alternatives such as fixed deposits and repos.<\/p>\n

\u00a0In addition, the Bank of Ghana\u2019s Open Market Operations continue to attract high demand from investors.<\/p>\n

The recent auction for the short-term bills attracted GH\u00a28.8 billion from banks ahead of the August 22, 2025, primary auction, further diluting liquidity in the treasury bill market.<\/p>\n

\u201cIn the coming week, we expect investor participation to remain subdued amid modest yield compression\u201d, Databank Research mentioned.<\/p>\n

Last week\u2019s primary Treasury bill auction was undersubscribed by 35.7% against the GH\u00a24.24 billion target.<\/p>\n

The Treasury accepted GH\u00a22.73 billion from the GH\u00a23 billion tendered, covering only 64% of maturities worth GH\u00a23.84 billion.<\/p>\n

Yields fell across the curve, with the 91-day down 6 basis points to 10.14%. Both the 182-day and 364-day papers dipping 2.0 basis points to 12.23% and 13.08% week-on-weekw, respectively.<\/p>\n<\/div>\n

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\"T-bills\u201cIn the coming week, we expect investor participation to remain subdued amid modest yield compression\u201d, Databank Research mentioned.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,2367,12,6863,4398,10,9,2060],"tags":[],"class_list":["post-90367","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-bog","category-business","category-institutional-funds","category-omo","category-politics","category-popular","category-t-bills"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/90367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90367"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/90367\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}