Total offers got for depository bills closeout in November 2024 was assessed at GH¢21.5 billion.
This missed the mark concerning the public authority's gross objective of GH¢22.8 billion.
The public authority apportioned all offers to surpass the renegotiating commitment by 8.3%. In any case, it missed the mark concerning the objective by 5.5% with a supported gamble of the uncovered closeout in December 2024 as renegotiating commitment leaps to GH¢26.1 billion.
Significantly, financial backer interest for the T-bills expanded by 27.2% month-on-month in November 2024 yet stayed lacking to completely cover the high sale focus for the month under audit.
In the mean time, obviously, yields stayed on the upswing in November 2024, averaging 90 premise focuses (bps) across the T-bills with restored close term expansion vulnerability and relentless Depository acquiring strain as the primary drivers.
The 91-day yield climbed the steepest (+100bps) to 27.2%, the 182-day (28.0%) and the 364-day yields (29.8%) additionally acquired 70bps and 85bps, individually.
For financial backers with higher inclination for liquidity and fair return, investigators tipped the 182-day tenor since the 364-day yield doesn't offer sufficient pad against its span risk.