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Demand Slips at Auction W/W, 182s the Exception

SOUTH AFRICA

Auction Results:

  • Sells 888 Million Rand 91-day Bills, Avg Yield 3.63% (3.59%)
  • Sells 2.812B Rand 182-day Bills; Bid-Cover 3.51x (3.48x), Avg yield 4.39% (4.5%)
  • Sells 3.8B Rand 273-day Bills; Bid-Cover 2.37x (2.83x), Avg yield 4.63% (4.64%)
  • Sells 4.2B Rand 364-day Bills; Bid-Cover 1.33x (1.67x), Avg yield 4.73% (4.69%)

    Demand seen lower across the auction this week, with the exception of 182s.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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