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Demand Slips for T-Bills at Auction, 364-Day Bills the Exception

SOUTH AFRICA

T-Bill Auction Results:

  • 1.4B Rand 91-day Bills; Bid-Cover 1.31x (1.64x), Avg yield 3.79% (3.78%)
  • 3.07B Rand 182-day Bills; Bid-Cover 1.14x (1.22x), Avg yield 4.14% (4.08%)
  • 4.04B Rand 273-day Bills; Bid-Cover 1.23x (2.15x), Avg yield 4.29% (4.26%)
  • 4.44B Rand 364-day Bills; Bid-Cover 1.67x (1.55x), Avg yield 4.2% (4.3%)
  • Demand lower across the breadth of the auction with the exception of 364 day bills
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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