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Mixed Sentiment Slides Into T-Bill Auctions as Auction Size Declines

SOUTH AFRICA
Bills Auction Results
  • 1.266 Billion Rand of 90-day Bills, Bid to cover 1.27x (2.69x), yield 3.79% (3.75%)
  • 835m Billion Rand 182-day Bills, Bid to cover 2.07x (1.37x), yield 4.02% (3.93%)
  • 3.8 Billion Rand 272-day Bills, Bid to cover 1.05x (1.17x), yield 4.43% (4.14%)
  • 4.44 Billion Rand 363-day Bills, Bid to cover 1.60x (1.04x), yield 4.40% (4.17%)
  • Similar to linkers, inconsistent auction with mixed bid to covers and yields. Auction size decreased in 90, 182 & 272s
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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