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Mixed T-Bill Demand At Auction - 273s Outperform

SOUTH AFRICA

Auction results:

  • 1.4 Billion Rand 91-day Bills; Bid-Cover 1.27x (1.31x), Avg yield 3.79% (3.79%)
  • 3.07B Rand 182-day Bills; Bid-Cover 1.32x (1.14x), Avg yield 4.27% (4.14%)
  • 4.549B Rand 273-day Bills; Bid-Cover 1.59x (1.23x), avg yield 4.31% (4.29%)
  • 3.931B Rand 364-day Bills avg yield 4.45% (4.30%)

Mixed to higher demand seen at today's auction. 273-day bills the key outperformer

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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