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Mixed T-Bill Demand at Auction: 273s Underperform, 182s Improve

SOUTH AFRICA

T-Bill Auction Results:

  • 815 Million Rand 91-day Bills; Bid-Cover 1.26x (1.31x), avg yield 3.82% (3.79%)
  • 3.07B Rand 182-day Bills; Bid-Cover 1.76x (1.32x), avg yield 4.42% (4.27%)
  • 4.04B Rand 273-day Bills; Bid-Cover 1.08x (1.59x), avg yield 4.78% (4.31%)
  • 4.44B Rand 364-day Bills; Bid-Cover 1.4x, avg yield 4.77% (4.45%)

Mixed to weaker demand across the auction with 273-day bills underperforming, while 182s improve.

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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