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T-Bill Demand Slips at Auction, 182s the Exception

SOUTH AFRICA

T-Bill Auction Results:

  • Sells 301 Million Rand 91-day Bills; Bid-Cover 2.33x (2.54x), Avg yield 3.59% (3.86%)
  • Sells 2.94B Rand 182-day Bills; Bid-Cover 3.48x (3.01x), Avg yield 4.5% (4.62%)
  • Sells 3.99B Rand 273-day Bills; Bid-Cover 2.83x (4.27x), Avg yield 4.64% (4.74%)
  • Sells 4.3B Rand 364-day Bills; Bid-Cover 1.67x (2.00x), Avg yield 4.69% (4.79%)
Demand seen lower across the majority of the auction with the exception of 182s. Notable drop-off in demand for 273s.
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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