Investor interest in government treasuries surged.

Investor interest in government treasuries increased as total bids exceeded the objective by around 20.41%.

The Bank of Ghana auction yielded bids worth GH¢9.1 billion, exceeding the aim of GH¢7.5 billion.

The 91-day measure attracted bids worth around GH¢6.54 billion. The uptake was GH¢6.53 billion. The bids for the 182-day bill totalled GH¢1.06 billion.

The accepted bids were assessed at GH¢1.05 billion. Similarly, GH¢1.50 billion in bids were tendered for the 364-day bill.

Approximately GH¢1.4 billion of proposals were accepted. Meanwhile, yields increased somewhat, with the 91-day and 182-day bills climbing.

Source: newsthemegh.com