{"id":191789,"date":"2025-09-01T15:41:10","date_gmt":"2025-09-01T15:41:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/191789\/"},"modified":"2025-09-01T15:41:10","modified_gmt":"2025-09-01T15:41:10","slug":"t-bills-undersubscribed-by-50","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/191789\/","title":{"rendered":"T-bills undersubscribed by 50%"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/T-bills-undersubscribed-by-50-1998712?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/09\/71376846.295.jpg\" alt=\"Investor appetite for T-bills have weakened\" title=\"Investor appetite for T-bills have weakened\" width=\"295\" height=\"154\" \/> <\/a>Investor appetite for T-bills have weakened<\/p>\n<p id=\"article-123\">Investor appetite for Ghana\u2019s treasury bills continues to weaken, as last week\u2019s auction fell short of expectations by a wide margin.<\/p>\n<p>The government targeted GH\u00a26.72 billion but secured only GH\u00a23.39 billion, reflecting a 50 percent undersubscription.<\/p>\n<p>Although total bids amounted to GH\u00a23.5 billion across the 91-day, 182-day, and 364-day maturities, the final uptake remained subdued.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/T-Bills-Government-sees-first-undersubscription-in-three-weeks-despite-low-interest-rates-1995570\" rel=\"nofollow noopener\" target=\"_blank\">T-Bills: Government sees first undersubscription in three weeks despite low interest rates<\/a><\/p>\n<p>The 91-day bill recorded GH\u00a22.01 billion accepted out of GH\u00a22.05 billion tendered.<\/p>\n<p>For the 182-day bill, GH\u00a21.12 billion was accepted from GH\u00a21.14 billion submitted, while the 364-day bill saw GH\u00a2194 million taken out of GH\u00a2321 million in bids.<\/p>\n<p>Yields on all three maturities edged down slightly.<\/p>\n<p>The 91-day yield slipped to 10.32 percent from 10.41 percent, the 182-day dipped to 12.37 percent from 12.38 percent, and the 364-day eased to 12.99 percent from 13.00 percent.<\/p>\n<p>While some analysts point to competition from other attractive instruments as a factor behind the weak demand, the consistent undersubscriptions suggest deeper concerns about investor confidence.<\/p>\n<p>The government is now targeting GH\u00a23.78 billion in its next auction, hoping for a stronger investor response.<\/p>\n<p>SA\/MA<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Investor appetite for T-bills have weakened Investor appetite for Ghana\u2019s treasury bills continues to weaken, as last week\u2019s&hellip;\n","protected":false},"author":3,"featured_media":191790,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,67,132,68],"class_list":{"0":"post-191789","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115129803472143025","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/191789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=191789"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/191789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/191790"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=191789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=191789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=191789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}