{"id":16854,"date":"2020-10-16T19:16:46","date_gmt":"2020-10-16T19:16:46","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=16854"},"modified":"2020-10-16T19:16:46","modified_gmt":"2020-10-16T19:16:46","slug":"t-bills-yields-subscription-down-spiral-continues","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues","title":{"rendered":"T-BILLS YIELDS SUBSCRIPTION DOWN SPIRAL CONTINUES"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE Treasury bill has been undersubscribed by almost fifty per cent thanks to yields decline that shied out short-term investors.<\/p>\n

The under subscription for the mid-week auction for the bills, however, echoed against some debt market analysts who predicted oversubscription.<\/p>\n

According to the auction results, only the 364 days was subscribed albeit under. The government wanted to mop out 84.53bn\/- instead it got 42.79bn\/- from the public which the borrower took all.<\/p>\n

On other hand the 35, 90 and 182 days bills attracted no buyers.<\/p>\n

Tanzania Securities predicted the yields in short-term government instruments are expected to increase, with under subscriptions expectation \u201cif yields will continue to decline further\u201d.<\/p>\n

\u201cWe may see under subscription of the Treasury bill, as the yields decline shied out investors who are looking to invest in short-term,\u201d Tanzania Securities said in its Weekly Market Blast on Tuesday.<\/p>\n

Furthermore, the stock brokerage firm, said the government securities yield curve will continue to remain normal, with expectations in the yields on treasuries \u201cwill improve after reaching a resistance level\u201d.<\/p>\n

The 364 bill average weighted price was 96\/16 with a yield rate of 4.01 per cent.<\/p>\n

\u201c\u2026We still reiterate to foresee that weighted average rate will continue to increase and to be within a range of 3.50 per cent to 4.20 per cent with slight volatility in the high and low rate,\u201d Tanzania Securities said.<\/p>\n

Zan Securities, however, predicted on its Weekly Market Wrap-Up that the bills may be oversubscribed, but the results drove the other way.<\/p>\n

\u201cWe expect Treasury Bills to oversubscribe\u201d at the mid-week this week, Zan Securities said.<\/p>\n

Three weeks ago, analysts had it that the T-bills trends portrayed slim chances of near future significant up swing of yields due to the government move to cut cost of borrowing.<\/p>\n

The bills yields and subscription levels started going down since January to reach historical low at the end of last month and are keeping dropping.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE Treasury bill has been undersubscribed by almost fifty per cent thanks to yields decline that shied out short-term investors. The under subscription for the mid-week auction for the bills, however, echoed against some debt market analysts who predicted oversubscription. According to the auction results, only the 364 days was subscribed albeit under. The […]<\/p>\n","protected":false},"author":84,"featured_media":16861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[6233,1864,694],"class_list":["post-16854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-tanzania-securities","tag-treasury-bills","tag-zan-securities"],"yoast_head":"\nT-BILLS YIELDS SUBSCRIPTION DOWN SPIRAL CONTINUES - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Treasury bill has been undersubscribed by almost fifty per cent thanks to yields decline that shied out short-term investors.The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T-BILLS YIELDS SUBSCRIPTION DOWN SPIRAL CONTINUES\" \/>\n<meta property=\"og:description\" content=\"THE Treasury bill has been undersubscribed by almost fifty per cent thanks to yields decline that shied out short-term investors.The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-16T19:16:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/10\/23e3a8aabf48d01f7ab01a29d063ce21.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"T-BILLS YIELDS SUBSCRIPTION DOWN SPIRAL CONTINUES\",\"datePublished\":\"2020-10-16T19:16:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/10\/23e3a8aabf48d01f7ab01a29d063ce21.png\",\"keywords\":[\"Tanzania Securities\",\"TREASURY bills\",\"Zan Securities\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/t-bills-yields-subscription-down-spiral-continues\",\"name\":\"T-BILLS YIELDS SUBSCRIPTION DOWN SPIRAL CONTINUES - 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