{"id":17105,"date":"2020-10-21T19:44:51","date_gmt":"2020-10-21T19:44:51","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=17105"},"modified":"2020-10-21T19:44:51","modified_gmt":"2020-10-21T19:44:51","slug":"seven-year-bond-oversubscription-tests-yields","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields","title":{"rendered":"SEVEN-YEAR BOND OVERSUBSCRIPTION TESTS YIELDS"},"content":{"rendered":"<p><strong>AfricaPress-Tanzania:<\/strong> THE increase in appetite for the seven-year Treasury bonds set for auction today is subject to upward change in yield after investors losing interest when rates dropped to resistance level.<\/p>\n<p>In the recent past, government securities, have been sold at premium that have affected yield rates, at end of day shunning away investors.<\/p>\n<p>The low yields are advantageous to the government since it sources fund at affordable rates.<\/p>\n<p>Thus debt analysts are predicting that even the sevenyear Treasury bond may fail to be oversubscribed due to low yields and high bid prices.<\/p>\n<p>Tanzania Securities said in weekly market blast that they may see oversubscription of the seven-year Treasury bond, but subjected to the increase in weighted average yield.<\/p>\n<p>\u201cThe yields in short-term and medium-term government instruments are expected to increase, with undersubscription expectation, if yields will continue to decline further,\u201d Tanzania Securities said.<\/p>\n<p>\u201cFurthermore,\u201d the brokerage firm said, \u201cthe government securities yield curve will continue to remain normal, with expectations in the yields on treasuries will improve after reaching a resistance level\u201d.<\/p>\n<p>Also another brokerage firm, Zan Securities, said the seven-year Treasury bond may fail to attract the required interest from investors affected by low yields and high bid prices.<\/p>\n<p>\u201cWe think [today\u2019s] auction for seven-year Treasury bond might not attract much interest from investors,\u201d Zan said in its Weekly Market Wrap-ups.<\/p>\n<p>The seven-year bond if sold at par value will join 2-year, 10, and 20-year bonds, which had been sold above premium prices at primary auction, a trend that seems to assist treasury to low the cost of borrowing.<\/p>\n<p>Previous, Orbit Securities Head of Research and Analytics, Imani Muhingo, said increased investors\u2019 appetite are continuously pushing bond prices to above the par value while assisting the government\u2019s move to lower the cost of borrowing.<\/p>\n<p>\u201cOn one hand\u201d, Mr Muhingo said, \u201cthe occurrence lowers both, the cost of debt for the government and interest rates in the economy, which are both paramount\u201d.<\/p>\n<p>While on the other hand, \u201cthe over pouring of funds into Treasuries may crowd out investment into the private sector, although as Treasury yields drop, we may, and have seen a spill over into other financial instruments such as equities and units,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Tanzania: THE increase in appetite for the seven-year Treasury bonds set for auction today is subject to upward change in yield after investors losing interest when rates dropped to resistance level. In the recent past, government securities, have been sold at premium that have affected yield rates, at end of day shunning away investors. The [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":8507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2158,2975,694],"class_list":["post-17105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-imani-muhingo","tag-treasury-bond","tag-zan-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEVEN-YEAR BOND OVERSUBSCRIPTION TESTS YIELDS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE increase in appetite for the seven-year Treasury bonds set for auction today is subject to upward change in yield after investors losing interest\" \/>\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\/seven-year-bond-oversubscription-tests-yields\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEVEN-YEAR BOND OVERSUBSCRIPTION TESTS YIELDS\" \/>\n<meta property=\"og:description\" content=\"THE increase in appetite for the seven-year Treasury bonds set for auction today is subject to upward change in yield after investors losing interest\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields\" \/>\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=\"2020-10-21T19:44:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/05\/3a0afbad5065e1b6679b918fbf0ac1d5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\/seven-year-bond-oversubscription-tests-yields#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SEVEN-YEAR BOND OVERSUBSCRIPTION TESTS YIELDS\",\"datePublished\":\"2020-10-21T19:44:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields\"},\"wordCount\":373,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/05\/3a0afbad5065e1b6679b918fbf0ac1d5.jpg\",\"keywords\":[\"Imani Muhingo\",\"Treasury bond\",\"Zan Securities\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/seven-year-bond-oversubscription-tests-yields\",\"name\":\"SEVEN-YEAR BOND OVERSUBSCRIPTION TESTS YIELDS - 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