{"id":17970,"date":"2020-11-03T18:31:43","date_gmt":"2020-11-03T18:31:43","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=17970"},"modified":"2020-11-03T18:31:43","modified_gmt":"2020-11-03T18:31:43","slug":"analysts-predict-yields-to-fall-for-20-year-bond","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond","title":{"rendered":"ANALYSTS PREDICT YIELDS TO FALL FOR 20-YEAR BOND"},"content":{"rendered":"

Author:\u00a0ABDUEL ELINAZA<\/strong>
\nAfricaPress-Tanzania:<\/strong> THE 20-year Treasury bond yield is expected to slightly decline at tomorrow\u2019s auction, but oversubscription is imminent.<\/p>\n

The yield, according to some debt analysts, will decline as the bond, in recent auctions, was sold at or above the premium price, following huge investors\u2019 appetite.<\/p>\n

Tanzania Securities said in a Weekly Market Blast on Monday\u00a0that they projected the yield rate for long-term securities to slightly decline, but oversubscription loomed large.<\/p>\n

\u201c\u2026[The] oversubscriptions are expected since this [20 years] instrument is most popular and highly demanded due to higher return in terms of coupon,\u201d Tanzania Securities said.<\/p>\n

Furthermore, the stock brokerage firm said the government securities yield curve \u201cwill continue remaining normal\u201d.<\/p>\n

Zan Securities Chief Executive Officer Raphael Masumbuko projected that the bond would attract interest from investors.<\/p>\n

\u201cWe expect next week\u2019s auction for 20\u2013year Treasury bond to garner much interest from investors,\u201d Mr Masumbuko said.<\/p>\n

The downward yield trend followed significant auction oversubscription, meaning falling rates across all papers since the beginning of the year.<\/p>\n

On a quarterly basis in three months to June, all bonds, with an exception of a 2-year auction that was cancelled, 10-year and 15-year and 20-year-yield rate fell between 0.20 per cent and over 1.50 per cent.<\/p>\n

The government wants to raise 136bn\/- at tomorrow\u2019s 20-year bond auction which has a coupon rate of 15.49 per cent.<\/p>\n

The coupon rate dropped by a 0.36 percentage point from 15.85 per cent offered in this April.<\/p>\n

The 20-year T-Bond yield to maturity dropped to 15.63 per cent in July, down from 16.29 per cent in February.<\/p>\n

Since the long-tenure was introduced in the market, the 20-year bond continued being the darling of debt investors.<\/p>\n

In recent auctions despite sales per or above premium, the instrument continued being oversubscribed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author:\u00a0ABDUEL ELINAZA AfricaPress-Tanzania: THE 20-year Treasury bond yield is expected to slightly decline at tomorrow\u2019s auction, but oversubscription is imminent. The yield, according to some debt analysts, will decline as the bond, in recent auctions, was sold at or above the premium price, following huge investors\u2019 appetite. Tanzania Securities said in a Weekly Market Blast […]<\/p>\n","protected":false},"author":84,"featured_media":17948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[1801,2975],"class_list":["post-17970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-raphael-masumbuko","tag-treasury-bond"],"yoast_head":"\nANALYSTS PREDICT YIELDS TO FALL FOR 20-YEAR BOND - Tanzania<\/title>\n<meta name=\"description\" content=\"THE 20-year Treasury bond yield is expected to slightly decline at tomorrow\u2019s auction, but oversubscription is imminent.The yield,\" \/>\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\/analysts-predict-yields-to-fall-for-20-year-bond\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ANALYSTS PREDICT YIELDS TO FALL FOR 20-YEAR BOND\" \/>\n<meta property=\"og:description\" content=\"THE 20-year Treasury bond yield is expected to slightly decline at tomorrow\u2019s auction, but oversubscription is imminent.The yield,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond\" \/>\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=\"2020-11-03T18:31:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/11\/1bffdd2634670552303f1c5f51c0e4a4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\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=\"1 minute\" \/>\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\/analysts-predict-yields-to-fall-for-20-year-bond#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ANALYSTS PREDICT YIELDS TO FALL FOR 20-YEAR BOND\",\"datePublished\":\"2020-11-03T18:31:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/11\/1bffdd2634670552303f1c5f51c0e4a4.jpg\",\"keywords\":[\"Raphael Masumbuko\",\"Treasury bond\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yields-to-fall-for-20-year-bond\",\"name\":\"ANALYSTS PREDICT YIELDS TO FALL FOR 20-YEAR BOND - 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