{"id":19091,"date":"2020-11-24T18:01:51","date_gmt":"2020-11-24T18:01:51","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=19091"},"modified":"2020-11-24T18:01:51","modified_gmt":"2020-11-24T18:01:51","slug":"govt-bonds-appetite-seems-to-fade-off","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off","title":{"rendered":"GOVT BONDS APPETITE SEEMS TO FADE OFF"},"content":{"rendered":"

Author: ABDUEL ELINAZA<\/strong>
\nAfricaPress-Tanzania:<\/strong> The debt investors\u2019 appetite for government securities seems to waning off after the ten-year bond was undersubscribed by 43.25 per cent during last week auction.<\/p>\n

The last week under subscription was a change of scenery after years of raising significant appetite of government securities which was pushed by yields and prices.<\/p>\n

The results, also, was against debt market analysts who projected that the instrument to continue being oversubscribed based on increase appetite and yields.<\/p>\n

The Bank of Tanzania (BoT) wanted to raise 110.03bn\/- from 10 years bond while the public\u2019s tender 62.44bn\/- equals an under subscription rate of 43.25 per cent.<\/p>\n

Orbit Securities on its Weekly Market Synopsis said the weighted average price for successful bids went up by 31.77 basis points (bps) to Tsh 100.0158, slightly over premium.<\/p>\n

\u201cIn a change of scenery,\u201d Orbit said, \u201cthe Treasury bond \u2026was undersubscribed, different from recent occurrences of significant appetite of Treasury bonds by the public\u201d.<\/p>\n

As a result, the weighted average yield to maturity went down by 2.3bps to 11.4686 per cent.<\/p>\n

At the end of the day, BoT accepted a total of 20 bids worth 62.42bn\/-, leaving 12m\/- on the table.<\/p>\n

Zan Securities said in its Weekly Market Wrap-up said the results of last week auction for 10-year Treasury bond signal \u201ca change in investors\u2019 appetite\u201d.<\/p>\n

\u201cWe expect the trend to continue [this] week,\u201d Zan said.<\/p>\n

Tanzania Securities said in its Weekly Market Blast that the bond with a coupon rate of 11.44 per cent.<\/p>\n

The way average yield declined to 11.46 per cent from 11.49 per cent in the last auction held in August this year.<\/p>\n

However, the debt analysts predicted write that the yields will fall due to increase appetite that pushed up price.<\/p>\n

The analysts paged their projection on the fact that banks need the instrument for liquidity purposes.<\/p>\n

Last week before the auction Zan said: \u201cWe expect the 10 \u2013 Year Treasury Bond to post a positive performance contrary to what we saw during this week\u2019s Treasury bill auction as institutional investors especially commercial banks need this bond for liquidity purposes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Author: ABDUEL ELINAZA AfricaPress-Tanzania: The debt investors\u2019 appetite for government securities seems to waning off after the ten-year bond was undersubscribed by 43.25 per cent during last week auction. The last week under subscription was a change of scenery after years of raising significant appetite of government securities which was pushed by yields and prices. […]<\/p>\n","protected":false},"author":84,"featured_media":12195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,2975],"class_list":["post-19091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-bot","tag-treasury-bond"],"yoast_head":"\nGOVT BONDS APPETITE SEEMS TO FADE OFF - Tanzania<\/title>\n<meta name=\"description\" content=\"The debt investors\u2019 appetite for government securities seems to waning off after the ten-year bond was undersubscribed by 43.25 per cent\" \/>\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\/govt-bonds-appetite-seems-to-fade-off\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GOVT BONDS APPETITE SEEMS TO FADE OFF\" \/>\n<meta property=\"og:description\" content=\"The debt investors\u2019 appetite for government securities seems to waning off after the ten-year bond was undersubscribed by 43.25 per cent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off\" \/>\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=\"2020-11-24T18:01:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/bc706f0b2ff632f29e1598f8c09e45d5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\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\/govt-bonds-appetite-seems-to-fade-off#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GOVT BONDS APPETITE SEEMS TO FADE OFF\",\"datePublished\":\"2020-11-24T18:01:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off\"},\"wordCount\":350,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/bc706f0b2ff632f29e1598f8c09e45d5.jpg\",\"keywords\":[\"BoT\",\"Treasury bond\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-bonds-appetite-seems-to-fade-off\",\"name\":\"GOVT BONDS APPETITE SEEMS TO FADE OFF - 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