{"id":22480,"date":"2021-01-27T18:50:46","date_gmt":"2021-01-27T18:50:46","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=22480"},"modified":"2021-01-27T18:50:46","modified_gmt":"2021-01-27T18:50:46","slug":"analysts-predict-yield-rise-for-15-year-bond","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-year-bond","title":{"rendered":"ANALYSTS PREDICT YIELD RISE FOR 15-YEAR BOND"},"content":{"rendered":"<p><strong>AfricaPress-Tanzania:<\/strong> DEBT analysts have predicted a slight increase in yields for the 15-year Treasury bond due to a low liquidity level in January.<\/p>\n<p>They said the low money in circulation in this month would lead to a price drop of government long -term securities, which in turn would push yields up.<\/p>\n<p>The government today wants to borrow from the public 122bn\/- in 15 years at a coupon rate of 13.5 per cent yearly.<\/p>\n<p>Zan Securities Chief Executive Officer Raphael Masumbuko projected a yield increase based on last week Treasury bill results after its prices dropped.<\/p>\n<p>\u201cWe forecast an increase in yield in the next week\u2019s auction for 15-year Treasury bond due to this week Treasury bill results, where prices for bill decrease. \u201cWe think liquidity is somehow low this month,\u201d Mr Masumbuko noted.<\/p>\n<p>Mid-last week, the Bank of Tanzania (BoT) sought to raise 90.23bn\/- through a Treasury bill, instead was undersubscribed by 60.93bn\/-.<\/p>\n<p>The central bank pocketed 25.10bn\/- for 35 days and 91 days which were unsuccessful, while the 182-day successful amount was 3.0bn\/- and 364 days attracted 22.1bn\/-.<\/p>\n<p>The bills weighted average yields (WAY) for 182 days and 364 days 2.56 per cent and 5.22 per cent respectively.<\/p>\n<p>The weighted average price for 182 days and 364 days was 98\/74 and 95\/05 respectively. Tanzania Securities also said in its Weekly Market Blast that there could be a slight increase in the WAY for long-term instruments.<\/p>\n<p>\u201c\u2026But with a likelihood of oversubscription since investors are looking for the higher return with the modest risk, which bring demand for treasuries higher,\u201d Tanzania Securities said.<\/p>\n<p>Orbit Securities, a leading stock brokerage firm, said the first auction in this year for a two-year government bond was massively undersubscribed and pushed up yields.<\/p>\n<p>The two-year instrument was undersubscribed by 71.7per cent compared to the one held in last August which was oversubscribed by 3.5 times the offer amount.<\/p>\n<p>During auction, BoT offered 122.5bn\/-, while the public tendered 34.63bn\/-.<\/p>\n<p>\u201cDespite a rise in the lowest bid price, the weighted average successful price lost 76bps (basis points) to 100\/6872,\u201d Orbit said in its Weekly Market Synopsis.<\/p>\n<p>As a result, the weighted average yield to maturity gained 41.69bps to 7.5103 per cent while the weighted average coupon yield gained a slight 5.83bps to 7.7666 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Tanzania: DEBT analysts have predicted a slight increase in yields for the 15-year Treasury bond due to a low liquidity level in January. They said the low money in circulation in this month would lead to a price drop of government long -term securities, which in turn would push yields up. The government today wants [&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":[274,1801,2975],"class_list":["post-22480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-bot","tag-raphael-masumbuko","tag-treasury-bond"],"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>ANALYSTS PREDICT YIELD RISE FOR 15-YEAR BOND - Tanzania<\/title>\n<meta name=\"description\" content=\"DEBT analysts have predicted a slight increase in yields for the 15-year Treasury bond due to a low liquidity level in January.They said 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\/analysts-predict-yield-rise-for-15-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 YIELD RISE FOR 15-YEAR BOND\" \/>\n<meta property=\"og:description\" content=\"DEBT analysts have predicted a slight increase in yields for the 15-year Treasury bond due to a low liquidity level in January.They said the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-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=\"2021-01-27T18:50:46+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\/analysts-predict-yield-rise-for-15-year-bond#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-year-bond\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ANALYSTS PREDICT YIELD RISE FOR 15-YEAR BOND\",\"datePublished\":\"2021-01-27T18:50:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-year-bond\"},\"wordCount\":378,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-year-bond#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/05\/3a0afbad5065e1b6679b918fbf0ac1d5.jpg\",\"keywords\":[\"BoT\",\"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-yield-rise-for-15-year-bond#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-year-bond\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-yield-rise-for-15-year-bond\",\"name\":\"ANALYSTS PREDICT YIELD RISE FOR 15-YEAR BOND - 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