{"id":30011,"date":"2021-06-01T17:44:14","date_gmt":"2021-06-01T17:44:14","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=30011"},"modified":"2021-06-01T15:55:26","modified_gmt":"2021-06-01T15:55:26","slug":"high-appetite-pulls-down-t-bills-rates","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates","title":{"rendered":"High appetite pulls down T-Bills rates"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>THE increased appetite for Treasury bills have pushed down yields rates, but debt analysts think would not affect government bonds.<\/p>\n

Some debt analysts said the change in bills rates would not bring significant change to the coming 15-year Treasury bond which goes under the hammer tomorrow.<\/p>\n

Vertex International Securities, Manager of Advisory and Capital Market, Ahmed Nganya said the demand decelerates yields raise due to the bill oversubscription.<\/p>\n

\u201cDoes this signify a change in yield trend? We think it\u2019s too early to call,\u201d Mr Nganya said over the weekend through the firm\u2019s weekly market review.<\/p>\n

However, the debt analyst said they expect the bills\u2019 yield rate to have no contagion effect to bonds rates. \u201cWe expect an increase in yield in [this] week\u2019s auction for 15-year government bond,\u201d Mr Nganya said.<\/p>\n

The yields for the 182 days and 364 days bills both went down by 38 basis points (bps) and 9bps to 3.53 per cent and 5.91 per cent respectively.<\/p>\n

Zan Securities Chief Executive Officer Raphael Masumbuko said that investors\u2019 appetite appears to be for the longer-term securities, which offer a higher return.<\/p>\n

\u201c\u2026We anticipate this notion to be reflected on this week\u2019s 15-Year Treasury bond auction,\u201d Mr Masumbuko said in the firm\u2019s Weekly Market Wrap-ups.<\/p>\n

The last week auction of the Treasury bills, however, saw the 35 days and 91 days tenors receiving zero bids while the 364 days tenor was oversubscribed by 234.8 per cent.<\/p>\n

Orbit Securities said in its Weekly Market Synopsis that the total offer size from the Bank of Tanzania (BoT) amounted to the usual 76.7bn\/- while the total tender size amounted to 240.72bn\/- from 93 bids.<\/p>\n

\u201cThe Central bank accepted 39 bids worth 58.7bn\/- , way lower than the tender size, resulting in lower yields,\u201d Orbit said.<\/p>\n

The 182 days tenor was fully subscribed and the BoT took the whole tender size, while leaving 182.02bn\/- on the table from bids of the 364 days tenor.<\/p>\n

Meanwhile, the Dar es Salaam Stock Exchange (DSE) recorded yet another bullish week as domestic as well as cross-listed equities maintained a week-on-week rally.<\/p>\n

Three domestic counters rallied last week, led by CRDB which went up 5.56per cent, taking an about turn at the end of the week after a slight 1.85per cent decline last Thursday.<\/p>\n

CRDB closed last week at a price of 285\/- per share from 270\/- during the previous week as the bank approaches the ex-dividend dates at the end of the following week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. THE increased appetite for Treasury bills have pushed down yields rates, but debt analysts think would not affect government bonds. Some debt analysts said the change in bills rates would not bring significant change to the coming 15-year Treasury bond which goes under the hammer tomorrow. Vertex International Securities, Manager of Advisory […]<\/p>\n","protected":false},"author":84,"featured_media":30010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[6990,6991,711],"class_list":["post-30011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nHigh appetite pulls down T-Bills rates - Tanzania<\/title>\n<meta name=\"description\" content=\"THE increased appetite for Treasury bills have pushed down yields rates, but debt analysts think would not affect govern ...\" \/>\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\/all-news\/high-appetite-pulls-down-t-bills-rates\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High appetite pulls down T-Bills rates\" \/>\n<meta property=\"og:description\" content=\"THE increased appetite for Treasury bills have pushed down yields rates, but debt analysts think would not affect govern ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates\" \/>\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=\"2021-06-01T17:44:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/06\/img-60b658565ea19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\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\/all-news\/high-appetite-pulls-down-t-bills-rates#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"High appetite pulls down T-Bills rates\",\"datePublished\":\"2021-06-01T17:44:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates\"},\"wordCount\":412,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/06\/img-60b658565ea19.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/high-appetite-pulls-down-t-bills-rates\",\"name\":\"High appetite pulls down T-Bills rates - 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