{"id":8229,"date":"2020-05-06T21:38:41","date_gmt":"2020-05-06T21:38:41","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=8229"},"modified":"2020-05-06T21:38:41","modified_gmt":"2020-05-06T21:38:41","slug":"analysts-predict-7-year-bond-under-subscription","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription","title":{"rendered":"ANALYSTS PREDICT 7-YEAR BOND UNDER SUBSCRIPTION"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> The 7-year Treasury bond is projected to be under subscribed today despite high appetite for government securities.<\/p>\n

The Treasuries, especially after the outbreak of coronavirus contagion, have been attracting a number of investors who are shielding their investment as other securities returns plummeting.<\/p>\n

Tanzania Securities said in its weekly market blast report yesterday they expected to see under subscription of the 7-year bond despite higher appetite of government securities since investors preferred long tenure instruments with one goes on sale in next two weeks.<\/p>\n

\u201cThis is because the investor\u2019s prefer higher coupon bonds, unlike these medium-term bonds. \u201c\u2026Also the fact that in two weeks there will be an auction for 20-year bond hence investors are likely to hold and wait for it,\u201d Tanzania Securities said.<\/p>\n

Similarly, Tanzania Securities pegged their projection to the past sale of 7-year bond, which was under subscribed by 17.5 per cent last October where the same reasons may still make investors to shun the instrument.<\/p>\n

\u201cFrom the previous auction held on 23 October 2019, we may see under subscription of this bond despite higher appetite of government securities,\u201d the brokerage firm said.<\/p>\n

However, Tanzania Securities projected the yield curve to continue to remain normal while average weighted yield to decline.<\/p>\n

\u201cThis indicates that the government has the chance to raise funds at the cheapest cost during this time of pandemic,\u201d Tanzania Securities report said.<\/p>\n

NMB Bank said the first quarter of this year a significant oversubscription in the auctions was experienced, minus 7-year bond, to see rates falling across all papers in quarter-to quarter (Q-o-Q).<\/p>\n

\u201cIn line with our expectations, market activities remained stable in the reviewed quarter in comparison to the last quarter of 2019,\u201d NMB said in Market Digest report.<\/p>\n

Q-o-Q, the 2-year bond yield fell to 8.34 per cent from 11.08 per cent while 10-year dropped to 12.90 per cent from 14.53per cent.<\/p>\n

Other bonds the 15-year and 20-year fell to 14.54 per cent and 16.22 per cent in the reviewed quarter from 15.24per cent and 16.76per cent respectively.<\/p>\n

Last Wednesday, Treasury bill sale was oversubscribed by merely 0.13 per cent despite increased appetite on tenors below 364 days.<\/p>\n

Bank of Tanzania offered Treasury bills worth 107.2bn\/- and the public tendered a total of 107.35bn\/-. The central bank accepted a total of 82.19bn\/- which was 23 per cent lower than the tender size.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: The 7-year Treasury bond is projected to be under subscribed today despite high appetite for government securities. The Treasuries, especially after the outbreak of coronavirus contagion, have been attracting a number of investors who are shielding their investment as other securities returns plummeting. Tanzania Securities said in its weekly market blast report yesterday they […]<\/p>\n","protected":false},"author":84,"featured_media":8223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[438,2975],"class_list":["post-8229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-nmb-bank","tag-treasury-bond"],"yoast_head":"\nANALYSTS PREDICT 7-YEAR BOND UNDER SUBSCRIPTION - Tanzania<\/title>\n<meta name=\"description\" content=\"The 7-year Treasury bond is projected to be under subscribed today despite high appetite for government securities.The Treasuries, especially\" \/>\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-7-year-bond-under-subscription\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ANALYSTS PREDICT 7-YEAR BOND UNDER SUBSCRIPTION\" \/>\n<meta property=\"og:description\" content=\"The 7-year Treasury bond is projected to be under subscribed today despite high appetite for government securities.The Treasuries, especially\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription\" \/>\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=\"2020-05-06T21:38:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/05\/047adf39c208d10729277bb83a96ac28.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\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-7-year-bond-under-subscription#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ANALYSTS PREDICT 7-YEAR BOND UNDER SUBSCRIPTION\",\"datePublished\":\"2020-05-06T21:38:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription\"},\"wordCount\":390,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/05\/047adf39c208d10729277bb83a96ac28.jpg\",\"keywords\":[\"NMB bank\",\"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-7-year-bond-under-subscription#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/analysts-predict-7-year-bond-under-subscription\",\"name\":\"ANALYSTS PREDICT 7-YEAR BOND UNDER SUBSCRIPTION - 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