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    Fixed Income Market Report - 22.11.2021

    Uploaded by

    Fuaad Dodoo
    The document summarizes the Ghana fixed income market for the week ending November 19th 2021. Yields for 91-Day bills increased marginally to 12.50% while 182-Day bills declined to 13.22%. A total of GH¢655.73 million was raised at the treasury bill auction, with 81% from 91-Day bills and 19% from 182-Day bills. The target for the next auction is GH¢1,390 million in 91, 182 and 364-Day bills.

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    Fixed Income Market Report - 22.11.2021

    Uploaded by

    Fuaad Dodoo
    59 views1 page
    The document summarizes the Ghana fixed income market for the week ending November 19th 2021. Yields for 91-Day bills increased marginally to 12.50% while 182-Day bills declined to 13.22%. A total of GH¢655.73 million was raised at the treasury bill auction, with 81% from 91-Day bills and 19% from 182-Day bills. The target for the next auction is GH¢1,390 million in 91, 182 and 364-Day bills.

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    Fixed Income Market Report_22.11.2021

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    Fixed Income Market Report_22.11.2021

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    The document summarizes the Ghana fixed income market for the week ending November 19th 2021. Yields for 91-Day bills increased marginally to 12.50% while 182-Day bills declined to 13.22%. A total of GH¢655.73 million was raised at the treasury bill auction, with 81% from 91-Day bills and 19% from 182-Day bills. The target for the next auction is GH¢1,390 million in 91, 182 and 364-Day bills.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    59 views1 page

    Fixed Income Market Report - 22.11.2021

    Uploaded by

    Fuaad Dodoo
    The document summarizes the Ghana fixed income market for the week ending November 19th 2021. Yields for 91-Day bills increased marginally to 12.50% while 182-Day bills declined to 13.22%. A total of GH¢655.73 million was raised at the treasury bill auction, with 81% from 91-Day bills and 19% from 182-Day bills. The target for the next auction is GH¢1,390 million in 91, 182 and 364-Day bills.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    22ND NOVEMBER 2021

    FIXED INCOME MARKET REPORT

    TENDER #1773 TREASURY RATES YIELD (15th Nov. – 19th Nov. 2021)

    FIXED INCOME MARKET HIGHLIGHTS


    At last week’s auction, a total of GH¢534.34 million was raised in 91-Day bills
    and GH¢121.39 million was raised in 182-Day bills as compared to GH¢1,088.54
    million raised in 91-Day bills and GH¢148.07 million raised in 182-Day bills at the
    previous week’s auction.

    Yields for 91-Day bill went up marginally by 0.16% to close at 12.50% whilst the
    182-Day bills declined by 0.23% to settle at 13.22%.

    The target for the next auction (Tender #1774) is GH¢1,390.00 million in 91, 182
    and 364 Day bills.
    Results of last week’s Treasury Bill Auction
    91 & 182 Day T-Bills (GH¢ Million) GOG Treasuries Current Previous Change (%)
    91-Day T-Bill 12.50% 12.48% 0.16%
    182-Day T-Bill 13.19% 13.22% -0.23%

    708.00 BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK


    182-Day Bill
    19%

    655.93 655.73

    BOG Offer Tendered Accepted

    Breakdown of total amount raised this week


    Treasuries Bids Tendered Bids Accepted
    (GH¢ MN) (GH¢ MN)
    91-Day T-Bill 534.54 534.34
    91-Day Bill
    182-Day T-Bill 121.39 121.39 81%
    Totals 655.93 655.73

    SUMMARY OF OCT. 2021 GFIM ACTIVITIES Next Auction Details


    GHANA FIXED INCOME MARKET Treasuries Bids Tendered (GH¢ MN)
    YEAR Jan.-Oct. 2021 Jan.-Oct. 2020 Change Tender No. 1774
    VOLUME 172,605,783,613 85,002,566,575 103.06% Target Size GH¢1,390 million
    VALUE (GH¢) 179,160,342,714.23 86,777,805,364.73 106.46% Auction Date 26th November, 2021
    NO. OF TRADES 278,135 147,649 88.36% Settlement Date 29th November, 2021
    Source: Ghana Stock Exchange Securities on offer 91-Day, 182, 364-Day bills
    KEY ECONOMIC INDICATORS
    Indicator Current Previous ANALYSTS
    Monetary Policy Rate September 2021 13.50% 13.50%
    Godwin Kojo Odoom: Senior Research Analyst
    Real GDP Growth Q2 2021 3.90% 3.10%
    Inflation October 2021 11.00% 10.60% Edna Awurama Fosua: Analyst
    Reference rate October 2021 13.46% 13.51%
    Source: GSS, BOG, GBA Nelson Cudjoe Kuagbedzi: Analyst

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    decision without first consulting his or her own Investment advisor and conducting his or her own research and due diligence. SIC Brokerage disclaims any and all liabilities in the event that any
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