Oman and Ghana report latest Treasury bill auction results

Oman has allotted OMR19.7 million ($51.2 million) in government Treasury bills in its latest weekly issuance. The Central Bank of Oman, acting as issue manager, reported that the 91-day tranche accounted for OMR16 million, representing approximately 81.2 percent of the total allotment. The 91-day bills saw an average yield of 4.13721 percent, while the 182-day tranche, totaling OMR3.7 million, reached an average yield of 4.05905 percent. This issuance marks a 9.4 percent increase in total volume compared to the previous week.

In Ghana, the government exceeded its Treasury bills target by 30.52 percent, receiving bids totaling GH¢2.93 billion. However, the Treasury accepted GH¢1.77 billion of those bids against a target of GH¢2.24 billion. The 91-day bill dominated the auction with GH¢2.2 billion in tendered bids, of which GH¢1.39 billion was accepted. Yields on the 91-day, 182-day, and 364-day bills all showed decreases, with the 91-day yield declining to 4.64 percent. Databank Research anticipates that demand may remain relatively soft in upcoming auctions.