Five-year bond oversubscribed, despite fall on yield curve

The five- year Treasury bond auction saw a marginal oversubscription by 37 per cent with total tender amount at 47.87bn/-, as it was anticipated.

However, the Bank of Tanzania, honoured the announced amount of 35bn/-. 

The yield curve decreased recording a 222 basic points (bps) decrease. Auction cut at 15.75 per cent—Standard Chartered Bank said. 
Source: Standard Chartered Bank Tanzania
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