Sunday, May 19, 2024

Featured Video

Latest Stories

Top 10 Music

Upcoming Events

Launch Of Chavez Lodge And Lounge In Dedza

Fri, 24 May 2024 20:00:00 UTC @ Chavez Lodge and Lounge - On 24 May 2023 there will be a Launch of Chavez Lodge and Lounge in Dedza formerly known as Motel Domwe. During The Launch, The Black Missionaries Band, Anthony Makondetsa, Moda Fumulan... More Info
Young Stunna Live In Malawi

Sat, 25 May 2024 18:00:00 UTC @ Money Men Club (Nancholi-Mpemba Road) - Beer Land Festival Brings Young Stunna all the from South Africa on 25th May 2024 in Blantyre at Moneymen Club.He will be setting the stage on fire, creating an unforgettable night of ... More Info

DECREASING TREASURY BILL INTEREST AFFECTS DEMAND

People’s curiousness to invest in Treasury bills is diminishing following the decreasing rates the investment category is fetching.

Treasury bills interest have been falling following the local currency’s appreciation two months ago.

The demand for the document was high in January when its interest was averaging 20%, – a super-normal comparing to the current 16 percent.

The reduction has impacted the public’s appetite to invest in the document.

For instance, during the week ending 8th April 2014, authorities raised K7.1 billion  against an announced amount of K10 billion, with zero percent rejection rates.

This translates to an under subscription.

“Total application stood at K7.1 billion  representing a zero percent rejection rate and an under subscription of 29.1%.

“The Treasury bills rate for the 91 days tenor increased to 11.83 percent from 11.17 percent, the 182 days rate increased to 15.75 percent from 13.76 percent and the 364 days rate increased to 18.25 percent from 17.89percent. RBM report reads in part.

Subscribe to our Youtube Channel:


Related Posts

Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email: info@faceofmalawi.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles