DECREASING TREASURY BILL INTEREST AFFECTS DEMAND

Date:

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.

(Visited 15 times, 1 visits today)
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

Share post:

Featured Video

click to play

Popular

More like this
Related

Zambia’s Controversial Man Of God Ian Genesis At It Again

Controversial Zambian man of God Prophet Ian Genesis has...

Congolese Prophet Marries 4 Church Members At Once, Claims Polygamy Is Not A Sin

A Congolese prophet has married four women, all v!rgins,...

REPATRIATION OF ETHIOPIAN ILLEGAL IMMIGRANTS COMMENCES

The Department of Immigration and Citizenship Services with assistance...

Lady Leaves Men Salivating With A Video Of Herself Tw3rking In Her Room (Watch Video)

Social media users are being trailed by a lady...