Tanzania: Investor Demand for Treasury Bills Increases As Tight Liquidity Eases

As liquidity tightness eases, investors' demand for the treasury bills has improved to register an over-subscription after weeks of poor performance. According to the NMB e-markets report, liquidity tightness slightly improved as banks are now willing to rollover maturities.

The overnights rates are still at 14 per cent to 16 per cent levels. In the short term government paper auctioned by the Bank of Tanzania (BoT) last week shows that total bids of 141.62bn/- were tendered compared to 138bn/- offered to the market for bidding and at the 116.31bn/-became successful amount.

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