Tanzania: Yields On Last 2021 Treasury Bills Auction Rise

TREASURY bills' average yields climbed yesterday following a poor demand that sent prices lower to trigger northward price movement. The debt market analysts predicted the yields gain for the last T-bills that went under the hammer yesterday-- albeit slightly--following a poor demand for the 10-year T-bond last Wednesday.

However, only two bills--182 days and 364 days--were traded while the remaining two--35days and 91 days--were canceled after investors absconded them. Vertex International Securities predicted in its weekly market review that the yields were likely to go up after 10 years bond yields went down to disappoint investors.

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