Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Markets shutterstock
no more bills

NTMA suspends Treasury Bill auctions until 2014

The National Treasury Management Agency won’t be holding anymore monthly Treasury Bills sales in 2013.

THE NATIONAL TREASURY Management Agency (NTMA) has today suspended its monthly Treasury Bill auction.

A statement issued today on behalf of the NTMA said:

“…that in view of its relatively strong funding position it has decided to suspend its monthly Treasury Bill auctions for the final quarter of 2013.”

They also stated :

The NTMA has also decided to defer consideration of any further medium/long term bond issuance until early 2014.

In 2012, the NTMA started regular Treasury Bill sales at which time the yield was 1.8 per cent, with the interest on the last two auctions being at the far lower rate of 0.2 per cent.

The NTMA has conducted monthly sales in 2013.

NTMA to sell more T-Bills but markets unlikely to learn anything>

NTMA sells T-Bills as Troika completes penultimate review>

Your Voice
Readers Comments
21
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.