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NTMA suspends Treasury Bill auctions until 2014

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

Markets
Markets

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>

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