Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now

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>

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Read next: