05272016Fri
Last update: Fri, 27 May 2016 11am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Mauritius Treasury bills' yields rise at auction PORT LOUIS: The weighted average yield on Mauritius' 91-day, 182-day and 364-day Treasury bills rose at auction on Friday, the central bank said. The Bank of Mauritius sold all the 1.1 billion rupees ($30.99 million) worth of the debt instruments on offer. The yield on the 91-day bill rose to 2.20 percent from 2.07 percent a previous sale on Oct. 16. Investors put bids worth 1.505 billion rupees but the bank sold only 610.9 million rupees of the debt with yield ranging from 2.14 percent to 2.70 percent. The 182-day Treasury bill fetched a yield of 2.38 percent, higher than the 2.26 percent received at an auction on Oct. 16. Bids totalled 515 million rupees with yields ranging from 2.25 percent to 2.95 percent. The bank accepted only 209 million rupees in offers. The central bank said the yield on the 364-day bill rose to 3.20 percent from 3.14 percent ...

Markets - Fixed Income - Middle East & Africa

Kenyan Treasury bills' yields rise at auction NAIROBI: The yield on Kenya's 364-day Treasury bill jumped to 22.363 percent at auction on Wednesday from 21.882 percent at last week's auction, the central bank said. The yield on the six-month Treasury bill also jumped to 22.291 percent during the same auction, from 21.840 percent last week, the bank said. The bank reported bids worth 20.64 billion shillings ($202.35 million) for the one-year bill, representing a subscription rate of 516 percent. Demand for the ...

Markets - Fixed Income - Middle East & Africa

Nigeria raises 127 bln naira in T-bills at lower yields LAGOS: Nigeria raised 127.07 billion naira ($638.86 million) selling Treasury bills with maturities of between three months and one year at lower yields compared with the previous auction, the central bank said on Thursday. The bank sold 25.40 billion naira of the 91-day paper at a yield of 10 percent, down from 10.50 percent at the previous sale last month. It sold 33.49 billion naira worth of six-month paper at a yield of 12.20 percent, ...

Markets - Fixed Income - Middle East & Africa

Kenya 182-day, 364-day T-bill yields jump at latest sale NAIROBI: The weighted average yield on Kenya's 364-day Treasury bills jumped to 20.695 percent at an auction on Wednesday from 16.301 percent last week, the central bank said. During the same auction, the yield on the 182-day Treasury bill shot up to 20.331 percent from 14.551 percent last week, the bank said. The bank said it received bids worth 5.76 billion shillings for the 8 billion shillings' worth of bills offered. It accepted 5.64 billion ...

Markets - Fixed Income - Middle East & Africa

Kenya's one-year Treasury bond yield rises to 19.441pc NAIROBI: The market-weighted average yield on Kenya's one-year Treasury bond rose to 19.441 percent at an auction on Thursday from 16.452 percent at the last sale in 2012, the central bank said. The weighted average rate of accepted bids also rose, to 19.062 percent from 16.432 percent at the last sale. The bank raised 24.97 billion shillings ($236.68 million) from the sale, falling short of its target of 30 billion shillings. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Nigeria bond sell-off moderates as regulator widens spreads LAGOS: The sell-off on Nigeria's benchmark 2024 bond moderated on Thursday as the market regulator widened spreads on debt after JP Morgan's decision to remove Africa's biggest economy from its bond index, dealers said on Thursday. The yield on the 10-year bond which is current listed on the JP Morgan government bond index fell to 16.63 percent in early trades on Thursday from 16.68 percent it closed on Wednesday. "The market is quiet because of ...

Markets - Fixed Income - Middle East & Africa

Nigeria raises 172.8 bln naira in T-bills, yields mixed LAGOS: Nigeria raised 172.85 billion naira in Treasury bills with maturities of 3 months to one year at mixed returns with strong local investor demand for the note at Wednesday's auction, results released by the central bank showed on Thursday. Total bids for the debts stood at 283.58 billion naira compared with 63.55 billion naira at the previous auction on Aug. 19, boosted by increased naira liquidity in the money market from budgetary allocations for ...