South Africa's 3-month T-bill average yields at 3.88%

JOHANNESBURG: South Africa sold 547 million rand ($37.61 million) of three-month Treasury bills, less than the 1.3 billion rand on offer, at an average yield of 3.88% from 3.87% last week, central bank data showed on Friday.

The bid-to-cover ratio rose to 1.8 from 1.1 last week.