Paying those Bills!
The market sends CBK another strong message this week as they shy away from the bond auction only to rush in for the T-bills. This is the second week we are seeing a significantly oversubscribed T-bill auction as the market signals risk aversion by showing interest for shorter dated debt. Within the T-bill space, interest continues to be heavily skewed towards the shorter bills, further signaling the risk aversion in play. Attached are the results in full for your perusal.
Away from the T-bill auction, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and enjoy the weekend ahead!