demand

The government accrued ¢10.84 billion out of total bids worth ¢12.03 billion in the money market during the month of December. This was due to the improved demand and tight pricing competition at the auctions. Also, the exemption of Treasury bills from the Domestic Debt Exchange spurred investor demand. Due to the improved demand and tight pricing competition at the auctions, the yields on the 91-day and 182-day tenors fell marginally, a situation which reduced the government cost of borrowing slightly within that period. Analysts expect T-bills demand to continue to be high, while the secondary market remains quiet as…