What a Good Tap
As yields in the market drop, interest in government securities has shot up. From the Tap Sale of the FXD1/2022/10Yr to this week’s T-bill auction, the Central Bank has received bids surpassing their targets. With this increase in demand, the CBK has been able to reject a significant portion of bids in the T-bill space as they continue to signal for lower rates. Attached are the results of both the Tap Sale and the T-bill auction. For the rest of your activities, below is a snapshot of what is at play within the secondary market for your consideration. Happy Hunting & Weekending!
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