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South Africa’s 3-month T-bill average yield higher at 7.10%

JOHANNESBURG, Nov 8 (Reuters) – South Africa sold 2.4 billion rand ($162 million) of three-month Treasury bills at an average yield of 7.10%, compared to 7.09% a week earlier, central bank data showed on Friday. The bid-to-cover ratio was higher at 1.7 compared to 1.5 previously. Auction date: 08/11/2019 Settlement date: 13/11/2019 Days 91 182 273 364 Amount received (R’bln) 4.138 4.811 4.660 6.649 Amount on offer (R’bln) 2.400 2.445 2.950 3.225 Amount allotted (R’bln) 2.400 2.445 2.950 3.225 Bid-to-cover ratio 1.7 2.0 1.6 2.1 Avg discount rate (pct) 6.98 7.10 7.13 7.07 Average yield (pct) 7.10 7.36 7.53 7.60 ($1 = 14.8348 rand) (Reporting by Mfuneko Toyana)


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