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South Africa’s 3-month T-bill average yield falls to 6.84%

JOHANNESBURG, Jan 17 (Reuters) – South Africa sold 1 billion rand ($69.55 million) of three-month Treasury bills, at an average yield of 6.84% compared to 7.12% last week, central bank data showed on Friday. The bid-to-cover ratio rose to 8.3 from 7.8 last week. Auction date: 17/01/2020 Settlement date: 22/01/2020 Days 91 182 273 364 Amount received (R’bln) 8.270 10.335 9.929 9.335 Amount on offer (R’bln) 1.000 2.055 2.370 2.505 Amount allotted (R’bln) 1.000 2.055 2.370 2.505 Bid-to-cover ratio 8.3 5.0 4.2 3.7 Avg discount rate (pct) 6.73 6.98 6.96 6.91 Average yield (pct) 6.84 7.23 7.34 7.42 ($1 = 14.3786 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)


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