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South Africa’s 3-month T-bill average yield dips to 3.83%

JOHANNESBURG, Aug 7 (Reuters) – South Africa sold 1.4 billion rand ($79.51 million) of three-month Treasury bills, at an average yield of 3.83% compared to 3.91% in the previous week, central bank data showed on Friday. The bid-to-cover ratio fell to 2.4 from 4.3 last week. Auction date: 07/08/2020 Settlement date: 12/08/2020 Days 91 182 273 364 Amount received (R’bln) 3.419 14.605 14.822 17.111 Amount on offer (R’bln) 1.400 3.070 4.040 4.440 Amount allotted (R’bln) 1.400 3.070 4.040 4.440 Bid-to-cover ratio 2.4 4.8 3.7 3.9 Avg discount rate (%) 3.80 3.90 4.00 3.96 Average yield (%) 3.83 3.98 4.12 4.12 ($1 = 17.6072 rand) (Reporting by Mfuneko Toyana Editing by Tanisha Heiberg)


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