Changes on treasury bills, bonds expected

The government has announced changes in the treasury bills and bonds auctions. The Bank of Tanzania (BoT) said recently treasury bills auctions would be held bi-weekly starting January 9 next year.

It further noted that bonds auctions would be done once per month, instead of weekly. ``The changes seek to consolidate government`s efforts towards development of domestic financial markets and promote secondary market trading in government security and thereby create liquidity,`` the central bank noted.

More so, the bank noted that the changes would enhance aggressive binding and market competitiveness and promote orderly markets.

This would be a relief to local borrowers. The Central Bank however, made it clear that other terms and conditions regarding treasury bills and bonds were auctions unchanged.
• SOURCE: SUNDAY OBSERVER