Mmegi

Yields slide as gov’t hits P3.5bn target

Balancing gears: Finance Minister, Gaolathe, has a challenge of keeping the economy ticking, without overheating it by borrowing too heavily PIC: PHATSIMO KAPENG
Balancing gears: Finance Minister, Gaolathe, has a challenge of keeping the economy ticking, without overheating it by borrowing too heavily PIC: PHATSIMO KAPENG

Government’s cost of borrowing witnessed a rare decline at the most recent auction of bonds and Treasury Bills, with yields falling as the Bank of Botswana hit its target of P3.5 billion in debt for state coffers.

According to Kgori Capital trend analysis, yields generally fell across the two Treasury Bills and three bonds offered at the May 26 action. The government notes settled at yields as much as 105 basis points lower than the prior auction.

At the auction, only the 17-year bond saw yields increase by five basis points.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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