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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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