Gambia Money Market News

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Gambia Money Market News

Sunday, 15 January 2012 21:08

Yields Move In Different Directions
(JollofNews) - At this week’s auction, yield on tenors moved in different directions. The yield of benchmark 91-day bill inched up 6bps to 8.74 per cent.

The yield on it’s counter-part, the 91-day (s/s) bill fell by 8bps to 9.78 per cent. The yield on the 182-day bill fell by 6bps to 10.45 per cent. At the longer end of the market, the yield of the one year note remained unchanged at 12.49 per cent. GAMBIA_MONEY_MARKET_NEWS_LOGO

All tenors were over-subscribed with the 91-day (s/s) bill being over-subscribed by a whopping 102 per cent. The total amount on offer at next week’s auction is D270million; and increase of D90m over this week’s figure.

Currency Market Updates
In the Interbank currency market at the week’s close, the local currency depreciated by 12bututs against the Dollar to D30.00.

The Dalasi however appreciated against the Pound Sterling and the Euro by 22bututs and 3bututs to D46.48 and D40.90 respectively. It was unchanged against the CFA franc (5000) at D295.00.

In the Parallel market, the Dalasi was unchanged against the Dollar at D30.25, and against the CFA Franc (5000) at D295.00. The Dalasi however appreciated against the Pound and Euro by 3bututs and 95bututs to close at D47.13 and D39.45 respectively.
Courtesy of Databank Securities Ltd