Business

South Africa’s 3-month T-bill average yield steady at 6.85pc

South Africa’s 3-month T-bill average yield steady at 6.85pc
  • South Africa sold 1.914 billion rand ($126.27 million) of three-month Treasury bills, at an average yield of 6.85pc, unchanged from last week.

JOHANNESBURG: South Africa sold 1.914 billion rand ($126.27 million) of three-month Treasury bills, at an average yield of 6.85pc, unchanged from last week, central bank data showed on Friday.

The bid-to-cover ratio fell to 1.3 from 1.9 last week.