By BUUMBA CHIMBULU
DEMAND for Government bonds rallied strongly during las week’s auction, with investor bids more than tripled to a seven-month high of K2.5 billion.
This was up from K700.2 million for the month of July.
With the offer amount of K1600 million, the auction’s subscription rate came in at 157.19 percent from 46.2 percent, according to the ZANACO weekly Financial markets update.
Notwithstanding improved demand conditions, save for the two-year bond which remained unchanged at 19 percent, yields on 3-,5-,10- and 15-year bonds rose 100 basis points across the board to 21.5 percent, 23.5 percent, 25 percent, 26.75 percent and CLICK HERE TO READ MORE
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