Dar es Salaam, Sept. 2 -- TANZANIAS financial markets are moving through a period of recalibration, with government securities drawing deep pools of liquidity even as the equity market shows signs of selective recovery.

The Bank of Tanzania has announced a 20-year bond auction set for tomorrow, with a coupon rate of 14 per cent. This represents a step down from the 15.25 per cent set in June and below the 14.5 per cent seen on the most recent 15-year paper.

Tanzania Securities Weekly Market Wrap Up report said the shift points to a recalibration in the long end of the curve and raises the possibility of upward pressure on yields once demand meets supply.

“Such adjustments signal the likelihood of upward pressure on 20-year bond y...