DAR ES SALAAM, Dec. 3 -- GOVERNMENT securities weighted average yield to maturity are still on a declining trend, a move that is likely to be applied by central bank to boost banks' lending to public.
Last week debt market analysts betted the continuation of government securities yield drop due to high investors' appetite.
And, the last auction Treasury bill yields dropped by 31 basis points (bps) to 5.82 per cent compared to 6.13 per cent reported during the previous auction conducted mid last month.
Orbit Securities said in a weekly market synopsis that average yield to maturity of Treasury securities was still on a declining trend from what looks like a deliberate move by the central bank.
[The central bank seems]"to boost commercial...