Dar es Salaam, June 30 -- THE Treasury bills were highly oversubscribed despite the central bank limiting the successful bids thus pushing some bills to yield down as investors waiting for a fresh calendar.

The Bank of Tanzania (BoT) put the usual offer of 76.7bn/- while the public tendered 133.32bn/, marking an oversubscription of 73.82 per cent.

At the end of the auction, BoT, accepted 23.5bn/- , which was six times less than the amount tendered last week. Orbit Securities said in its Weekly Market Synopsis on Tuesday that the oversubscription pushing down the weighted average yield of the 364 days tenor lost 43 basis points (bps) to settle at 4.81per cent while the 182 days slightly jumped by 1bps to 3.58 per cent.

"The Treasury bil...