DAR ES SALAAM, Jan. 15 -- INVESTMENT into the treasury bills has dipped with the number of bids received continuing to decline ending the trading session undersubscribed.
Low investors' appetite into the treasury bills is seen in the three consecutive auctions, that is, two in December and one held last week, ended up undersubscribed.
The total amount tendered in the treasury bills auctioned last week was 34.4bn/- compared to 62.9bn/- and 60.1bn/-in December last year, respectively.
The total number of bids received declined to 23 compared to 40 and 30 received in the two auctions held in December last year.
According to the Bank of Tanzania (BoT) summary for last week's auction, the 364 days tenor was substantially undersubscribed by 7...