| Main Menu |
|---|
| Unit Trust Prices | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
In the T Bill Market the good performance continued to exert downward pressure on the short-term rates sliding to six weeks low with bench-mark 91 day shaving off 6 basis points to record a rate of 7.68% and the spread narrowing to 38 basis points. GOK is accepting bids for the second issue of the 10year discounted T-Bond hoping to raise 8Bn with the same coupon of 10.75% as the last same tenor bond issued early in the year. YTM for 10 year T-bond stands at 11.50%.
The much expected economic recovery in Q3 2009 appeared to be a mirage as extraneous shocks kept the economy in the doldrums.