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Treasury to stop selling 364-day T-bills in reforms
The government has an option of issuing one or two-year Treasury bonds when need arises, offering an alternative route for those currently buying one-year T-bills.
The National Treasury is proposing to withdraw the one-year Treasury bill from the market, as part of reforms meant to reduce exposure to short term securities and improve transmission of monetary policy in the economy.
The newly published 2025 Draft Medium Term Debt Strategy, says that the optimal debt strategy calls for lowering the debt maturing in one year as a percentage of the gross domestic product, and lengthening the debt maturity both in the domestic and external portfolio.
