T-bills uptake falls on low long-term securities demand

Treasury bills subscription dropped to an average 155.4 per cent last week compared to 209.2 per cent recorded the previous week.

Subscription rates for the 91-, 182-, and 364-day government papers came in at 312.5 per cent, 159 per cent and 89 per cent compared to 381.5 per cent, 255.5 per cent and 94.1 per cent the previous week, respectively.