Tanzania's 15-year government bond auction is anticipated to attract cautious participation following a coupon rate reduction from 14.5 percent to 12.75 percent, according to Zan Securities Advisory and Research Manager Isaac Lubeja. Retail investors could demonstrate weaker demand due to sensitivity toward nominal coupon levels, while institutional participants, including pension funds and insurance companies, are expected to prioritize effective yield calculations and duration-based portfolio strategies over fixed coupon rates.
Recent Treasury bill auctions have shown yields climbing nearly one percentage point across the past three sessions, suggesting investors are demanding higher returns amid changing rate expectations. Alpha Capital Head of Business Development and Customer Services Geofrey Kamugisha anticipates strong bidding under current conditions of policy easing and abundant liquidity, noting that equities and long-duration bonds remain favored asset classes as yields continue declining.
Recent Treasury bill auctions have shown yields climbing nearly one percentage point across the past three sessions, suggesting investors are demanding higher returns amid changing rate expectations. Alpha Capital Head of Business Development and Customer Services Geofrey Kamugisha anticipates strong bidding under current conditions of policy easing and abundant liquidity, noting that equities and long-duration bonds remain favored asset classes as yields continue declining.
