Government bond auction · South Africa
South Africa 2046 ILB Auction
The South Africa 2046 ILB Auction is a sale of new government debt by South Africa's treasury or debt agency to investors.
- Importancia
- Low
- Divisa
- ZAR · South African rand
- Banco central
- The South African Reserve Bank
Últimas cifras
Aún no se muestran resultados de esta publicación. Aparecerán aquí en cuanto se publiquen.
Por qué importa
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
Cómo se calcula
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldQué significan los cambios
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
Una breve historia
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Preguntas
What is the South Africa 2046 ILB Auction?
The South Africa 2046 ILB Auction is a sale of new government debt by South Africa's treasury or debt agency to investors.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.