Investor interest in short-term Government of Ghana instruments dipped for the first time in several months.According to auction results by the Bank of Ghana, the government undersubscribed its treasury bills sale by 25.4%.The target for the auction was GH¢5.0 billion, but the bids tendered were GH¢3.7 billion. The government, however, accepted GH¢3.26 billion of the bids.The 91-day bill was the most subscribed as GH¢2.23 billion of the bids were tendered, representing 59.8% of the total bids. However, the uptake was GH¢1.76 billion.For the 182-day bill, GH¢667.12 million of the bids were tendered. All the bids were accepted.The 364-day bill recorded bids of about GH¢831.41 million. All the bids were accepted. Meanwhile, interest rates rose on the yield curve.The yield on the 91-day bill increased by 7.0 basis points to 4.78%.That of the 182-day bill also went up to 6.36% from 6.28% the previous week.Similarly, the yield on the 364-day bill inched up by 18 basis points to 9.58%.SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)91 Day Bill 2.232bn1.767bn182 Day Bill667.12m667.12m364 Day Bill831.41m831.41m Total3.73bn3.26bnTarget5.005bn