For the 4th week running, the government failed to meet its treasury bills target of GH¢7.5 billion.According to the auction results by the Bank of Ghana, the government recorded 29.3% undersubscription of its auction target, higher than the previous week.The government received about GH¢5.3 billion as against a target of a little over GH¢7.5 billion. It, however, accepted GH¢5.1 billion of the bids.The 91-day bill was once again the most subscribed bill as GH¢4.43 billion of the bids were tendered, representing 83% of the total bids. The uptake was, however, GH¢4.42 billion.For the 182-day bill, GH¢521.96 million of the bids were tendered. All the bids were accepted.The 364-day bill recorded bids of about GH¢348 million. The uptake was GH¢162.59 million.Meanwhile, interest rates continued to surge on the yield curve.The yield on the 91-day bill increased by 10 basis points to 4.91%.That of the 182-day bill also went up to 6.77% from the previous week’s 6.71%.Similarly, the yield on the 364-day bill inched up by 13 basis points to 9.97%.SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)91 Day Bill 4.43bn4.42bn182 Day Bill521.96m521.96m364 Day Bill348.94162.59m Total5.34bn5.11bnTarget7.573bn