Demand for treasury bills improved as the government exceeded its treasury bills target by about 76.4% to GH¢5.06 billion.This is coming despite some analysts’ prediction that investor interest will remain relatively soft at the next auction.The Treasury, however, accepted GH¢4.40 billion of the total bids as against a target of GH¢2.86 billion.According to auction results by the Bank of Ghana, the chunk of the bids came from the 91-day instrument.A little over GH¢3.2 billion of the bids were tendered, representing 64.9% of the total bids.The uptake was, however, GH¢3.0 billion.The 182-day bill received bids of about GH¢1.3 billion. A little above GH¢1.2 billion was accepted.For the 364-day bill, about GH¢468.9 million of the bids were tendered. A little above GH¢136.5 million of the bids were accepted.Meanwhile, interest rates continued to soften on the yield curve.This will help reduce the government’s cost of domestic debt.The yield on the 91-day bill declined by 4.0 basis points to 4.60%.That of the 182-day bill also went down to 6.27% from the previous week’6.31%. Similarly, the yield on the 364-day bill dropped by 5.0 basis points to 9.75%.SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)91 Day Bill 3.2783.006bn182 Day Bill1.305 bn1.257 bn364 Day Bill468.92m136.26m Total5.061bn4.400bnTarget2.869bn