The government exceeded its treasury bills target marginally compared with the previous weeks’ high oversubscription.According to the auction results by the Bank of Ghana, the government recorded a 2.8% oversubscription of the short-term securities to the tune of GH¢8.1 billion.The government, however, accepted GH¢7.2 billion of the bids. The target for the auction was GH¢7.9 billion.The 91-day bill was the most subscribed as GH¢4.56 billion of the bids were tendered, representing 55% of the total bids.However, the uptake was GH¢4.52 billion.For the 182-day bill, GH¢2.07 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢1.81billion.Similarly, the 364-day bill saw bids of GH¢1.56 billion tendered. The uptake was GH¢ 867.93 million. Meanwhile, interest rates continued to dip on the yield curve.The yield on the 91-day bill went down by 11 basis points to 4.69%.That of the 182-day also declined to 6.51% from 6.67% the previous week. Similarly, the yield on the 354-day bill dropped a basis point to 10.10%.SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)91 Day Bill 4.561bn4.521bn182 Day Bill2.071bn1.816bn364 Day Bill1.562bn867.93m Total8.195bn Target7.970n