High and Volatile Treasury Yields in Tanzania : The Role of Strategic Bidding and Auction Microstructure »
Series: IMF Working Papers
Author(s): Yuri Sobolev , and S. M. Ali Abbas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2008
Keywords: Treasury bill yields, government securities auctions, oligopolistic bidding, collusion, auction microstructure, investors, t-bonds, deposit rates, financial market, government bond
The observed increase in the level and volatility of Tanzania's Treasury yields in recent years against an otherwise benign macroeconomic backdrop presented a puzzle for policymakers, while raising concerns about t...