Muscat: The issuance of Government Treasury Bills reached a total of RO 49.1 million this week, with varying maturity periods and financial terms. Among the allotted amounts, RO 3.1 million was designated for a 28-day maturity period, RO 30 million for 91 days, and RO 16 million for 182 days.

According to Oman News Agency, the 28-day Treasury bills saw an average accepted price of RO 99.685 per RO 100, with both the average discount rate and average yield recorded at 4.10625% and 4.11923%, respectively. For the 91-day Treasury bills, the average accepted price was RO 98.922 per RO 100, with the average discount rate and yield reaching 4.32385% and 4.37097%, respectively. The 182-day Treasury bills were allotted at an average accepted price of RO 97.790 per RO 100, with an average discount rate of 4.43214% and an average yield of 4.53231%.

Treasury Bills serve as short-term, highly secured financial instruments issued by the Ministry of Finance, aimed at providing licensed commercial banks the opportunity to invest surplus funds. Managed by the Central Bank of Oman (CBO), these instruments offer added liquidity through discounting and repurchase facilities (Repo). The interest rate on Repo operations with CBO is set at 5.00%, while the Treasury Bills Discounting Facility has a rate of 5.50%.

These Treasury Bills play a crucial role in promoting the local money market by establishing a benchmark yield curve for short-term interest rates. Additionally, they offer the government a tool for financing recurrent expenditures as needed.