MUSCAT : The value of the allotted Treasury bills amounted to RO 15 million, for a maturity period of 28 days. The average accepted price reached RO 99.660 for every RO 100, and the minimum accepted price arrived at RO 99.685 per RO 100. The average discount rate and the average yield reached 4.11060 percent and 4.12360 percent, respectively.

Whereas, the value of the allotted Treasury bills amounted to RO 33 million, for a maturity period of 91 days. The average accepted price reached RO 98.886 for every RO 100, and the minimum accepted price arrived at RO 98.865 per RO 100. The average discount rate and the average yield reached 4.54700 percent and 4.59914 percent, respectively.

The CBO also outlined that the interest rate on repurchase operations (repo) for these bills is set at 5.25 percent, while the discount rate for treasury bill facilities with the CBO is 5.75 percent.

Treasury bills are short-term, government-backed securities issued by the Ministry of Finance to help manage the government’s finances. These bills offer a secured investment option for licensed commercial banks and provide a tool for managing liquidity in the local financial market. Treasury bills are known for their rapid liquidity, as they can be discounted with the Central Bank of Oman or used in repurchase operations (repos) in the interbank market.

Additionally, treasury bills help establish short-term interest rate indicators for the financial market and provide the government with a flexible means of financing some of its expenses, allowing for smooth financial operations.

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