From London, Timothy Ash reacts to the Ministry of Finance sale on Friday of $79 million worth of 96-day bills

Monday, August 6, 2018
From London, Timothy Ash reacts to the Ministry of Finance sale on Friday of $79 million worth of 96-day bills

From London, Timothy Ash reacts to the Ministry of Finance sale on Friday of $79 million worth of 96-day bills: “Somewhat worrying that the MOF had to come so late with this issue, and their cash balance is now running so low. Someone needs to get the IMF lending back on track, pretty quick…Not sure given the MOF cash levels at present that they have the scope to play the longer game with the IMF.”

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