WITH the upcoming auctioning of treasury bills, the Kwacha is tilted towards the appreciation trends against the strong greenback, financial market players say.
Treasury bills, which are short-term debt obligations backed by the Government with a maturity of less than one year, segmented in 91,182,273 and 364 days, have varying interest rates of between 14.49 and 22.49 percent.
Although, the focus for United States (US) dollar /Kwacha level is not clear, financial market players anticipate a slight gain in the local unit with happenings in the local money market.
“Market attention today [yesterday] will shift towards the treasury bills auction, with yield rates having been relatively stable in the last few sessions…