The Central Bank of the Bahamas published its Q2 2026 Quarterly Market Brief, showing stronger domestic demand for government securities as BSD 1.4 billion in Bahamas Government paper was issued, primarily to refinance existing debt obligations. Overall market absorption increased to 120 percent from 109 percent in Q1 2026. Treasury bills accounted for 95 percent of issuance and Bahamas Registered Stock accounted for 5 percent. Treasury bill issues recorded an average absorption rate of 114 percent, up 10 percentage points from the previous quarter, with demand strength concentrated in the 182-day tenor, which averaged 174 percent. Bahamas Registered Stock subscriptions totaled BSD 152.8 million, oversubscribing the quarter's offers by BSD 81.8 million and lifting the average absorption rate to 213 percent from 164 percent in Q1 2026. Demand remained concentrated in shorter maturities, with the 3-, 5- and 7-year tranches accounting for about 81 percent of total subscriptions. The brief also described an inverted yield curve at the short end, with 91-day Treasury bill yields above 182-day bill yields, while the longer end remained upward sloping. Short- and long-term yields increased during the quarter, while medium-term yields were flat or lower.
Central Bank of the Bahamas2026-07-16
Central Bank of the Bahamas reports Q2 2026 government securities absorption rose to 120 percent on BSD 1.4 billion issuance
The Central Bank of the Bahamas said BSD 1.4 billion in government securities was issued in Q2 2026, mainly to refinance existing debt, and overall market absorption rose to 120 percent from 109 percent in Q1. Treasury bill absorption increased to 114 percent, while Bahamas Registered Stock absorption reached 213 percent on BSD 152.8 million of subscriptions. Demand remained strongest in shorter maturities.