The latest issue of Treasury bill offerings saw the 182 instrument climbing 40 basis points to 6.2 percent while the 91 days T-bill rose marginally to virtually hold at 5.70 percent just a tad above the average in October.
The 28 day T-bill slipped from 5.78 percent to 5.70 percent. At the same time the main market All Jamaica Composite index continues to climb with some companies posting good increased profits.
The rise in the 192 days instrument comes against the back drop of stability in the exchange rate for November to date, very low inflation that seems headed to around than 2 percent for 2016. The change in rates also comes against the change in Bank of Jamaica policy to offer Certificate of Deposits daily to the market to bid on.
Stocks shrug off interest rate rise
November 17, 2016 by IC Insider.com
Filed Under: Economy, Feature Stories, JSE Main Market, Money Market, Stock Market Tagged With: 182 days Treasury bill, 91 Days Treasury Bills, Bank Of Jamaica, Certificate of Deposits, GOJ Treasury bills, TBills
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