Rates on Government of Jamaica Treasury bills fell again in November, with the latest offer resulting in the rate on the 91 days instrument falling to 4.26 percent from 4.58 percent previously and the 181 days rate slipping to 4.89 percent from 5.11 percent.
In April the 91 days rate was at 5.71 percent and fell in August to 5.49 percent before dropping sharply in September and October to reach 4.58 percent then.
In April the 182 days rate was at 6.4 percent and fell in August to 5.99 percent before dropping sharply in September and October to help push the current rate under 5 percent. As indicated in the attached chart the rates seems headed for 4 percent for the 182 days instrument and should be there by January or February if current trends continue.
Investors in equities, Money Market Instruments and real estate should pay keen attention to this critical development that will have profound implications for values in the market.
T-bill rates drop again
November 16, 2017 by IC Insider.com
Filed Under: Economy, Feature Stories, Real Estate
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