Rates of Government of Jamaica Treasury bills which have been on the decline since March 2014 is down in the latest issue held on November 18, for the 182 and 28 day instruments but rose slightly on the 91 days bills.
Rates fell 13 basis points on the 182 days instruments the same as in October and the 28 day instrument declined 28.5 basis points to 6.09 percent but the 91 days rose 2.5 basis points to 6.15 percent.
At the latest auction, the 28 days Treasury bill average rate came out at 5.91 percent, down from 6.195 percent at October auction.
A total of $707,851,300 chased the $400 million on offer for the 28 days bills, $435 million went after the $400 million on offer for the 90 days instruments and $1.2 billion went after the $400 million offered for 182 days.
The fall in the rates have had a positive impact with the stock market and should continue to impact the fortunes of the market.
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