Treasury bill rates in Jamaica continues to fall with the two latest issues of 91 and 182 days duration declining with the 91 days instrument falling to an average of 4.176 percent while the 182 days fell to 4.635 percent.
The December decline, is the eight time in 2017, that the rates have fallen. Two amounts of $600 million each were offered to investors and $4 billion chased after them, with the longer dated issue attracting just over 56 percent of the total. The trend suggests that rates on the longer term instrument should fall below 4 percent in early 2018.
The effect of downward movement of rates goes much further than just the money market. Stocks and real estate investments are set to rise in value as a result of the continuing fall in rates and mortgages rates should fall as well.
Treasury bill rates continue to fall
December 14, 2017 by
