Rates of Government of Jamaica Treasury bills which have been on the decline since March 2014 is down again in the latest issue dated October. Rates fell 13 basis points on the 182 days instruments as $1.043 billion chased the $400 million on offer to end at 6.23 percent in September the rates declined by 14 basis points.
Rates were down 7.7 basis points on the 91 days instrument compared to a fall of 14 basis point in September, the average rate is 61.3 percent for October as $579 million chased the $400 million on offer.
At the October 14th auction, the 28 days Treasury bill average rate came out at 6.195 percent compared with 6.228 percent at the September auction. Unlike August when $707 million chased $400 million on offer in October only $328.75 million went after the $400 million offered. All applicants were accepted at rates that ranged between 5.1 percent and 6.75 percent.
Treasury bill rates down again
October 24, 2015 by
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[…] 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 […]