Treasury-bill rates fall again
October 23, 2014 by IC Insider.com
The Treasury bill for the period Friday, October 24 to mature on Friday, January 23 next year, attracted an average yield of 7.336 percent, down from 7.46952 percent, at the September auction. At the August auction the average rate out turn was 7.46767 percent. The yield for July was an average of 7.63643 percent, for the June issue 7.65893 percent and 8.2 percent in May, for the Treasury bill of same duration.
The offer of 182 days duration, maturing on April 24 next year, generates an average interest rate yield of 7.73187 percent, a decline from 7.99887 percent, at the September auction, 8.11578 percent, in August, 8.21982 percent at the July’s auction and 8.36502 percent for the June issue, of the same duration. At the May Treasury bill auction, the rate came out at 8.932 percent.
Filed Under: Breaking News, Economy, Feature Stories Tagged With: GOJ Treasury bills, Interest rates
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[…] from 6.826 percent in October, as $976 million chased the $400 million on offer. Investors, demand for the 91 days Treasury bills offered continued to climb, jumping to $1.042 billion, up from $903,521,900 for the […]