Investors pushed Treasury bill rates sharply downwards, on the two issues that were offered in June and maturating in September and December this year.
The two issues were for $700 million each and attracted $1.597 billion and $1.708 billion respectively and ended with average yields of 1.9548 percent and 1.836 percent. The previous auction in May yielded 2.09785 percent and 2.12567 percent.
The heavy oversubscription indicates that rates are heading much lower in the coming months.
Treasury bill rates plummet
July 3, 2019 by
