No T-bills
Income from GST payments plus maturing sellbacks are expected to more than offset Government expenditure and cash injections from maturing Treasury bills this week, the Reserve Bank said. Therefore the bank will not be offering any Treasury bills for sale in the weekly bill tender scheduled for today. The bank said it expected to be conducting open market operations as usual and after these operations cash balances should fluctuate around $3O million over the settlement week.
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Bibliographic details
Press, 3 February 1987, Page 21
Word Count
78No T-bills Press, 3 February 1987, Page 21
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