Rise in rates
PA Wellington Money market call and 90 day bill rates rose in fairly active morning trading yesterday, but dealers said the underlying trend is for lower rates. The 90 day bank bills rose to 24 per cent from 23.60 per cent on Tuesday. Call rose to 25.50 per
cent against 24.25 per cent. Dealers said the upward move is a technical correction following aggressive buying earlier this week. “The over-all view is that rates are going down but there will be volatility on any one day,” a dealer said.
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Press, 7 May 1987, Page 41
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92Rise in rates Press, 7 May 1987, Page 41
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