Marked drop in rates
PA Wellington Interest rates on Treasury bills dropped markedly in yesterday’s $B5 million tender. Yesterday’s rates saw 84-day bills sell for 21.89 per cent, compared with 25.29 per cent for the same length bills sold on April 28. Only 14-day bills were sold for a range of interest rates. Others
were all sold at a single rate. Dealers bid $2Bl million for the $B5 million on offer. Tender details.— 14day bills: offered $3O million, bid $63 million, sold $3O million, successful yields 22.28 per cent to 23.59 per cent, weighted average 22.938 per cent. 84-day bills: offered $2O million, bid $7l million,
sold $2O million, successful yield 21.98 per cent, weighted average 21.98 per cent, previous average 25.29 per cent. 91-day bills: offered $2O million, bid $75 million, sold $2O million, successful yield 21.89 per cent. 133-day bills: offered $l5 million, bid $72 million, sold $ll5 million, successful yield 21.69 per cent.
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Press, 13 May 1987, Page 42
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156Marked drop in rates Press, 13 May 1987, Page 42
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