Rates go higher
PA Wellington Yields edged higher again in the wholesale money market yesterday in nervous trading as dealers expected tighter liquidity during the March tax take period. Ninety-day bills firmed to 17.15 per cent at the close against 16.85 per cent on Wednesday and 17.60 per cent a week ago. Call money was available
around 15.85 per cent against 15.75 per cent on Wednesday. But Government stock yields eased during the day, with July 1992 bonds trading down to 14.80 per cent — 14.86 per cent previously and 15.29 per cent a week ago. Dealers said further easing on bond yields depended on what short-term bill rates did during the March tax take period.
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Press, 22 January 1988, Page 23
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115Rates go higher Press, 22 January 1988, Page 23
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