GSK yields easier
PA Wellington Government stock yields continued to fall on the money market yesterday and dealers expected the trend to continue. July, 1992, bonds fell to 14.76/72 per cent at the close against 14.91 per cent on Tuesday. The impending fall in mortgage rates and the Reserve Bank’s revision of cash flows was putting downward pressure on yields, dealers said. Short-term money mar-
ket rates also fell with 90day bills dropping to 16.85 per cent before firming to 17.30 per cent at the end of the day. On Tuesday, 90-day bills were trading at 17.55 per cent. Rates for call money on the wholesale market also eased to 16.18 per cent against 17.40 per cent. The Reserve Bank delayed and then cancelled its open market operation yesterday after injecting $368 million on Tuesday.
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Press, 28 January 1988, Page 25
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135GSK yields easier Press, 28 January 1988, Page 25
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