Little change in T-bill rates
PA ( Wellington I • | ' I Interest rates on Treasury bills were little i changed at yesterday’s I $l6O million tender. ’ i ; Yesterday’s rates saw a weighted average of 14.24 per cent for $5O million 161 day bills, 14.26 per cent (for $5O million 203 , day bills, and 14.27 per | cent [for $6O million 224 day bills. These rates compare with lan average of 13.89 per cent for $5O million 203 day bills, $4O million 119 day bills, and s4'o million 147 day bills offered on April 5. | Dealers bid $505
million for the $l6O million on offer. I Tender details. — 161-day bills: offered SSOM, bid SI47M, sold SSOM, successful yields 14.18 per cent to 14.28 per cent, weighted average 14.239 per cent. 203-day bills: offered SSOM, bid SI49M, sold SSOM, successful yields 14.22 per cent to 14.31 per cent, weighted average 14.268 per cent. 224-day bills: offered S6OM, bid S2O9M, , sold S6OM, I successful yields 14.23 per cent to 14.29 per cent, i weighted average 14.273 per cent.
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Press, 13 April 1988, Page 33
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172Little change in T-bill rates Press, 13 April 1988, Page 33
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