GOJ Treasury rates still falling
Published:Sunday | November 21, 2010 | 12:00 AM
The interest rate on Government debt continues to decline, remaining at three-decade lows for Treasury bonds.
The auction last week yielded 7.58 per cent on a 28-day GOJ Treasury bill auction of J$400 million. The yield copped more than half a point off the 8.09 rate that prevailed in October.
The bids on the November T-bills were within a range of 7.25 per cent to 7.75 per cent.
The yield was eight basis points above the 7.5 per cent rate that the Bank of Jamaica set November 12 - in a half-point adjustment of the policy rate from eight per cent - suggesting that fiscal and monetary policy continue to align.