The Bank of Jamaica (BOJ) says the bids which were opened for its 90, 182 and 273-day Treasury Bills will be settled on Friday.
The central bank said stressed that $2.63 billion in bids were received for the 90-day T-Bill, although it wanted only $700 million, while adding that the average yield was 6.46 per cent per annum.
The central bank is also reporting that investors placed $3 billion in bids for the $700 million it wanted to snap-up from the 182-day T-Bill and the average yield 6.36 per cent per annum.
Finally, the central bank says investors submitted bids worth $4.8 billion into the 273-day T-Bill for the $800 million with an average yield of 6.28 per cent.
The total amount of T-Bills outstanding after Friday's settlement will be $10.3 billion or 0.31% of nominal GDP.
Certificate of Deposit
Meanwhile, the BOJ also says the applications which were opened on Wednesday, for its $39 billion in 7 per cent per annum fixed rate Certificate of Deposit will be settled Friday and the successful applicants will receive their allotments.
The central bank also says 247 bids worth $45 billion were submitted for the $39 billion.
It also pointed out that only 236 bids qualified for the $39 billion offered, while stressing that the average yield for the successfully allotted bids was 6.99 per cent per annum.
The lowest submitted bid was 6 per cent per annum for $16.70 million, while the highest bid rate was 10 per cent for $500 million.
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