Key benchmark rates on Government securities continue to fall.
Wednesday’s auction of a 28 day Treasury Bill closed with an average yield of 8.84%.
This was less than the 8.98% on last month's auction.
Treasury Bill auctions are typically methods by which investors indicate the level of interest rates they are willing to accept for their money when they lend it to the government.
The rate is currently at a 28 year low.
Despite falling interest rates Wednesday’s Treasury Bill auction was oversubscribed with investors placing bids amounting to $811 million which was double the $400 million which the Government was seeking.
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