August Treasuries shed two points
Published: Friday | September 4, 2009
The August Treasury bill auction by the central bank returned anaemic results, marked by low investor interest.
Of the $800 million on offer, applications amounted to $550 million.
The bids on the benchmark six-month bond yielded 18.21 per cent, down more than two points from 20.6 per cent in July.
The three-month bond yielded 16.72 per cent, down from 18.46 per cent.
Treasuries, however, are still tracking ahead of last year when the six-month auction yielded 15.08 per cent.
Each of the T-bills this period was $400 million, but subscriptions for the six-month duration amounted to $300 million while the three-month applications amounted to $249.37 million.
The Bank of Jamaica made full allotment on all the bids.
The next auction is on September 16.
business@gleanerjm.com
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