T-bill rates fall, 91-day at 2.176%
The Bureau of the Treasury decided for a full award of the short-dated noted offered at yesterday’s auction. The three-month, six-month, and one-year treasury bill rates settled at an average of 2.176 percent, 2.529 percent, and 2.972 percent, respectively. The bureau said the average rates came in below secondary market levels across all tenors amidst healthy market demand. The bond auction was more than twice oversubscribed, attracting total tenders of R31.9 billion compared to the R15 billion initial offering. (CSL)