Gov’t Indicates A Declining Interest Rate Regime
Interest rates on long term funds could be declining in coming months. That?s if the almost 17 percent of governments? offer to investors who participated in Thursday?s bond issue is anything to go by.
Treasury bills are currently hovering round 23 percent while return on long-dated instruments such as the five year bond is pegged at 26 percent.
Usually the return often gives an indication of government?s preparedness to borrow from the market.
This also eventually influences the ...
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