Interest rates across all three Treasury bills have fallen for the first time in over two years, pointing to the beginning of an end to the rise in yields on government securities.
Last week’s Treasury bill auction, for instance, saw the weighted average interest rate of accepted bids fall marginally to 16.7243 percent for the 91-day paper, 16.8738 percent for the 182-day paper and 16.9898 percent for the 364-day paper.
