Treasury bill interest rates in sharpest drop in four months

The interest rates on Treasury bills fell by the sharpest margin in four months last week, signalling lower risk perception on government debt after the Treasury defined this year’s borrowing targets.

Last week’s auction saw the rate on the 91-day T-bill decline by 0.18 percentage points to 15.81 percent (from 15.99 percent), while the 182-day paper’s rate fell to 16.71 percent from 16.85 percent.