So the latest T-Bills auction results are out!
And interest rates are going up again.
Cut off yield is 3.98% (vs 3.93% the previous auction).
In my weekend article I estimated a range of 3.85% – 4.00%, so this is on the higher side on the range (which is good news).
Interest Rates for T-Bills are on an uptrend
You can see the trend for the 6 month T-Bills interest rates over the past 6 months:
Interest rates peaked at 4.4% on 8 December 2022.
Before declining as low as 3.88% on 2 February 2023.
Since the 2 February 2023 auction though, interest rates have started to pick up, closing at 3.98% for the latest T-Bills auction....
