On Monday, July 10, 2023, the Bank of Jamaica (BOJ) announced the issue of a $19 Billion 30-Day Fixed Rate Certificate of Deposit, namely 7.50% BOJ FR 30D-CD 20230714 for settlement on Friday, July 14, 2023. Results of the auction showed the CD was oversubscribed 1.74x with 268 bids received totaling $33.053 Billion. The total offer size of $19 Billion was allocated with an average yield of 10.35 per cent and a price of $99.73. The highest submitted bid rate for full allocation was 11.498 per cent for $500 million. Partial allocation was 83.59 per cent Click here for more details On Wednesday, July 12, 2023, the auction for the three Government of Jamaica (GOJ) T-Bills announced Tuesday, July 4, 2023, was conducted. Results of the auction showed:
- The 91-Day T-Bill with an offer of $700 Million had an average yield of 7.79086 per cent and was oversubscribed 2.38x. Total bids received were valued at $1.668 Billion with the full offer of $700 million being allotted. Full allotment yield was in the range of 7.5 – 7.83 per cent with a full allotment price of $98.16446 – $98.08524. Partial allocation was 64.9685 per cent with a yield of 7.8315 per cent and a price of $98.08488.
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