Dhaka, Bangladesh (BBN) - The yields on Treasury Bills (T-bills) remained unchanged on Wednesday as banks expressed unwillingness to invest their excess liquidity in the short-term securities.
The cut off yield, generally known as interest rate, on the 91-Day T-bills remained unchanged at 11.65 per cent on the day from the previous level while the yield on 182-Day T-bills was stay at 11.80 per cent from the earlier.
However, the yield on 364-Day T-bills also remained unchanged at 12.00 per cent on the day from the previous level, according to the auction results.
The government borrowed nearly BDT 73.43 billion against the pre-auction targeted amount of BDT 80 billion through issuing the T-bills on the day to partially meet its budget deficit.
Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.
Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.
BBN/SSR/AD