Bangladesh Taka

Dhaka, Bangladesh (BBN) – A special auction is scheduled to be held tomorrow (Thursday) only for 91-Day treasury bills (T-bills) to meet budget deficit partly for the outgoing fiscal year (FY), 2023-24.

The government is set to borrow BDT 30 billion on the day through issuing the short-term securities on the same ground.

The ongoing stable trend of yield on the T-bills may continue tomorrow as banks may express 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 in the immediate past auction from the previous level, according to auction results.

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.

The bills are short-term investment tools issued through auction, conducted by the central bank on behalf of the government.

Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.