Dhaka, Bangladesh (BBN) - The yield on 10-Year BGTBs fell on Tuesday as the banks expressed their willingness to invest excess funds in the long-term securities.
The cut off yield, generally known as interest rate, on the BGTBs came down to 12. 48 per cent on the day from 12.55 per cent earlier, according to the auction result.
The government borrowed BDT 25 billion through issuing the BGTBs on the day to partially meet its budget deficit.
Currently, five government treasury bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.
Besides, four treasury bills (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.
BBN/SSR/AD