Dhaka, Bangladesh (BBN) - The yield on 91-Day Treasury Bills (T-bills) fell slightly today while the yields on other two-type of T-bills remained unchanged.
The cut off yield, generally known as interest rate, on the 91-Day T-bills came down to 11.58 per cent on Sunday from 11.59per cent earlier as banks expressed willingness to invest their excess liquidity in the short-term securities.
On the other hand, the yield on 182-Day T-bills remained unchanged at 11.80 per cent on the day from the previous level while the yield on 364-Day T-bills also stayed at 11.95 per cent from earlier, according to the auction results.
The government borrowed BDT 87.54 billion against the pre-auction targeted amount of BDT 75 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.
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.
BBN/SSR/AD