Dhaka, Bangladesh (BBN) - The yields on 15-Year BGTBs and 20-Year BGTBs are likely to fall slightly today as a section of banks may express willingness to invest their liquidity in the long-term securities.
The cut off yield, generally known as interest rate, on the 15-Year BGTBs rose to 12.40 per cent in the immediate past auction from 12.28 per cent earlier while the yield on the 20-Year BGTBs fell to 12.46 per cent from 12.54 per cent, according to the auction results.
The government is set to borrow BDT 30 billion through issuing the BGTBs on Tuesday to partially meet its budget deficit.
Currently, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.
On the other hand, 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.
BBN/SSE/AD