T-Bill yields hold largely steady at weekly auction

Secondary Bond market activity subdued Rupee dips marginally

- BY WEALTH TRUST SECURITIES

THE weighted average rates at yesterday's weekly Treasury Bill auction held largely steady, with the exception of the 91-day maturity, which registered a further drop of one basis point.

The 182-day and 364-day tenors remained unchanged at 7.89% and 8.02%, respectively. This marks the 12th week where T-Bill rates have stayed broadly anchored around prevailing levels.

Nevertheless, the auction went under-subscribed. Only 57.10%, or Rs. 19.13 billion, out of the Rs. 33.50 billion targeted offered amount was raised. This was despite the bids received to the offered amount ratio standing at 1.59 times.