Rates hold steady for 21st week; auction fully subscribed

THE weighted average rates at the weekly Treasury Bill auction conducted yesterday held steady.

- BY WEALTH TRUST SECURITIES

Accordingly, the yields on the 91-day, the 182-day and the 364-day tenors were recorded unchanged at 7.51%, 7.91% and 8.03%. This marks the 21st week where T-Bill rates have stayed broadly anchored around prevailing levels.The auction was fully subscribed, raising the entire Rs. 48 billion offered. This marks the first instance in six consecutive auctions to be fully subscribed. The bids received-to-accepted amount ratio was 2.19 times.

The Phase II of subscription is now open across all the 91-day and 364-day ISINs until 3:00 p.m. of business day prior to settlement date (i.e., 03.12.2025) at the WAYRs determined for the said ISINs at the auction. (Please see table for the details of the auction Phase 1).

Activity in the secondary Bond market moderated as participants adopted a wait-and-see stance ahead of the upcoming Treasury Bond auction. Yields overall remained broadly steady, with sentiment staying positive following the rally observed the previous day.