T-Bill rates continue to hold broadly steady

■ Secondary Bond market yields continue to consolidate ■ Rupee appreciates slightly

- BY WEALTH TRUST SECURITIES

THE weighted average rates at the weekly Treasury Bill auction conducted yesterday remained broadly steady, with the yields on the 91-day and the 182-day tenors remaining unchanged at 7.52% and 7.91% respectively.

However, the 364-day tenor registered a marginal decrease of 01 basis point to 8.03%. This marks the 18th week where T-Bill rates have stayed broadly anchored around prevailing levels.

However, the auction was undersubscribed, raising only 73.40% or Rs. 63.12 billion out of the Rs. 86 billion offered. This marks the third consecutive auction to undersubscribed whiles the bids received to offered amount ratio stood at 1.95 times.