Phase 1 undersubscribed for 5th straight week; rates record mixed results

Secondary bond market yields ease marginally Rupee steady

- BY WEALTH TRUST SECURITIES

THE weekly Treasury bill auction conducted yesterday went undersubscribed at its 1st phase for a fifth consecutive week, raising 83.15% or Rs. 95.62 billion of the total Rs. 115 billion on offer accepted. This was despite total bids received exceeding the offered amount by 2.01 times.

The auction saw weighted average yield rates exhibit mixed results. Accordingly, the weighted average rates on the 91-day tenor increased by 03 basis points to 7.62% and the 182-day tenor rose by 02 basis points to 7.98%. However, the weighted average rate on the 364-day tenor declined by 02 basis points to 8.29%