Secondary Bond market remains quiet

AT yesterday's weekly Treasury Bill auction, the weighted average yields remained broadly steady, with the rate on the 182-day and 364-day tenors remaining unchanged at 7.89% and 8.02% respectively.

- BY WEALTH TRUST SECURITIES

The 91-day maturity registered a marginal dip of 1 basis point to 7.57%. This marks the ninth week where T-Bill rates have stayed mostly unchanged at auctions.

However, only 72% of the total offered amount was raised, with successful bids amounting to Rs. 54 billion against the Rs. 75 billion on offer in the first phase of competitive bidding. This marked the fourth consecutive auction that fell short of fully raising the targeted amount.

The Phase II of subscription on across all three maturities is now open until 3 p.m. of business day prior to settlement date (i.e., 18.09.2025) at the WAYRs determined for the said ISINs at the auction.