Secondary Bond market activity increases

■ T-Bill rates continue to edge lower at weekly auctions; auction fully subscribed ■ Rupee depreciates

- BY WEALTH TRUST SECURITIES

THE weighted averages at yesterday's weekly Treasury Bill auction continued to trickle lower on one or two maturities for a third consecutive week.

The total offered amount of Rs. 78.5 billion was successfully accepted, also for the third consecutive week as well.

The weighted average rate on the 91-day tenor and the 182-day tenor registered declines of 01 basis point each to 7.59% and 7.89% respectively week-on-week. However, the 364-day tenor remained unchanged week-on-week at 8.03%.

Notably, the longer-tenor 364-day maturity raised more than the respective offered amount, while the 91-day and 182-day maturities raised less than their respective offered amounts.