Secondary Bond market turns bullish; extends rally for 2nd consecutive day

Rs. 57 b T-Bill auction fully subscribed; yields hold broadly steady

- BY WEALTH TRUST SECURITIES

■ Rupee depreciates further

THE weekly Treasury Bill auction was fully subscribed, successfully raising the entire Rs. 57 billion on offer. The bids received-to-offered amount ratio standing at 2.21 times. This marked the first auction to be fully subscribed in four weeks.

The weighted average rates held largely steady, with the yield on the 91-day tenor remaining unchanged at 7.52%. However, the 182-day and 364-day tenors registered marginal increases of 01 basis point to 7.90% and 02 basis points to 8.04% respectively. This marks the 15th week where T-Bill rates have stayed broadly anchored around prevailing levels.

The Phase II of subscription on for across all three tenors is now open until 3.00 pm of business day prior to settlement date (i.e., 30.10.2025) at the WAYRs determined for the said ISINs at the auction. See graph for details of the auction (Phase 1).