T-Bill auction rates continue to hold broadly steady for 20th straight week

THE weighted average rates at the weekly Treasury Bill auction conducted yesterday held steady.

- BY WEALTH TRUST SECURITIES

Accordingly, the yields on the 182-day and the 364-day tenors were recorded unchanged at 7.91% and 8.03%. However, the 91-day tenor recorded a very marginal drop of 1 basis point to 7.51%. This marks the 20th week where T-Bill rates have stayed broadly anchored around prevailing levels.

Nevertheless, the auction was heavily undersubscribed, raising only 33.01% or Rs 15.843 billion out of the Rs 48.00 billion offered. This marks the fifth consecutive auction to undersubscribed whiles the bids received to offered amount ratio stood at 1.81 times.