T-Bill rates hold broadly steady at weekly auction

Auction undersubscribed for 3rd straight week Rs. 155 b Treasury Bond auction in focus Secondary Bond market remains quiet; Yields edge up further Rupee appreciates slightly

- BY WEALTH TRUST SECURITIES

AT yesterday's weekly. Treasury Bill auction, the weighted average yields remained broadly.

steady, with the rate on the 91-day, 182-day remaining unchanged at 7.58% and 7.89% respectively. The 364day maturity registered a marginal dip of 01 basis point to 8.02%.

However, only 76.85% of the total offered amount was raised, with successful bids amounting to Rs. 59.18 billion against the Rs. 77 billion on offer in the first phase of competitive bidding. This marked the third consecutive auction that fell short of fully raising the targeted amount.

Interestingly, the 182-1 day maturity raised more than its respective offered amount, while the 91-day and 364-day maturities raised less than their respective offered amounts.

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., 11.09.2025) at the WAYRS determined for the said ISINS at the auction.

This was ahead of the T-Bond auctions scheduled for today where a total amount of Rs. 155 billion is on offer, across three maturities.

The auction will be comprised of:

Rs. 85.00 billion from a 1 July 2030 maturity bearing a coupon rate of 09.75%