T-Bill rates notch up marginally at weekly auction

AT the weekly Treasury Bill auction held yesterday, weighted average yields recorded an upwards movement for a fourth consecutive week, albeit witnessing a mwoderation in the increasing momentum.

- BY WEALTH TRUST SECURITIES

Accordingly, the weighted average yield on the 91-day Bill rose by 7 basis points to 7.95% and the 364-day increased by 1 basis point to 8.48% respectively. However, the weighted average on the 182-day remained steady at 8.44%. The auction was marginally undersubscribed, raising 96.43% or Rs. 96.43 billion out of the Rs. 100 billion. The bulk of which was raised on the 182 tenor which raised more than its respective offered amount. Total bids received amounted to 3.47 times the offered volume.