Long term T-bill yields edges up

14 November 2012 08:28 am Views - 2777

Long term Treasury bill yields edged higher at today’s bill auction with short term bill yields edging lower, the data released by the Public Debt Department of the Central Bank showed.

The three-year T-bill yields fell1 basis points to 10.67 while the six-month bill yields rose 3 basis points to 12.05 percent. The twelve-month T-bill yeilds rose most to 12.73 percent, up by 8 basis points.

The government sold Rs.2.19 billion worth of 3-month bills and sold Rs.8 billion worth of six-month bills. The government also sold rs.5.3 billion worth 12-month T-bills.

The auction was oversubscribed with bids amounting to Rs.37.6 billion being received. It was decided to accept Rs.15.6 billion from the auction, the Public Debt Department said.