T-bill yields up; 6-month bids rejected

Treasury bill yields rose across maturities at yesterday's auction for the re-issue of Rs.10 billion maturing bills, though all bids for 6-month bills were rejected.

The 3-month T-bill yields rose 25 basis points to 11 percent, while 12-month bill yields rose 21 basis points to 11.32 percent.
The 6-month yield, where all bids were rejected at the last auction was 11.06 percent, up 60 basis points from two weeks earlier.
The Public Debt Department of the Central Bank said the auction was oversubscribed with bids amounting to Rs.24.3 billion being received. It was decided to accept Rs.6.03 billion from the auction.