Treasury bill yields rise for second week

For the second week Treasury bill yields rose across all three tenors at Wednesday’s auction, the data released by the Central Bank showed.

Last week, the Treasury bill yields rose bucking a months-long declining trend, which many considered as a blip.
However, this week too, Treasury bill yields rose:  3- month yields by 85 basis points, 6-month yields by 87 basis points and 12-month yields by 32 basis points.

The Public Dept Department (PDD) of the Central Bank offered Rs.90 billion via bills and raised the full amount—Rs.54.7 billion in 3-month bills at 25.65 percent, Rs.9.9 billion in 6-month bills at 24.97 percent and Rs.25.3 billion in 12-month bills at 22.96 percent.PDD offered Rs.40 billion in 3-month bills and Rs.25 billion each in 6-month and 12-month bills.