Interest rate on 91-day T-bill up

---

FE Report
The interest rate on 91-day treasury bills (T-bill) increased further Sunday ahead of the Eid-ul-Fitr festival, treasury officials said.
The range of the implicit yield, generally known as interest rate, on the 91-day T-bill rose to 2.25 per cent on the day from 1.15-2.00
per cent of the previous auction, held on September 6 last, according to auction results.
"The yield of 91-day T-bill increased slightly on the day ahead of the Eid festival," a senior treasury official of a commercial bank told the FE, adding that the yield of 182-day T-bills remained almost unchanged.
The yield of the 182-day T-bill rose to 3.50 per cent on the day from 3.45-3.50 per cent of the previous auction, held on July 19 last.
In auction bidders offered Tk 6.735 billion and Tk 4.709 billion respectively for the 91-day and 182-day T-bills, the Bangladesh Bank (BB) said in its auction results, issued Sunday.
"Of those, Tk 300 million and Tk 709 million were accepted and Tk 4.70 billion and Tk 3.291 billion were devolved on primary dealers for the 91-day and 182-day bills respectively," the central bank noted.
Currently, three T-bills are being transacted through auctions to adjust the government borrowing from the banking system.
The T-bills have 91-day, 182-day and 364-day maturity periods.