Govt borrows Tk 5.0b thru' treasury bills
Monday, 17 November 2008
FE Report
The government borrowed Tk 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 billion from the market in the week.
The central bank conducted auctions of 91-day and 364-day bills on the day.
Bidders offered Tk 2.5525 billion and Tk 2.8675 billion against 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 1.0575 billion and Tk 365 million against 91-day and 364-day bills respectively.
Besides, Tk 1.4425 billion and Tk 2.135 billion were devolved to primary dealers against respectively 91-day and 364-day bills for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.90-7.92 per cent and 8.57 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.
The government borrowed Tk 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 billion from the market in the week.
The central bank conducted auctions of 91-day and 364-day bills on the day.
Bidders offered Tk 2.5525 billion and Tk 2.8675 billion against 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 1.0575 billion and Tk 365 million against 91-day and 364-day bills respectively.
Besides, Tk 1.4425 billion and Tk 2.135 billion were devolved to primary dealers against respectively 91-day and 364-day bills for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.90-7.92 per cent and 8.57 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.