Govt borrows Tk 6.50b thru' auction of treasury bills
Monday, 11 June 2007
FE Report
The government borrowed Tk 6.50 billion (650 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 6.50 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day and 182-day bills on the day.
Bidders offered Tk 3.58 billion and Tk 150 million against the 28-day and 91-day bills respectively.
The central bank accepted all the bids. No bid was offered for 182-day bills.
The ranges of the implicit yields against the accepted bills respectively were 7.32-7.34 per cent and7.60 per cent.
Besides, Tk 420 million, Tk 1.85 billion and Tk 500 million were devolved to Bangladesh Bank against 28-day, 91-day and 182-day bills respectively.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.
The government borrowed Tk 6.50 billion (650 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 6.50 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day and 182-day bills on the day.
Bidders offered Tk 3.58 billion and Tk 150 million against the 28-day and 91-day bills respectively.
The central bank accepted all the bids. No bid was offered for 182-day bills.
The ranges of the implicit yields against the accepted bills respectively were 7.32-7.34 per cent and7.60 per cent.
Besides, Tk 420 million, Tk 1.85 billion and Tk 500 million were devolved to Bangladesh Bank against 28-day, 91-day and 182-day bills respectively.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.