Govt borrows Tk 7.00b thru' treasury bills
Monday, 18 June 2007
FE Report
The government borrowed Tk 7.00 billion (700 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 7.00 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day and 364-day bills on the day.
Bidders offered Tk 7.19 billion, Tk 400 million and Tk 55 million against the 28-day, 91-day and 364-day bills respectively.
The central bankm however, accepted Tk 4.00 billion, Tk 400 million and Tk 55 million respectively against the 28-day, 91-day and 364-day bills.
Besides, Tk 2.60 billion and Tk 945 million were devolved to Bangladesh Bank against 91-day and 364-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.31-7.33 per cent, 7.60-7.61 per cent and 8.48 per cent.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.
The government borrowed Tk 7.00 billion (700 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 7.00 billion from the market in the week.
The central bank conducted auctions of 28-day, 91-day and 364-day bills on the day.
Bidders offered Tk 7.19 billion, Tk 400 million and Tk 55 million against the 28-day, 91-day and 364-day bills respectively.
The central bankm however, accepted Tk 4.00 billion, Tk 400 million and Tk 55 million respectively against the 28-day, 91-day and 364-day bills.
Besides, Tk 2.60 billion and Tk 945 million were devolved to Bangladesh Bank against 91-day and 364-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.31-7.33 per cent, 7.60-7.61 per cent and 8.48 per cent.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.