Govt borrows Tk 8.0b thru' treasury bills
Monday, 16 July 2007
FE Report
The government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury. It will result in draining out of Tk 8.00 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 6.07 billion, Tk 2.01 billion and Tk 2.01 billion against the 28-day, 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 2.67 billion, Tk 240 million and Tk 130 million respectively against the 28-day, 91-day and 34-day bills.
Besides, Tk 2.33 billion. Tk 1.76 billion and Tk 870 million were devolved to Primary Dealers against 91-day, 182-day and 364-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.31-7.33 per cent, 7.62 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 8.00 billion (800 crore) Sunday through auctions of treasury. It will result in draining out of Tk 8.00 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 6.07 billion, Tk 2.01 billion and Tk 2.01 billion against the 28-day, 91-day and 364-day bills respectively.
The central bank, however, accepted Tk 2.67 billion, Tk 240 million and Tk 130 million respectively against the 28-day, 91-day and 34-day bills.
Besides, Tk 2.33 billion. Tk 1.76 billion and Tk 870 million were devolved to Primary Dealers against 91-day, 182-day and 364-day bills respectively.
The ranges of the implicit yields against the accepted bills respectively were 7.31-7.33 per cent, 7.62 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.