Govt borrows Tk 9.0b thru' auctions of treasury bills
Monday, 27 October 2008
FE Report
The government borrowed Tk 9.00 billion (900 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 9.00 billion from the market in the week.
The central bank conducted auctions of 91-day, 182-day and 364-day bills on the day.
Bidders offered Tk 6.50 billion, Tk 1.82 billion and Tk 4.315 billion against 91-day, 182-day and 364-day bills respectively.
The central bank, however, accepted Tk 4.40 billion, Tk 1.40 billion and Tk 1.415 billion against 91-day, 182-day and 364-day bills respectively.
Besides, Tk 1.60 billion, Tk 100 million and Tk 1.085 billion were devolved to primary dealers against 91-day, 182-day and 364-day bills respectively for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.89-7.90 per cent, 8.07-8.10 per cent and 8.55-8.57 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 9.00 billion (900 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 9.00 billion from the market in the week.
The central bank conducted auctions of 91-day, 182-day and 364-day bills on the day.
Bidders offered Tk 6.50 billion, Tk 1.82 billion and Tk 4.315 billion against 91-day, 182-day and 364-day bills respectively.
The central bank, however, accepted Tk 4.40 billion, Tk 1.40 billion and Tk 1.415 billion against 91-day, 182-day and 364-day bills respectively.
Besides, Tk 1.60 billion, Tk 100 million and Tk 1.085 billion were devolved to primary dealers against 91-day, 182-day and 364-day bills respectively for liquidity support.
The ranges of the implicit yields against the accepted bills respectively were 7.89-7.90 per cent, 8.07-8.10 per cent and 8.55-8.57 per cent per annum.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.