T-bill yields edge up; 3-month bills rejected

5 December 2012 10:53 am - 0     - {{hitsCtrl.values.hits}}

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The long-term Treasury bill yields edged up at yesterday's auction for the reissue of Rs.15 billion T-bills with offers for three-month bills being rejected, the Public Debt Department of the Central Bank said.

The six-month bill yields rose one basis points to 12.10%, with 12-month yields also rising from one basis point to 12.86%.

Although bids amounting to Rs.5.1 billion were received for three-month bills, none were accepted. The three-month bill yield recorded during last week was 10.79%.

The government accepted Rs.7.9 billion on six-month T-bills and Rs.5.4 billion on 12-month bills.

Although the auction was oversubscribed with bids amounting to Rs.36.5 billion, it was only Rs.13.4 billion that was accepted from the auction.

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