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.