T-bill yields up

The Treasuries yield rose across all maturities at the auction held yesterday where the government sold 23.6 billion in Treasury bills.

The tree month bill yields rose 5 basis points to 10.79 percent and six month yields rose 2 basis points to 12.09. The twelve month bill yields rose 4 basis points to 12.85.

The government sold 3.6 billion in three month bills, Rs.11.5 billion in six month bills and Rs.8.4 billion in twelve month bills.

According to the Public Debt Department of the Central Bank, the auction which was held to roll-over Rs.18 billion maturing Treasury bills was oversubscribed with bids amounting to Rs.41 billion being received.