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Govt borrows Tk 6.193 thru' treasury bills
FE Report
1/3/2005
The government borrowed a total of Tk 6.193 billion ( 619.30 crore) Sunday through the auctions of treasury bills. On the other hand, Tk 4.975 billion will be injected into the market in the week due to maturity of some treasury bills. It will result in a net outflow of Tk 2.180 billion from the market in the week.
The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.
The auction of the 28-day, 91-day, 182-day, 364-day and two-year treasury bills was held on the day.
Bidders offered Tk 4.888 billion, Tk 100 million, Tk 930 million, Tk 100 million and Tk 305 million against 28-day, 91-day, 182-day, 364-day and two-year bills respectively.
The central bank, however, accepted bills amounting to Tk 4.888 billion, Tk 900 million, Tk 100 million and Tk 305 million against 28-day, 182-day, 364-day and two-year bills respectively.
The ranges of their implicit yields were 4.00-4.05 per cent, 5.75 per cent, 6.16-6.22 per cent and 6.75 per cent respectively per annum.
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