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The upward trend of yields on treasury bills (T-bill) continued on Sunday, as banks remained reluctant to invest their excess liquidity in the securities.
The cut-off yield, generally known as the interest rate, on the 91-Day T-bills rose to 11.59 per cent on the day from 11.45 per cent of the previous level, while the yield on 182-Day T-bills reached at 11.84 per cent from 11.75 per cent from the earlier level.
However, the yield on 364-Day T-bills rose to 11.92 per cent on the day from 11.86 per cent earlier, according to the auction results.
However, the government borrowed Tk 90 billion on the day through issuing three types of T-bills to partially meet its budget deficit.
Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.
Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years, respectively, are traded on the market.