Secondary trading of t-bills, bonds up in May

Secondary trading of treasury bills and treasury bonds increased slightly in May after it had declined sharply in the immediate past month.

The turnover stood at Tk 7.13 billion in last month, up by Tk 63 million from Tk 6.50 billion in April, central bank statistics showed.

In April, the turnover was a more-than-four-time fall from that in March, when the amount was Tk 27.78 billion.

Banks and financial institutions are the main buyers of these fixed income government securities. T-bills are short-term and t-bonds are long-term.

The secondary trading of t-bills and t-bonds in the first 11 months of the current fiscal year stood at Tk 152.11 billion, Bangladesh Bank statistics also showed.

In the same period of the last fiscal year, the turnover was Tk 366.54 billion, which means the trading in monetary terms fell by 58.50 per cent during July-May period of this fiscal.