The Treasury Bill Auctions held on April 20 showed both an increase in yields across the three tenures and a significant rejection of bids.
The 91 day Treasury bill yield went from 19.71% to 23.21% with Rs 47.5 billion offered, Rs 101.5 billion bids, and Rs 45.1 billion accepted.
The 182-day issuance offered Rs 27.5 billion, Rs 28.7 billion in bids, and only Rs 917 million accepted. This was at an average yield of 24.77% from the previous yield of 22.73%. The 364-day issuance offered Rs 22.5 billion, bids for Rs 31.7 billion, and Rs 1.9 billion accepted.
The average yield was 24.36% which was higher than the last auction 23.36%.